India is on the threshold of global recognition, with its expanding role in world economics and digitisation, and is at the frontier of world-class education.
India’s education system turns out millions of graduates every year. The scope of education has widened in India covering new and exciting courses in diversified areas.
India boasts of a number of world-class institutions and universities that are on par with their international counterparts. However, education in India, especially in premier educational institutions, is quite expensive. And in many cases, even if a student is qualified to get admission based purely on merit, it becomes difficult to study in such institutions owing to financial constraints.
Embarking on higher studies in India requires proper planning. With complex admission processes, rising costs and inflation, a student education loan is the need of the hour to fulfil your dream education.
This is where Auxilo comes in! With our tailor-made education loan solutions and in-depth knowledge of the industry, we ensure that you are a step closer to your dreams. We offer unique benefits such as multiple co-applicant facility, flexible repayment plans up to 10 years to help reduce the burden on your finances.
With Auxilo Education Loans, studying in India is easy. We understand what you and your parents have to go through on this all-important journey of building your future, which is why our products are designed to be Pro-Student, Pro-Parent and Pro-Future!
Each student's need is unique. We customized our loans for your specific needs & requirements.
Flexible and gradual payments so you can plan your finances well in advance.
Every second counts, get hassle-free fast track loans with the fastest sanctions.
Say bye to tedious and cumbersome processes with minimum documentation.
Check your eligibility criteria for an Auxilo Education Loan:
The courses covered by Auxilo are:
Expenses considered for an education loan by Auxilo:
Auxilo always aims to provide you with the most competitive interest rates on your Education Loan.
Your Education Loan interest rate is calculated as: Interest Rate = Auxilo Benchmark Rate + Spread
Auxilo's Benchmark Rate: 12.70%
The Spread is individually determined and is based on the analysis of credit and course profiling.
Rate of interest will be a floating rate.
Interest is calculated at a simple interest rate with monthly rest.
This rate is subject to the terms and conditions of Auxilo Finserve Pvt. Ltd.
Auxilo accepts security in many forms. This can be real estate properties, life insurance policies, fixed deposits, NSC, KVP, NSS, etc. The security has to be in the name of the student/parent/guardian.
Auxilo will disburse the Education Loan amount in Indian Rupees. Any hostel or tuition fees will be directly disbursed to the chosen institution either in instalments or in full, as stated by the schedule released by said institution.
Any other Education Loan amount, such as living expenses, shall be disbursed in instalments spread out over the duration of the study. This amount will be transferred to the co-borrower’s account.
If the student does not reside in a hostel, then Auxilo will transfer the fees to the co-borrower’s account.
View the complete list of fees and service charges for Auxilo here. Fees are subject to change, so keep checking back.
No processing/ upfront charges may be collected on educational loans for studies in India.Know More
This checklist will help you to identify which documents you should submit with your application.Know More
We love questions! Find your answers below:
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