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, your co-borrower should be from India. This co-borrower plays a crucial role in the loan application process, reinforcing your financial credibility for a smooth approval process.
Auxilo Education Loan
nbfc
Upto 7-10 days Loan Processing Time
Margin
NIL
Processing Fees
1% + GST
Collateral
Upto 100% of education cost
Non-Collateral
Upto ₹40 lakhs
Repayment Tenure
Upto 15 years
Cosigner Needed
Yes
Interest Rate
Starting from 11.50%*
Countries covered
USA, UK, Australia, Canada, and many more
Features of Auxilo
Education Loan Abroad
Auxilo is a premium pro-education NBFC founded in 2017, providing education loans for international students. In collaboration with UniCreds, Auxilo offers loans to students interested in studying abroad.
To evaluate students, Auxilo considers numerous aspects and provides personalised education loans for numerous countries around the world.
| Features | Education Loan Details |
|---|---|
| Loan amount | Upto 100% of education cost (Collateral) Upto ₹40 lakhs (Non-Collateral) |
| Margin money | NIL |
| Interest rate | Starting from 11.50%* |
| Processing fee | 1% + GST |
| Processing time | 7-10 days |
| Loan tenure | Upto 15 years |
| Prepayment charges | NIL |
| Countries covered | Auxilo provides overseas education loans in numerous countries including USA, UK, Australia, Canada, Germany, Ireland, New Zealand, and many more. |
| Moratorium | Study period - 6 to 12 Months |
Benefits of Auxilo Education Loan
No Margin
Auxilo provides loans without any margin, unlike other loan providers. These loans cover everything, from tuition fees and living expenses to caution deposits/building funds/any refundable deposits.
Quicker Approval
In urgent situations, Auxilo can expedite your loan application process and sanction it within two business days. If you urgently need a loan for fee payment or obtaining your VISA, you can contact us, and our team will ensure your loan gets approved on time.
Online Process
Lorien Finance and Auxilo ensure that you submit the required documents without visiting the branch. Thus, providing you with a hassle-free process that keeps you away from handling volumes of paperwork is one of our top priorities.
Flexible Education Loan
Auxilo provides flexible education loans which help you choose the tenure, payment plan during the moratorium period, and disbursal from Auxilo based on your preference.
Online account management
Once the loan gets disbursed, all the information like your transactions, interest, and EMI payments, will be accessible via your online account. This helps you to access all the information regarding your loan with the ease of a click.
How To Apply For Auxilo
Education Loan For Abroad Studies?
You can apply for an Auxilo Education Loan by connecting with our team of experts. Just fill out the form on our website, and we will schedule a callback and guide you through the process.
From helping you upload documents online to presenting them to the banks, Lorien Finance will help you throughout the application process.
Once all your documents are uploaded & KYC process is complete, you can expect your loan to get sanctioned within a few business days.
Why choose Lorien Finance to get an Education Loan from Auxilo?
Best loans at unbeatable interest rates: Lorien Finance strives to bring you the best possible deals for your study abroad loans. Our experts negotiate on your behalf to get education loans at the lowest possible interest rates.
Effortless Process: All you need to do is fill out the form on Lorien Finance’s website. Yes, it’s that simple! Our team will take it up from there, making it a hassle-free process for you.
100% Free Assistance: Lorien doesn’t charge any processing fee or commission for student loans for your study abroad journey!
Quicker Loans: With constant application tracking and status updates, our experts ensure that your education loan for studying abroad gets sanctioned as early as possible.
Higher chances of approval: In case of any missing documents or other issues, Lorien’s team promptly reaches out to the bank to find solutions. This, in turn, increases your chances of getting a study loan for your overseas education.
Helping you fulfil your study abroad dream!
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Eligibility Criteria For Auxilo Education Loan Abroad
Eligibility Criteria for Borrower
- Must be an Indian citizen
- Must be 18 years old or above
- Must have an Acceptance Letter from an abroad university
Eligibility Criteria for Co-Borrower
- Must be an Indian citizen
- Must earn in India
- Must possess an Indian bank account for writing cheques
- Should be a parent, guardian, relative, or sibling
- Cosigner is seen as the main debtor
Eligible Courses
- Graduation and post-graduation courses and diplomas recognised and authorised 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 Mark sheet, 12th Mark sheet, Graduation Degree)
- Valid Passport
For Co-applicant:
- KYC Documents (PAN Card or Aadhar card)
- Bank Statements
- Payslips & Form-16/ITR
Documents Required
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?
Auxilo offers education loans with low interest rates. The exact interest rate may vary, and we recommend connecting with our experts for the most up-to-date information.
What is the process for applying for an Auxilo education loan for studying abroad?
You can apply for an Auxilo education loan for studying abroad by contacting Lorien Finance. Just fill out the form on our website, and our experts will schedule a callback to guide you through the application process, help you upload necessary documents online, and present the application to Auxilo. Once all documents are uploaded and the KYC process is complete, the loan is expected to be sanctioned within a few working days.
Does Auxilo offer 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 benefits for exceptional academic performance, Lorien Finance, your trusted education loan partner, works diligently to ensure you access the most favourable 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 personalised support to enhance your overall experience.
Is there a co-applicant or guarantor required for the loan?
Auxilo’s education loans require a co-applicant, and it is typically the student's parents. In certain cases, a guardian, relative, or sibling 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 Finance can facilitate this communication, ensuring you receive accurate and personalised information customised to your needs.Contact us to navigate the intricacies of collateral or security for your Auxilo education loan and make your application process smoother and more transparent.
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Lorien’s Success Stories
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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...
Sambhavi
I want to express my utmost satisfaction and gratitude to Lorien Finance for their exceptional services....
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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...
Sharikha
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...
Sambhavi
I want to express my utmost satisfaction and gratitude to Lorien Finance for their exceptional services....
Rachna
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...
Sharikha
Finding suitable accommodation in a foreign country can be challenging, but Lorien Finance made it a breeze. Their partnership with reliable housing p...
Sriram
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...
Rama
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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