Interest Rate
Starting from 11.5%
Processing Fees
0.5% - 1.5%
Margin Money
Nil
Simple FIVE step digital process to get a education loan
Use our free tool to verify your eligibility and receive conditional loan offers.
Connect with our dedicated loan counselor for a better understanding of the process.
Submit your documents or complete the necessary forms for bank verification and evaluation.
GyanDhan expert's negotiate to secure the most competitive interest rates and the highest possible loan amount for you.
Recieve your final approval and sanction letter, ensuring prompt fund disbursement from the lender
All you need to know about Auxilo bank education loan for studying abroad
Study Abroad Expert
Established in 2017, Auxilo Finserve Pvt. Ltd. is an NBFC. Auxilo assesses students based on more than 15 parameters and offers customized education loan options for countries like the US, UK, Canada, Australia, France, Germany, New Zealand, and Ireland. Auxilo offers customized loan options based on the requirements. They also provide various benefits such as pre-approved loans, flexible repayment options, and doorstep service.
What's more? GyanDhan can also help you in getting an Auxilo education loan for studying abroad even before admission based on your academic profile.
| Features | Description |
|---|---|
|
Loan amount |
Up to INR 65 Lakh |
|
Rate of interest |
11.25 - 14% |
|
Processing fees |
0.5 - 1.5% |
|
Processing time |
7-10 days |
|
Margin money |
nil |
|
Moratorium period |
Course duration + 1-year |
|
Repayment tenure |
15 years |
The applicant must be at least 18 years of age or older at the time of application. The student should have secured admission to a recognized university.
To be eligible for an education loan, the applicant must meet Auxilo's minimum academic criteria and maintain a consistently good academic record. Additionally, the student may need to fulfill certain prerequisite tests such as GRE, IELTS, or TOEFL. It is important to note that, in the US, GRE scores are particularly important in obtaining an education loan.
The borrower must need a co-applicant, who could be the applicant’s mother, father, sister, brother, spouse, paternal or maternal relative, or a legal guardian, with a regular source of income and good credit history.
Under this scheme regular graduate degree/post-graduate degree/diploma/certificate/doctorate courses in any discipline offered by foreign Institutes/Universities in the USA, UK, Canada, Australia, New Zealand, France, Germany, Ireland will be covered under the scheme.
| Feature | GRE > = 310 | GRE 300 = < 310 | GRE 285 = < 299 |
|---|---|---|---|
|
Rate of interest |
11.25 - 11.75% |
11.75% - 12.5% |
12.5 - 13% |
|
Loan amount |
Up to INR 65 Lakh |
Up to INR 50 Lakh |
Up to INR 40 Lakh |
|
Co-applicant minimum income |
INR 30 K |
INR 35K |
INR 35K |
|
Monthly installments during the course |
Partial simple interest |
Partial simple interest |
Simple interest |
|
Processing fee |
0.5 - 1% |
0.7 - 1% |
1% |
| Feature | Australia / New Zealand | Canada | UK | Germany/ Ireland/France/ Italy |
|---|---|---|---|---|
|
Rate of interest |
12.5 - 14% |
12 - 13% |
12.5 - 13.5% |
12.5 - 13.5% |
|
Loan amount |
INR 20 Lakh |
INR 30 Lakh |
INR 40 Lakh |
INR 20 Lakh |
|
Co-applicant minimum income |
INR 60K |
INR 30K |
INR 40K |
INR 40K |
|
Monthly installments during the course |
EMI |
Simple interest |
Simple interest |
Simple interest |
|
Processing fee |
1 - 1.5% |
1% |
1 - 2% |
1 - 1.5% |
GyanDhan provides a customized documents list for Auxilo education loans, which depends on your profile, your co-applicant profile, and any property/asset, you may offer as collateral.
Identity proof: PAN/ Passport/ Driver’s License/ Voter ID card or government-issued identification document.
Education loan application form.
Address proof: recent copy of telephone bill/ electricity bill/water bill/ piped gas bill/ driving license/ Aadhaar card.
Passport.
Past academic record. 10th standard mark sheet 12th standard mark sheet Undergraduate result (semester-wise)
10th standard mark sheet
12th standard mark sheet
Undergraduate result (semester-wise)
Entrance exam results (e.g. GMAT, GRE, TOEFL, etc.)
Proof of admission: admission letter (A conditional admission letter is also applicable).
Statement of expenses.
Identity proof: PAN/ Passport/ Driver’s license/ Voter ID card or government-issued identification document.
Address: recent copy of telephone bill/ electricity bill/water bill/ piped gas bill or copy of passport/ driving license/ Aadhaar card.
2 passport-size photographs.
Bank account statement of the co-borrower/guarantor, for the last 6 months (in case of takeover of education loan).
Salary slips for the last 3 months
Copy of Form 16 of the last 2 years or copy
Bank account statement for the last 6 months (Salary account)
Brief statement of assets & liabilities of parent/ guardian/ other co-borrower
Business address proof
Last 2 years IT returns (If IT Payee)
TDS certificate (Form 16A, if applicable)
Certificate of qualification (for C.A./ doctor and other professionals)
Brief statement of assets & liabilities of parent/ guardian/ other co-borrower
Bank account statement for the last 6 months
Applying for an education loan from Auxilo is a simple online process that can be done through their website. However, for a smoother and stress-free application experience, you can consider applying for your education loan via GyanDhan. GyanDhan is an online platform that aims to help Indian students fund their overseas education. By choosing us, you can have your education loan approved in four easy steps.
To get in touch with Auxilo's customer support team, you have several options:
Send a detailed email tocustomercare@auxilo.com with information about your profile. Their team will review your email and respond accordingly.
Go to the Auxilo website (https://www.auxilo.com/) and go to the "Contact Us" section. Fill out the online application form with your details, and Auxilo will assess your profile and take the process further.
Visit the nearest Auxilo branch in your city or locality. The staff at the branch will provide assistance regarding education loans, the application process, required documents, and other relevant information. Auxilo has its head office in Mumbai and other offices across various cities in India, including Chennai, Delhi, Bengaluru, Hyderabad, Ahmedabad, and Pune.
If you're seeking an education loan for studying abroad through Auxilo but want to avoid the hassle of visiting physical branches and dealing with complicated application forms, you have the option to apply for an education loan through GyanDhan, an education financing platform that specializes in helping students secure funding for their higher education abroad. By applying via GyanDhan, you'll benefit from a convenient solution. Once you meet the eligibility criteria, our dedicated counselors will thoroughly assess your profile and recommend the most suitable lenders to meet your specific loan requirements. Throughout the loan process, our counselors will provide guidance and support, being readily available to address any concerns or challenges you may encounter. To check your eligibility here.
GyanDhan aims to provide you with the most competitive education loan in the market. We strive to bring you the best deal available. If you come across a better offer, we will cover the difference in interest rates for the entire duration of your education loan.
At GyanDhan, we work closely within multiple departments at Auxilo to ensure that our student loan applicants receive loan approval in a speedy manner - typically within just 5-7 days. This prompt service is one of the reasons why students choose to entrust their loan requests with us year after year. On the other hand, if a student chooses to apply for a loan directly through the NBFC, the standard processing time is usually around 10-12 days.
GyanDhan’s services for applicants are absolutely free. We do not charge a single penny from applicants.
In case of any hurdles regarding documentation or application, GyanDhan intervenes and resolves the problem by coordinating with the officials at Auxilo.
With GyanDhan's online document upload feature, you can easily submit the necessary documents required for your loan application from the convenience of your own home, eliminating the need to physically visit the NBFC for document submission. In addition, we will keep you informed of each step of the loan approval process by sending you timely notifications.
| Feature | With GyanDhan | Without GyanDhan |
|---|---|---|
|
Personalized document checklist according to profile & area |
Yes |
No |
|
Branch visits |
0 |
3-4 |
|
Pre-visa disbursements |
Easy |
Difficult |
Empowering students to overcome education loan obstacles
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