Auxilo Education Loan to Study Abroad: Interest Rates, Repayment Tenure, & Application
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In this article
- Auxilo Education Loans Overview
- Auxilo Education Loans Interest Rates
- What are the Eligibility Criteria for an Auxilo Education Loan?
- Documents Required for an Auxilo Education Loan
- Repayment Process for Auxilo Education Loans
- Conclusion: Apply for an Auxilo Education Loan
- Frequently Asked Questions
| Interest Rate | Moratorium Period | Margin Money |
| 15.10% + Spread | Course years + 6 – 12 months | 0% |
Auxilo is an Indian NBFC working to empower Indian citizens through education. Its abroad education loans are offered in 1400+ universities across 25 countries, including the UK, the USA, Australia, New Zealand, and Europe. An Auxilo education loan can cover up to 100% of your educational and living costs abroad.
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Auxilo Education Loans Overview
Auxilo education loans offer score-based benefits to meritorious students, such as interest concessions. If your document review is successful, the loan processing time is typically 3 – 5 business days.
| Maximum Loan Amount | Up to INR 40 Lakhs without collateral No cap with collateral |
| Interest Rates | 15.10% + Spread |
| Margin Money | 0% |
| Processing Fee | 2% of the loan amount |
| Moratorium Period | Course years + 6 – 12 months |
| Repayment Period | Up to 10 years |
Auxilo Education Loans Interest Rates
Auxilo interest rates are competitive and lower than those of international lenders.
Interest Rate = Auxilo Base Rate + Spread.
Auxilo’s current Base Lending Rate is 15.10%. The Spread rate changes with individuals based on course selection and profile credit reports.
The interest rate on Auxilo student loans is floating. The interest rates are calculated in Simple Interest, and monthly repayment will be required. Remember, Auxilo education loan interest rates are subject to revisions by Auxilo Finserv Pvt. Ltd.
What are the Eligibility Criteria for an Auxilo Education Loan?
Students who get admission abroad can apply for Auxilo education loans with a cosigner guarantee. The cosigner must have a minimum income specified by the lender and should not have existing loan dues.
Student
- Be an Indian citizen, 18 years old or above.
- Have a confirmed admission abroad before Auxilo disburses the education loan.
- Have a co-signer in India.
Co-borrower
- Be an Indian citizen and could be a parent, sibling, legal guardian, or relative of the student.
- Have a bank account with cheque writing facilities in any bank in India.
- The co-borrower must be ready to be the primary debtor.
Documents Required for an Auxilo Education Loan
The documentation part of your Auxilo education loan application must be completed without errors. Make a checklist of documents before you start the application to avoid the chances of a last-minute delay.
| PAN Card | KYC Document – Valid Passport, Voter Identity Card, Driving License, NREGA Card, or Aadhaar Card |
| Self-attested photograph | Utility bill, property tax, pension statement, or other approved documents if your KYC has no updated address |
Repayment Process for Auxilo Education Loans
Auxilo education loans offer up to a 10-year repayment period, including your course years.
- Auxilo education loan repayment is commenced
- Generally, 10 years is the repayment period
- Like other NBFCs, InCred education loans are not eligible for tax benefits under Section 80 E of the Income Tax Act
Conclusion: Apply for an Auxilo Education Loan
Auxilo education loans have a comparatively easier application process than education loans from a bank. Meritorious students can get up to INR 40 Lakhs without collateral. Ensure you meet the eligibility criteria and have the specified documents to complete the application process without any hassles.
Check your education loan eligibility for Auxilo education loans! Connect with Nomad Credit for free guidance on profile evaluation, loan application, and documentation. Take advantage of the opportunity – connect with us today!
Frequently Asked Questions
What is the maximum amount of an Auxilo education loan?
There is no cap for Auxilo education loans with collateral. The maximum loan amount depends on your country and course choices. Without collateral, the maximum loan amount is up to INR 40 Lakhs.
Can you negotiate an Auxilo education loan interest loan?
You can negotiate with Auxilo on your abroad education loan interest rate. If your academic and financial profiles are strong, you get better interest rates from Auxilo.
Do you get extended repayment tenure for an Auxilo education loan?
You can negotiate with Auxilo to extend or shorten your education loan repayment tenure. Typically, Auxilo education loans have a repayment period of 10 years.
Can students from any part of India apply for Auxilo education loans?
Students from anywhere in India can apply for a no-collateral education loan from Auxilo. However, collateral loans have geographic limitations, as property from all cities is not typically accepted. Connect with Auxilo to learn more about collateral education loans.
Can you get INR 20 Lakhs without collateral from Auxilo?
If you have an earning cosigner and strong academic credentials, you can get INR 20 Lakhs from an Auxilo education loan without collateral. The maximum loan amount without collateral from Auxilo can be up to INR 40 Lakhs.
Who qualifies as a co-applicant for my education loan application?
Your co-applicant can be your parents, siblings, parent-in-law, or spouse.
On what basis is my study abroad education loan evaluated?
Auxilo employs a thorough evaluation process. Factors like university/course popularity and co-applicant’s creditworthiness also shape the eligibility criteria.
aakash.thakkar@www.nomadcredit.com Updated on August 18, 2025
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