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Auxilo offers a flexible repayment tenure of up to 10 years for its Loans to Vocational Colleges.
Pan card & Aadhar for KYC, identity and address verifications, employment credentials like Form 16, ITR as per RBI directives. The banking credentials for underwriting and ENACH setup. The loan sponsor/financial co-applicant consent, KYC, banking details.
Educational certificates & letters of the student.
The fees for MBA programs at top B-Schools in India vary considerably. Generally, the fees for an MBA program range from Rs. 10 lakhs to Rs. 25 lakhs.The most expensive programs are offered by the Indian Institutes of Management (IIMs). The fees for the two-year MBA program at the IIMs range from Rs. 18 lakhs to Rs. 25 lakhs. Other premier institutes such as the XLRI Jamshedpur, SPJIMR Mumbai and MDI Gurgaon also charge fees in the range of Rs. 15 to Rs. 20 lakhs for their two-year MBA programs. Many other B-Schools such as FMS Delhi, JBIMS Mumbai and IITs also offer two-year MBA programs. The fees for these programs range from Rs. 10 lakhs to Rs. 15 lakhs. The fees for one-year MBA programs offered by some institutes are significantly lower than the two-year MBA programs. The fees for these programs range from Rs. 3 lakhs to Rs. 7 lakhs.
The repayment method of an education loan typically depends on the lender. Most lenders offer various repayment options, including fixed monthly payments, interest-only payments, and deferred payments. Some lenders may also offer income-based repayment plans, which allow borrowers to make payments based on their income.
No, currently we provide only the EMI (Equated Monthly Instalment) method of repayment.
The loan amount can vary depending on the credit score of the borrower & the cost of the MBA program. We may offer up to 100% of the program cost, while others may have a maximum loan limit.
Yes, it is possible to get a job while studying in the UK. However, you must have a valid student visa and be enrolled in a full-time course in order to legally work in the UK. Indian students studying in the UK are allowed to work up to 20 hours per week during term-time and full-time during holidays and vacations. You will need to apply for a National Insurance Number in order to be employed.
Auxilo do not charge any login fees like other NBFCs. However, processing fees will be charged once the case in-principle is sanctioned.
Yes, Auxilo's School & College Loans can be utilized to manage short-term financial needs, which may include the hiring of skilled educators, training staff, and enhancing administrative capabilities within your institution.
We have both secured and unsecured, how do we determine it ? based on your eligibility, score, financial scores, selection of country, university ranking, future potentials etc., Countries like New Zealand accepts education with security only. Secured loans get higher loan amount compared to unsecured loans.
Yes, Auxilo offers unsecured education loans without the requirement of collateral. However, the terms and conditions of the loan, including interest rates and repayment terms, may vary depending on the borrower's creditworthiness and financial situation.
Your parents, siblings, spouse, parents-in-law, first blood relatives, legal guardians, to name a few.
Auxilo offers a diverse range of collateral options for securing your loan, providing both flexibility and convenience. Collaterals can include the institution's land and buildings residential buildings, open plots, commercial spaces, and more catering to your unique requirements.
This statement reflects Auxilo commitment to supporting all types of educational institutions providing education services from the start of their journey, helping to build strong foundations and foster future growth.
With the cost of education, while studying abroad is continually on the rise and the limited availability of financial assistance or scholarship aid, higher education funding can be very challenging. At Auxilo, we understand this and hence offer a Pre-admission Education Loan, basis the preparatory exams scores and student's strength or credit worthiness of the applicant/s (parents/guardian/co-borrower/borrower). A student can use this to present the same as proof of funds while applying for admissions to different universities/institutes.In fact, with an Auxilo Pre-admission Education Loan, an applicant can strengthen his/her case for admission, including the choice of course.
It depends on the type of student visa issued and the policy of the government. Some students may be eligible for a work permit after completing their studies, but it is best to check with the university and government for the most up-to-date information.
Step 1: Request your current lender for a foreclosure form. Step 2: Approach a new lender to refinance your existing loan for education. Step 3: Allow the new lender time to complete the paperwork and approve the request.Step 4: Wait for the new lender to provide you with a cheque for your old lender to clear the outstanding amount.

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