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Pursuing higher education abroad opens doors to world-class universities, however, the financial demands of international education can be troublesome. An Auxilo education loan to study abroad provides a reliable solution, offering customised financial support to help you achieve your academic goals without stress.
This blog explores all about Auxilo education loans to study abroad, how Auxilo’s education loans work, their benefits, eligibility criteria, application process, and repayment options, empowering you to make informed decisions for your global education journey.
This Blog Includes:
- Why Choose an Auxilo Education Loan to Study Abroad?
- Key Features of the Auxilo Education Loan to Study Abroad
- Eligibility Criteria for the Auxilo Education Loan to Study Abroad
- How to Apply for an Auxilo Education Loan to Study Abroad
- Documents Needed for the Auxilo Education Loan
- Benefits of Choosing an Auxilo Education Loan to Study Abroad
- Repayment Process and Tips for Managing the Auxilo Loan
- FAQs on Auxilo Education Loan to Study Abroad
Why Choose an Auxilo Education Loan to Study Abroad?
Financing overseas education requires a lender that understands the unique needs of students heading to international universities. Auxilo Finserve Pvt. Ltd., a leading Non-Banking Financial Company (NBFC) founded in 2017, specialises in education loans to study abroad.
With a focus on flexibility, transparency, and comprehensive coverage, the Auxilo education loan to study abroad stands out as a trusted partner for your academic aspirations.
- Comprehensive Coverage: Covers tuition fees, living expenses, travel costs, and other education-related expenses.
- Customised Loan Options: Loans are structured based on your academic profile, course, and destination country.
- Fast Processing: The Auxilo education loan process typically occurs within 2–5 working days, ensuring timely funding.
- No Margin Money: Offers 100% financing, reducing the need for personal contributions.
- Flexible Repayment: Options like partial interest payments during the moratorium period ease financial burdens.
Also Read: Cheapest Education Loan in India
Key Features of the Auxilo Education Loan to Study Abroad
Understanding the features of an Auxilo education loan to study abroad helps you evaluate its suitability for your needs. Auxilo designs its loans to cover a wide range of expenses and offers terms that align with the financial realities of studying overseas.
Auxilo provide maximum education loans for abroad studies. Below are the standout features that make the Auxilo education loan to study abroad a preferred choice.
Loan Amounts and Coverage
Auxilo provides substantial loan amounts to meet the high costs of international education. Whether you’re studying in the USA, Canada, or Germany, the Auxilo education loan covers essential expenses, ensuring you can focus on your studies.
| Country | Unsecured Loan Limit | Secured Loan Limit |
| USA | Up to INR 65 Lakh | No upper limit |
| UK, Germany, Canada | Up to INR 35 Lakh | No upper limit |
| Australia | Up to INR 45 Lakh | No upper limit |
| Other Countries | Varies based on costs | No upper limit |
- Expenses Covered:
- Tuition and hostel fees
- Examination, library, and laboratory fees
- Travel and living expenses
- Books, equipment, and laptops (if required)
- Insurance premiums for the student
Interest Rates of the Auxilo Education Loan
The cost of borrowing is a critical factor when choosing an education loan. Auxilo education loan to study abroad offers competitive interest rates and transparent fee structures to keep your loan affordable.
- Interest Rates: Typically range from 10.25% to 14%, depending on the applicant’s profile, course, and university ranking.
- Special Offers: Lower interest rates (around 10.5%) for students opting to pay full EMI during the moratorium period in education loans.
Processing Fees
Auxilo charges a processing fee of 1% of the loan amount + GST (approximately 1.18%), with potential discounts to 0.5% + GST through partners like Abroad Cube.
Moratorium Period and Repayment Flexibility
The moratorium period of the Auxilo education loan to study abroad allows students to defer principal repayments while studying, reducing financial pressure. Auxilo’s flexible repayment options cater to different financial situations.
- Moratorium Period: Course duration + 6 to 12 months after completion or until employment (whichever is earlier).
- Repayment Options:
- Partial simple interest (INR 2,000–INR 10,000 monthly) during the moratorium, auto-debited from the co-applicant’s account.
- Full simple interest or full EMI options, based on co-applicant’s income.
- For bachelor’s degrees, full EMI starts from the first month (no moratorium).
- Loan Tenure: Up to 12 years for unsecured loans to study abroad and 15 years for secured education loans.
Eligibility Criteria for the Auxilo Education Loan to Study Abroad
Qualifying for an Auxilo education loan to study abroad involves meeting specific criteria related to age, citizenship, academic background, and co-applicant requirements. These criteria ensure the loan is accessible to deserving candidates while maintaining financial security for both the borrower and lender.
- Applicant Requirements:
- Minimum age of 18 years at application time.
- Indian citizenship.
- Confirmed admission to an accredited university abroad.
- Impressive academic record, with prerequisite test scores (e.g., GRE, IELTS, TOEFL) where applicable.
- Co-Applicant Requirements:
- Must be an Indian citizen and related to the applicant (sibling, spouse, parent or legal guardian).
- Minimum monthly income of INR 20,000 with valid income proof.
- Good credit history; multi-city co-applicants are accepted.
- Course and Country Eligibility:
- Covers graduate, postgraduate, diploma, and professional courses across countries like Canada, the USA, the UK, Australia, Germany, France, Ireland, and Singapore.
- STEM courses often receive higher loan amounts due to strong employability prospects.
How to Apply for an Auxilo Education Loan to Study Abroad
Applying for an Auxilo education loan to study abroad is a streamlined process designed for efficiency and convenience. With a focus on quick sanctions and minimal paperwork, Auxilo ensures you can secure funding without delays. Follow these steps to apply for your loan and start your study abroad journey with confidence.
- Contact Auxilo or a Partner: Reach out via Auxilo’s website, customer care, or partners like Abroad Cube to understand loan terms.
- Submit Application and Documents: Complete the online application and upload scanned copies of required documents.
- Verification and Customisation: Auxilo verifies your documents and structures the loan based on your profile and needs.
- Finalise Formalities: Submit post-dated cheques (if required) and sign the loan agreement.
- Loan Disbursement: Funds are disbursed to an HSBC account opened by Auxilo or directly to the university.
Documents Needed for the Auxilo Education Loan
A clear document checklist simplifies the application process for the Auxilo education loan to study abroad. Ensure all documents required for the education loan are ready to avoid delays.
| Category | Documents |
| KYC Documents | PAN Card, Aadhaar Card, Passport |
| Academic Records | Mark sheets, admission letter, test scores (GRE, IELTS, TOEFL) |
| Financial Documents | Co-applicant’s income proof, bank statements, ITR (if applicable) |
| Collateral (if any) | Property documents, fixed deposit certificates, and government valuation report |
Benefits of Choosing an Auxilo Education Loan to Study Abroad
An Auxilo education loan to study abroad offers unique advantages that make it a top choice for students. From hassle-free processing to comprehensive financial support, these benefits ensure a smooth academic journey.
- Unsecured Loan Options: Up to INR 65 Lakh without collateral, ideal for students without assets.
- Pre-Visa Disbursement: Funds available before visa application for countries requiring proof of funds.
- Doorstep Service: Auxilo’s team assists with documentation and application at your convenience.
- Forex and Insurance Support: Bundled services like forex cards and student insurance for added convenience.
- Merit-Based Underwriting: Evaluates over 15 parameters, including course popularity and employability, to offer favourable terms.
Also Read: How to Reduce Education Loan Interest Rates? Tips
Repayment Process and Tips for Managing the Auxilo Loan
Repaying an education loan is a significant responsibility, but Auxilo education loan to study abroad flexible options make it manageable. Understanding the repayment process and adopting smart strategies can help you stay on track.
Repayment Structure
The repayment process is designed to align with your career progression, offering flexibility during the early stages.
- During Moratorium: Pay partial or full interest to reduce the principal burden later.
- Post-Moratorium: Full EMI starts 6–12 months after course completion or upon securing a job.
- Early Repayment: No prepayment penalties, allowing you to save on interest by paying off the loan early.
Tips for Smooth Repayment
- Budget Wisely: Plan your finances to cover EMI payments, especially during the initial career phase.
- Leverage Employment: Secure a job during the moratorium to ease the transition to full EMI.
- Communicate with Auxilo: Contact customer care for assistance with repayment adjustments.
- Monitor Credit Score: Timely repayments build a strong credit history, benefiting future financial plans.
An Auxilo education loan is more than just financial support- it’s a gateway to achieving your academic and career aspirations. With comprehensive coverage, competitive interest rates, and a student-centric approach, Auxilo simplifies the journey to global education.
FAQs on Auxilo Education Loan to Study Abroad
An Auxilo education loan to study abroad is specifically designed to support students planning to study abroad. These loans cover expenses such as tuition fees, living costs, travel, and other related expenditures for countries like the USA, UK, Canada, and Australia.
The Auxilo education loan covers tuition fees, accommodation, travel, books, equipment, examination fees, and student insurance, ensuring comprehensive financial support for your overseas education.
Auxilo offers unsecured loans available up to INR 65 Lakh for the USA and secured loans with no upper limit, depending on the country, course, and your financial profile.
For an Auxilo education loan to study abroad, interest rates typically range from 10.25% to 14%, based on factors like your academic profile, course, and university ranking. Discounts may apply for certain repayment options.
To be eligible for an Auxilo education loan to study abroad, applicants must be Indian citizens, at least 18 years old, with confirmed admission to an accredited international university. A co-applicant with a minimum monthly income of INR 20,000 is required.
For an Auxilo education loan, you’ll need KYC documents (PAN, Aadhaar, Passport), academic records (mark sheets, admission letter), co-applicant’s income proof, and collateral documents (if applicable).
Yes, Auxilo offers unsecured loans available up to INR 65 Lakh for eligible applicants, based on the course, country, and financial profile.
During the moratorium period (course duration + 6–12 months), you can pay partial or full interest on Auxilo education loan to study abroad. Full EMI begins post-moratorium, with tenures up to 12–15 years.
Yes, Auxilo provides pre-visa disbursement for countries requiring proof of funds, helping streamline your visa application process.
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