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Frequently Asked Questions


What do you mean by the Auxilo Pre-admission Education Loan? What is its benefit?

With the cost of education 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.


Which countries does Auxilo provide financial support for?

Auxilo funds all those countries which give the Indian student community a bright future to look forward to.


On what basis is my Education Loan evaluated?

Auxilo uses a scientific method, which measures more than 15 parameters of the student and co-applicant strength. For e.g.: Popularity of university/course, credit worthiness of the co-applicant, etc.


Does Auxilo accept multi-city/multiple co-applicants?

Yes, Auxilo accepts multiple and multi-city co-applicants. If the eligibility of the primary co-applicant does not fit the Education Loan eligibility, he/she can add more co-applicants. We support multi-city co-applicants as well.


Is a collateral mandatory for all Auxilo Education Loans?

No. We have attractive unsecured Education Loan products basis the strength of student/co-applicant/s.

However, if collateral is provided, you can avail attractive rates of interest offered exclusively for collateral backed loans.


Who can apply for an Auxilo Education Loan?

Any student who is an Indian citizen looking to pursue higher education in India or abroad.


Can the applicant transfer his/her existing Education Loan to Auxilo?

Yes, Auxilo offers Education Loan Re-Finance options at a competitive pricing and flexible tenures that match your requirements.


How much loan can I avail from Auxilo?

The best thing about Auxilo is that we don't have a higher limit. Convince us of your passion to fulfill your dreams and Auxilo will fund your total cost of education.


What does Margin Amount mean and how much is it at Auxilo?

Your own contribution to your loan is known as Margin Money. If you have the means and access to it, it is advisable to use Margin Money, but it's better to avail a No Margin Loan from Auxilo.


When should I start repaying my loan?

Auxilo provides you with several flexible repayment options and plans. You can start repaying the Principal of the loan after 12 months of your course completion or once you get a job, whichever is earlier. Until then, you just have to pay the interest on the loan.*


What are the documents required to apply for an Education Loan?

Simple documentation requirements are what separate Auxilo from other education loan providers.

  • Basic KYC (Aadhar, PAN Card) documents of the student and co-applicant
  • Academic Documents (SSC, HSC, Graduation, etc. whichever applicable) of the student along with a valid PASSPORT (if availing an education loan abroad)
  • Income Documents of the co-applicant/s (pay-slips, bank statements, Form 16/ITR)
  • Property Documents (if applicable)

What costs are covered under an Education Loan?

Auxilo covers tuition fees, examination fees, living expenses, travel expenses, pre-admission costs, any other cost related to the course.


Who can be my co-borrowers?

Your parents, siblings, spouse, parents-in-law, first blood relatives, legal guardians, to name a few.


What is the tenure of an Education Loan?

Auxilo offers Education Loans with tenures up to 10 years.


If the loan request has been rejected by Auxilo once, can the applicant apply again?

Yes, the applicant can re-apply for an Auxilo Student Loan. It is important that he/she fulfill all the documentation and required requirements before re-applying to Auxilo.

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