To be eligible for the Auxilo student loan, you must be an Indian citizen aged 18 years or above, and have official confirmation of acceptance from a university. Also, the education loan should be co-signed by a co-borrower from India. This co-borrower plays a supportive role in the loan application process, reinforcing your financial credibility for a smooth approval process.
Auxilo Education Loan
nbfc
7 days Loan Processing Time
Margin
NA
Processing Fees
0.5% - 1.5%
Collateral
Upto 70 lakhs
Non Collateral
Upto 65 lakhs
Repayment Tenure
Upto 10 Years
Cosiger Needed
Yes
Collateral Loans
Up to 70 lakhs
Non Collateral Loans
Up to 65 lakhs
Features of Auxilo
Education Loan Abroad
Auxilo is dedicated to providing education loans for international students. It is a premium pro-education NBFC with a strong track record of funding study abroad loans, founded in 2017. In collaboration with UniCreds, Auxilo plans to provide loans to the majority of students who are interested in studying abroad.
To evaluate students, Auxilo considers 15+ criterias and provides personalised education loan options for countries like the United States and Canada. Lorien helps you in obtaining the loan even before you've received admission by leveraging your academic background.
Loan Margin: NA
Processing Fees: 0.5% - 1.5%
| Features | Education Loan Details |
|---|---|
| Loan amount | Upto ₹70 Lakhs ( Collateral) Upto ₹65 Lakhs (Non Collateral) |
| Margin money | NA |
| Interest rate | 11.25% |
| Processing fee | 0.5% - 1.5% |
| Processing time | 7 Working Days |
| Loan tenure | Upto 10 Years |
| Prepayment charges | No Charges* |
| Countries covered | Auxilo offers abroad education loans to study in over 35+ different countries across the world including the USA, Canada, the UK, Germany, Australia, Singapore, France, etc |
| Moratorium | Course Duration + 12months |
Benefits of Avanse Education Loan
No Margin
Auxilo provides loans without any margin unlike other loan providers. This means you won't have to worry about any part of your study abroad expenses. These loans cover everything, starting from tuition and living expenses to caution deposit/building fund/any refundable deposit.
Quicker Approval
In urgent situations, Lorien can speed up your loan application process. Your student loan can be processed within just two working days. If you are in urgent need of a loan for fee payment, or obtaining your VISA, you can simply reach out to us, and our team will ensure your loan is approved on time.
Online Process
Lorien ensures that you upload documents without visiting the branch, Thus, providing you a hassle free process that keeps you away from handling volumes of paperwork physically.
Flexible Education Loan
Auxilo provides flexible education loans which helps you in choosing the tenure, payment during the moratorium period, disbursal from Auxilo based on your preference.
Online account management
Once the loan is disbursed all the information like your transactions, interest, EMI payments will be accessible via online account. This helps you to access all the information regarding your loan.
How To Apply For Auxilo
Education Loan For Abroad Studies?
You can get in touch with our team of experts by filling out the form on our website. Lorien will schedule a callback with you and guide you through the process.
From helping you upload documents online to presenting it to the banks, Lorien will help you throughout the application process.
Once all your documents are uploaded & KYC is done, you can expect your loan to get sanctioned within a few working days.
Why Choose Lorien To Get Education Loan From Auxilo?
Higher Chances of Approval: Generally, banks dismiss education loan applications if they find any missing documents, property issues, or other issues. But with Lorien, you have access to experts who can reach out to the bank and help you resolve your queries on time.
Ease of Use: Students can easily contact us by filling out a form on the website and our most trusted experts will reach out to them to help them with any query. The process is simple and efficient to make your study abroad dreams a reality.
100% Free Assistance: Our services are free of cost and we do not charge our students for helping them apply for their education loans.
Quicker Loans: Our experts make sure that your education loan is sanctioned as early as possible. We also keep track of the application and make sure that all the requirements from your end are fulfilled.
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Eligibility Criteria For Auxilo Education Loan Abroad
Eligibility Criteria for Borrower
- Must be a citizen of India
- Must be 18 years old or above
- Must have official confirmation of Acceptance to a University
- The Education Loan should be co-signed by co-borrower from India
Eligibility Criteria for Co-Borrower
- Co-Borrower must be Indian
- They must earn in India
- They need an Indian bank account for writing cheques
- They could be a parent, guardian, relative, or sibling
- Co-signer is seen as the main debtor.
Eligible Courses
- Graduation and post-graduation courses, and diplomas recognized and authorized by UGC/AICTE/IMC/Government Bodies, etc.
- Professional and technical courses such as Law, Management, Medicine, Engineering, Aviation, and more.
- Vocational training, executive programs, and other courses approved by Auxilo.
Eligible Countries
- USA
- UK
- Canada
- Singapore
- New Zealand
- UAE
- Germany
- Ireland
- Australia
For Applicant:
- KYC Documents (PAN Card or aadhar card)
- Academic Documents (10th Marksheet, 12th Marksheet, Graduation Degree)
- Valid Passport
For Co-applicant:
- KYC Documents (PAN Card or aadhar card)
- Bank Statements
- Payslips & Form-16/ITR
Documents Required
Repaying the Loan
The repayment plan starts after a 6-month of completion of course or when the student obtains employment, whichever comes first. During this period, you will have to pay a portion of the interest on the utilized amount. Auxilo Education Loans offers flexible and adjustable repayment of loans.
Expenses Covered in Auxilo Education Loan
- Tuition fees
- Hostel and mess fees
- Examination, library, and laboratory fees
- Insurance premium
- Caution deposits, building funds, and refundable deposits
- Reading material and uniform
- Travel expenses
- Laptop
- Admission acceptance fees
- Other expenses
FAQs
Bringing answers to your questions
What are the eligibility criteria for Auxilo's education loans for studying abroad?
What is the interest rate on education loans for studying abroad, and how is it calculated?
Auxilo offers education loans with very low-interest rates. The exact interest rate may vary, and it is advisable to contact them directly or visit their official website for the most up-to-date information.
What is the process for applying for a Auxilo education loan for studying abroad?
You can apply for a Auxilo education loan for studying abroad by getting in touch with Lorien. Fill out the form on our website, and our experts will schedule a callback with you. They will guide you through the application process, help you upload necessary documents online, and present the application to Auxilo. Once all documents are uploaded and KYC is done, the loan is expected to be sanctioned within a few working days.
Does Auxilo offer any special benefits or interest rate reductions for exceptional academic performance?
Auxilo's education loans are known for their low-interest rates, providing financial support for students aspiring to study abroad. While Auxilo may not explicitly mention special benefits for exceptional academic performance, Lorien, as your trusted education loan partner, works diligently to ensure you access the most favorable terms. By leveraging our expertise and relationships with financial institutions, Lorien assists you in securing the best interest rates available. Our commitment is to make your study abroad journey financially viable, offering personalized support to enhance your overall experience.
Is there a co-applicant or guarantor required for the loan?
Yes, a co-applicant is required for Auxilo's education loan, and it is typically the student's parent(s). In certain cases, a guardian, relative, or siblings can act as the co-applicant.
What collateral or security is required for the loan?
Collateral requirements may vary based on individual circumstances and the loan amount. Lorien, as your dedicated education loan partner, can facilitate this communication, ensuring you receive accurate and personalized information tailored to your specific needs. Contact us to navigate the intricacies of collateral or security for your Auxilo education loan, making your application process smoother and more transparent.
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Thanks to Lorien Finance, I was able to secure an education loan without any hassle. Their online application process made it convenient for me to app...
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I'm Sambhavi, currently working at Deloitte. Lorien Finance helped me secure an education loan for my Master's in Business Analytics at the University...
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I want to express my utmost satisfaction and gratitude to Lorien Finance for their exceptional services....
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It was a good experience with Lorien Finance throughout the process they helped me in every step and made the process hassle-free and helped me to g...
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It was a good experience with Lorien Finance throughout the process they helped me in every step and made the process hassle-free and helped me to g...
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