NBFC quotes move with the profile. Section 80E applies only if the lender is notified.
Features Of Auxilo Abroad Education Loan
Auxilo is a premium pro-education NBFC that focuses on education loans for international students. Auxilo, which was founded in 2017, is still a young firm, but it already has a strong track record of funding students’ international studies.
For Unsecured / Non-Collateral Loan
You are eligible to apply for the Auxilo student loan only if you’ve met the following requirements:
- Borrower must be an Indian citizen
- Co-applicants must be an Indian citizen
- Confirmed admission to the colleges before disbursement
- Co‐applicant(s) may be any of the following relatives, viz Father / Mother / Brother / Sister (married) /Spouse
| Type | Requirement |
|---|---|
| For Secured / Collateral Loan | The following types of collateral are accepted
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Benefits Of Auxilo Study Abroad Loan
- No margin money required
- Up to 100% finance for Course Fee, Living and Other expenses
- Tax benefit under Sec 80E
- Attractive rate of Interest
- No upper limit on loan amount
- Long term loans resulting in easy EMIs
- Flexibility in collateral security requirements
- Loan against property mortgaged with Auxilo
- The loan amount will be disbursed in Indian Rupees
How To Apply for Auxilo Abroad Education Loan through We Fund Your Future and Benefits You are getting?
- Scan the QR Code to apply
- Higher Chance Of Approval
- Online Submission Of Documents
- No Cost To You
- Quicker Sanctions
Documents
| Type | Documents Required |
|---|---|
| Applicant Documents |
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| Co-Applicant Documents |
In case of Salaried Employee (All the following)
In case of Self Employed or Professional (All the following)
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| References |
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| If, Collateral - Immovable Property (Flat, House, Non-Agriculture Land) (All the Relevant Documents from the Following List) |
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Education Loan Repayment for Auxilo Bank
- Minimum loan repayment tenure – 12 months
- Maximum loan repayment tenure – 180 months (including the course duration)
- We also offer a grace period of 6 months from the time you complete the course or a grace period of 3 months from the time you secure your first job.
Questions students ask
What is the maximum loan amount that one could get for overseas studies?
Auxilo supports all those countries that offer a promising future for the Indian student community to look forward to.
Who can apply for an Education Loan from Auxilo?
Any Indian student who wants to pursue higher education in India or abroad.
How much loan can you avail from Auxilo?
The great thing about Auxilo is that there is no higher limit for them. Convince them of your passion to pursue your goals and your overall tuition expenses will be funded by Auxilo.
For all Auxilo Education Loans, is collateral mandatory?
The reply is no. They have attractive unsecured Education Loan products on the basis of the strength of student/co-applicant/s. However if collateral is given, favourable interest rates negotiated solely for collateral-backed loans might be available.