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The school has to be operational for at least 3 years before applying for an Education Infrastructure Loan.
1. Review Your Finances: Before planning your student loan repayment, it is essential to review your finances. Take a look at your income, expenses, debts, and savings. This will give you a better understanding of where you stand financially and how much money you have available for loan repayment.2. Calculate Your Debt-to-Income Ratio: Your debt-to-income ratio is the total debt you have divided by your total income. This ratio gives you an idea of how much of your income is going to debt repayment.3. Estimate Your Loan Repayment Amount: Once you have your debt-to-income ratio, you can estimate how much you can afford to pay on your student loans each month. Consider setting aside a certain percentage of your monthly income for loan repayment.4. Research Repayment Options: There are several different repayment options available for student loans. Research each option to find the one that best fits your financial situation. You can find a repayment plan with a lower monthly payment or a shorter repayment term.
EMI stands for "Equated Monthly Installment." It is a fixed amount of money that you need to pay to your lender each month to pay off a loan. The EMI includes both the interest and the principal amount of the loan. The amount of the EMI is determined by the loan amount, the interest rate, and the loan tenure (the number of months you have to repay the loan). Your lender will provide you with a schedule of EMIs that you need to pay each month until the loan is fully paid off.
The candidate applying for the loan must be a resident of India. He/she must have confirmed admission to recognized educational institutes in India or abroad. The candidate's age must fall within the bracket of 18 to 35 years during loan application. He/she must undergo a graduate/postgraduate degree or a PG diploma. The applicant should have secured admission to a college or university affiliated with University Grants Commission (UGC)/All India Council for Technical Education (AICTE)/Govt. etc. Students pursuing full-time courses need a co-applicant who can be either a parent/guardian or spouse/parent-in-law (in the case of married candidates). The co-applicant must have a regular income source. A strong academic record facilitates speedy loan approval.
You can go back to your form using the same phone number you previously used. You can continue the application from the part where you left.
For study in the- USA, international students nee-d an F-1 visa. After acceptance from a U.S. school and showing financial support proof, you can ge-t this visa. Also, a visa interview is mandatory. Plus, you must prove that you are- good in English.
The repayment of the loan has to be done from operative bank account through NACH.
Auxilo provides 100% financing options including tuition fees, living expenses, etc. Pay the fee for your course along with your exam fees, accommodation etc. with ease & zero-margin money
Whether student loan refinancing is a good idea depends on the individual's specific financial situation. It can be a good option for borrowers with high-interest loans or who are struggling to make their monthly payments. However, it's important to consider the potential loss of benefits that come with federal loans before refinancing.
Yes, Auxilo provides a dedicated relationship manager to each customer for personalized professional assistance.
Auxilo offers a flexible repayment tenure of up to 10 years.
Yes, there are scholarships available to Study at German universities. Many universities offer scholarships to international students. These scholarships may be need-based or merit-based, depending on the individual university. Some universities in Germany also offer research grants, which can help cover the cost of studying in Germany. Additionally, there are a number of external organizations that provide scholarships to international students studying in Germany.
The following documents are required to avail an education loan for an MBA: 1. Loan application form duly filled and signed by the student or Digital Form Submission 2. KYC documents of the student and co-applicant, if any. 3. Proof of income of the co-applicant, if any. 4. Mark sheets and certificates of 10th and 12th standard examinations. 5. Admission letter from the institute. 6. Proof of admission fee, course fee and other related expenses. 7. Collateral security documents, if applicable. 8. Bank statements of the student and co-applicant, if any, for the last 6 months. 9. A detailed study report of the course. 10. Recent passport-sized photographs of the student or Selfie if student using Digital Journey.
Loan sponsors are individuals with stable financial profiles. H/She can be an individual ready to support your application with their collateral and income profile, give consent to your application and co-sign the education loan agreement with you. Your Loan sponsors can be your parents, siblings, spouse, parents-in-law, first blood relatives and legal guardians.
While your credit score does play a crucial role, it is not the only deciding factor. Different lenders have their own underwriting policies. Some financiers may provide loans to individuals who have a score of 700, while others may need you to have a minimum credit score of 800. Conversely, if you spend more than 50% of your monthly income on repaying outstanding debts, your loan application could get rejected despite the fact that you have a high credit score.
While availing of educational loans to study in India collateral may be required for some loan options, but unsecured loan options are available where no collateral is required, with us.
Yes, scholarships are available for Indian students studying in France. Some universities in France and organizations offer scholarships based on financial need or academic merit. It's best to check with the universities directly to find out more about available scholarships.
It is completely safe; we will be using your Aadhaar details for identity-related transactions/operations. We are not storing your Aadhar number.
We use SSL and other industry-standard encryption technologies while exchanging sensitive data with the application and with banking partners. We are legally compliant with all data privacy and IT security norms in India.
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.

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