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The Auxilo Study Abroad Loan is a product designed specifically for Indian students who want to pursue higher studies at top universities around the world, without letting finances hold them back.
As an RBI-registered NBFC (Non-Banking Financial Company), Auxilo Finserve Pvt. Ltd. brings a structured and student-friendly approach to study abroad education loan financing.
The lender uses a multi-parameter assessment model that evaluates over 15 factors across the applicant and co-applicant profiles, meaning your loan offer is genuinely tailored to your situation rather than based on a rigid checklist.
The Auxilo Overseas Education Loan is built around a simple idea: your educational goals should not wait for paperwork. Here is what makes this lender stand out among Indian NBFC options.
Helping students worldwide choose top universities and secure their dream admits.
Trusted by students in 9+ countries to secure funds for their dreams
Access a fully customized study abroad education loan tailored to your profile, course, and destination country. Get up to 100% financing with no margin money requirement.
Understanding the eligibility for an education loan for abroad is the first step before applying. Auxilo follows a transparent eligibility framework.
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Explore the best loan options, check your eligibility in 2 minutes, and review financing options suited to your needs
The Auxilo Overseas Education Loan takes a comprehensive approach to education financing.
Explore the best loan options, check your eligibility in 2 minutes, and review financing options suited to your needs
Having your documents ready significantly speeds up your Auxilo Study Abroad Loan approval.
Your Path to an Education Loan: Fast, Easy, Guided.
Use our free tool to quickly check your eligibility and view personalized loan options.
Our dedicated loan counselors are ready to guide you through the process and answer all your questions.
Easily upload your documents and complete the required forms to kickstart your application.
Our team works hard to help you secure the best interest rates and maximize your loan amount.
Once approved, you’ll get your sanction letter and the lender will disburse your funds promptly.
The Auxilo Overseas Education Loan currently supports Indian students across the following countries.
Applying for your Auxilo Study Abroad Loan through Nomad Credit gives you more than just a loan. Here is how we add value at every step.
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Disclaimer: Terms and conditions of loans provided by lenders, including interest rates and eligibility requirements, are subject to change based on the borrower’s profile, educational institution, and country of study. Interest rates mentioned are indicative and subject to Auxilo Finserve Pvt. Ltd.’s current Base Lending Rate and applicable spread. Terms and conditions set by lenders are final and determined without Nomad Credit’s involvement.
As I was heading for MBA at Columbia, I got in touch with Nomad team regarding the financing. They were super helpful and always approachable. This involved sitting with me on calls as I fill forms, helping with US cosigner doubts, helping me process all the applications. I highly recommend them!!
I’m really grateful to Nomad team for all the help and support. From the very first step, they were always just a call away. Thanks to them, the whole process felt so much smoother and less stressful. I’d happily recommend them. They truly go above and beyond for the people they works with!
I got in touch with Anchal regarding financing options as I head for an MBA at Stanford. She helped me get to know about all the available options with utmost patience. In the end, I was able to get a highly competitive interest rate with her help, which turned out to be the best option available in the market!
Ganesh was my case manager at Nomad Credit. He helped me secure 2 student loans, 1 for each year of my MBA at UCLA Anderson. It is not always straight forward for international students to get student loans in the US, but Ganesh walked me through the whole process step by step, making it as stress free as possible. Highly recommended!
Nomad Team helped me get the best possible option for my financing needs. They made sure that I got the most updated and consistent information to make the right decision towards the most important aspect of my studies i.e. money management. They were always there to help me and have a great attitude towards helping others.
Working with your team was an incredibly smooth and reassuring experience. A special shoutout to Karan and Deepesh, who truly went above and beyond at every stage and making sure everything was on track despite tight timelines. I’m genuinely grateful to have had such a supportive team by my side, I couldn’t have done it without you!
Since, I was doing this for the first time, I had a lot of questions. The team very patiently answered all my queries and consistently supported me from filling-up my application to document verification until I had received my loan confirmation. Overall, I really appreciate Nomad’s help in navigating me through my loan application process.
Your unwavering support, particularly in navigating the challenge of securing a loan without collateral, has been truly remarkable. Special thanks to Shweta ma’am. Your service and commitment to helping students like me achieve their dreams have made a profound impact, and for that, I am deeply thankful.
I’m incredibly grateful to Poonam and the entire Nomad Team for their outstanding support throughout. Their guidance was clear, timely, and tailored to my specific needs. I highly recommend them to anyone pursuing international education. They’re knowledgeable, professional, and genuinely invested in your success.
Thanks Sulekha & Nomad Credit for assisting me throughout. You also helped me boost my confidence personally in the entire process. I am grateful, you were there to resolve my every doubt regarding visa interview questions and any query I had. At the end, thanks once again for helping me achieve F-1 visa for the USA.
Your exceptional guidance made my master’s application process smooth and stress-free. You were always available and willing to answer my queries with patience and clarity. I highly recommend Nomad to anyone seeking professional guidance for their higher education journey.
The auxilo education loan interest rate starts at approximately 11% per annum and typically ranges from 11% to 14% depending on your academic profile, chosen country, university ranking, and co-applicant's financial strength. The rate is floating and calculated as Auxilo's Base Lending Rate plus a spread.
Students can access up to INR 50 Lakhs through an unsecured loan for study abroad and up to INR 1 Crore through a secured loan. For the USA specifically, the unsecured limit goes up to INR 1 Crore. For the UK, Germany, Ireland, and Canada, the unsecured cap is INR 40 Lakhs, and for Australia it is INR 60 Lakhs.
Yes, Auxilo offers an unsecured education loan for abroad for eligible students going to most covered destinations. Collateral may be required in specific cases involving lower academic scores, higher loan amounts, or riskier credit profiles. The decision is based on a multi-parameter evaluation of the student and co-applicant.
Yes, unlike some international lenders, the Auxilo Study Abroad Loan requires a co-borrower who is an earning Indian citizen. This co-borrower becomes the primary debtor and can be a parent, sibling, spouse, or any close relative. Auxilo does accept multiple co-applicants if the primary co-applicant's income alone does not meet the threshold.
The repayment tenure for an Auxilo Study Abroad Loan is up to 12 years for unsecured loans and up to 15 years for secured loans. Repayment of the principal begins six months after course completion or when the student finds employment, whichever comes first. During the study period, partial simple interest payments of typically INR 2,000 to INR 10,000 per month are required.
For students applying for an Auxilo Loan for Study in the USA, the education loan usa interest rate follows the same floating rate structure of approximately 11% to 14% per annum. GRE scores play a significant role in the credit assessment for US-bound applications and can influence the final rate offered.
The typical processing time for an Auxilo Overseas Education Loan is 3 to 5 working days from submission of complete documentation. The sanction letter is generally released within 24 hours of the processing fee payment.
As an NBFC, Auxilo education loans are generally not eligible for tax benefits under Section 80E of the Income Tax Act, unlike loans from scheduled banks. Students and families are advised to confirm this with their tax advisor before applying.
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