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Frequently Asked Questions - Auxilo Finserve

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Financial Aid FAQs for Students

It can be difficult for international students, including Indian students, to find part-time jobs in the UAE. Some universities may have on-campus job opportunities for students, but it's important to check with the university and the relevant authorities for the most up-to-date information.
The candidate applying for the education loan must be a resident of India. He/she must have confirmed admission to recognized educational institutes in India. 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.
Definitely, Indian students can secure a residence permit or a "stay permit", in Germany after their studies. Certain conditions need to be met for qualification. They should have studied in Germany for at least two years and must have a job that brings in enough income to support themselves. Another requirement, They need a good command of the German language. They must apply to the local authorities and assemble the needed documents. The same is true for executive education loans.
No, we maintain a policy of full transparency. There are no hidden charges, and all fees related to the loan can be found in our Schedule of Fees & Charges.
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.
The different factors that are considered when lenders provide an education loan are the student's academic background, the co-borrowers job profile, the type of collateral that is being provided, and the university where the individual has secured admission.
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.
Auxilo offers a flexible repayment tenure of up to 10 years for its Loans to Vocational Colleges.
Your credit score gets evaluated based on your: Payment History - Any late payments or bankruptcies could affect your credit score. Amounts Owed - Your debts and credits are evaluated here. If you owe more than your credit limit, it will negatively impact your score. Age of Credit History - Your credit history starts from the first time you start a credit account. A longer credit history will be viewed favourably. New Credit - New credit requests, such as an application for a new credit card can indicate your risk. Multiple credit requests in a short span of time translate to higher risk for lenders. Types of Credit Used - Your credit accounts and the number of instalment-type accounts are checked here. A diverse credit portfolio can benefit your credit score.
To apply for a student visa to study in Singapore, you will need to provide proof of enrolment at a Singaporean institution, as well as evidence of financial support for your studies. You will also need to meet certain health and character requirements.
Ideally, you should check your credit score on a quarterly basis. If you've never checked your credit score before, there's no better time than right now. Checking your score helps in two ways. Firstly, it gives you an indication of your financial health and provides you with information on where you can improve your score. And, you can also go through your score and report to check for any fraudulent activity. If you find any incorrect information, you can report it to the bureau.
Yes, Auxilo's Loans to Vocational Colleges can be utilized for purchasing cutting-edge equipment and tools, enabling institutions to provide practical, hands-on education that prepares students for industry-specific careers.
To apply for a student visa to study in New Zealand, you will need to provide proof of enrolment at a New Zealand institution, as well as evidence of financial support for your studies. You will also need to meet certain health and character requirements.
To study in Australia as an Indian student, you will need to meet the academic and English language requirements of the institution you wish to attend, as well as obtain a student visa.
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.
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.
No, currently we provide only the EMI (Equated Monthly Instalment) method of repayment.
The approval process can take anywhere from a few days to a few weeks, depending on the lender and the completeness of the application.
Education businesses can utilize Auxilo's SME loans to acquire essential resources like raw materials, machinery, and advanced equipment, upgrade existing infrastructure to foster a conducive work environment, and manage existing loan liabilities for secure future business growth.
We know that education is an important investment, and everyone has the right to quality education. Our aim is to enhance the foundation of every student?s career. We strive to follow this goal by facilitating hassle-free education loans to all enabling them to chase their educational dreams regardless of their financial shortcomings.

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