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Frequently Asked Questions - Auxilo Finserve

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Financial Aid FAQs for Students

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.
Your parents, siblings, spouse, parents-in-law, first blood relatives, legal guardians, to name a few.Loan sponsors are individuals with stable financial profiles.
International students in the UK are allowed to work up to 20 hours per week during the academic term and full-time during holidays. There are many opportunities to work while studying in the UK, and many students take part-time jobs to help pay for their studies and living expenses.
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.
Auxilo's loans can be used to equip your coaching institute with the latest educational technology to create a digitally sophisticated learning environment, thus increasing student engagement.
The loan can be utilized for numerous purposes such as improving infrastructure, procuring advanced equipment, financing staff development, expanding course offerings, and facilitating digital transformation.
Educational Infrastructure Loans are processed within 8-10 working days from receiving clear documentation.
Yes, once the case is sanctioned only then customer has to pay processing fees.
Visit Auxilo's School & College Loan page, click on 'Apply Now' and follow the instructions.
An education loan typically covers expenses related to higher education such as tuition, room and board, books, and other related costs. Some education loans may also cover other expenses such as a computer or transportation. The specifics of what is covered in an education loan can vary depending on the lender and the loan program. It's important to carefully read the terms and conditions of any loan you are considering to ensure that it covers the expenses you need it to.
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.
An executive education loan can be taken to finance the cost of an executive education program, such as a MBA or other advanced degree. These programs can be costly, and a loan can help cover the expenses and allow the individual to pursue their education and professional development goals without incurring significant financial burden. Additionally, an executive education loan can also be used to pay for various educational expenses associated with the program such as tuition, books, and other materials.
The placement record of MBA colleges in India varies depending on the institute and the program. However, most top MBA colleges in India have a good placement record, with many of their graduates getting recruited by top companies in India and abroad.
The time line can vary. It's based on your home country and the Canadian visa office. They're the ones making the decision. Generally, Expect a few weeks to a few months.
Auxilo offer loans at floating rates of interest - this means that your study abroad education loan interest rate can go up and come down. Therefore, it could vary because it is dependent on the external economic conditions and internal company policies. OR Auxilo offer loans with the fixed interest rate - this means that your education loan interest rate will remain same.
Tax benefits may be available under Section 80E of the Income Tax Act, 1961. It's best to consult a tax professional or the lender for more information.
Educational Institution Loans range from a minimum of 3 years upto a maximum of 8 years.
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.
International students can stay in the US for 60 days that follow their studies completion. If you want to keep staying here, then you need to get another kind of visa.
As per RBI guidelines, we need your address as mentioned in your KYC documents for our records.

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