Auxilo
call 1800 123 289456 user Login
open

Reach Out To Us

  1. Home
  3. Frequently Asked Questions
Got A Question? Get Answers Right Here!

FAQ Hub: Everything You Need

search
The September admission cycle is highly favored by students from India due to its alignment with the conclusion of India's academic year, making it a strategic period to transition into overseas education. This cycle not only opens doors to a plethora controlled array of programs but also integrates seamlessly with the principal intake period in Canadian education, offering benefits such as scholarship opportunities and a vibrant campus life, enriching the overall academic journey.
You may contact your Customer Experience Manager (CEM) to understand the foreclosure amount, process, and applicable charges, or alternatively raise a request with customer care.
The candidate applying for the education loan must be a resident of India. He/she must have confirmed admission to recognized educational institutes in India. The candidate's age must fall within the bracket of 18 to 35 years during loan application. He/she must undergo a graduate/postgraduate degree or a PG diploma. The applicant should have secured admission to a college or university affiliated with University Grants Commission (UGC)/All India Council for Technical Education (AICTE)/Govt. etc. Students pursuing full-time courses need a co-applicant who can be either a parent/guardian or spouse/parent-in-law (in the case of married candidates). The co-applicant must have a regular income source. A strong academic record facilitates speedy loan approval.
Yes, you can work while studying in the US. You may be eligible to apply for an Optional Practical Training (OPT) work permit, which allows you to work in the US for up to one year after you complete your degree. You may also be eligible for an H-1B visa, which allows you to work in the US for up to three years after completing your degree.
1. Review Your Finances: Before planning your student loan repayment, it is essential to review your finances. Take a look at your income, expenses, debts, and savings. This will give you a better understanding of where you stand financially and how much money you have available for loan repayment.2. Calculate Your Debt-to-Income Ratio: Your debt-to-income ratio is the total debt you have divided by your total income. This ratio gives you an idea of how much of your income is going to debt repayment.3. Estimate Your Loan Repayment Amount: Once you have your debt-to-income ratio, you can estimate how much you can afford to pay on your student loans each month. Consider setting aside a certain percentage of your monthly income for loan repayment.4. Research Repayment Options: There are several different repayment options available for student loans. Research each option to find the one that best fits your financial situation. You can find a repayment plan with a lower monthly payment or a shorter repayment term.
Typically, an education loan is available to students who are enrolled in an accredited college or university, or a vocational or trade school. Eligibility for an education loan may also depend on the student's/Co-applicant's credit history, income, and other financial factors. Some loans may have additional requirements, such as being an Indian citizen or permanent resident, or being enrolled in a specific program or field of study.
Yes, Auxilo provides a dedicated relationship manager to each customer for personalized professional assistance.
The loan can be utilized for numerous purposes such as improving infrastructure, procuring advanced equipment, financing staff development, expanding course offerings, and facilitating digital transformation.
Yes, Auxilo's School & College Loans can be used for purchasing land for future campus expansion. This facilitates long-term growth and caters to the changing needs of both students and educators.
Auxilo offers a diverse range of collateral options for securing your loan, providing both flexibility and convenience. Collaterals can include the institution's land and buildings, residential buildings, open plots, commercial spaces, and more, catering to your unique requirements.
Auxilo offers a diverse range of collateral options for securing your loan, providing both flexibility and convenience. Collaterals can include the institution's land and buildings residential buildings, open plots, commercial spaces, and more catering to your unique requirements.
While availing of educational loans to study in India collateral may be required for some loan options, but unsecured loan options are available where no collateral is required, with us.
A: Yes, you may require a co-applicant for your loan. The inclusion of a co-applicant provides the lender with an added layer of security and helps mitigate the risk associated with the loan. The lender will typically assess the creditworthiness and financial stability of the co-applicant as part of the loan approval process.
With the cost of education, while studying abroad is continually on the rise and the limited availability of financial assistance or scholarship aid, higher education funding can be very challenging. At Auxilo, we understand this and hence offer a Pre-admission Education Loan, basis the preparatory exams scores and student's strength or credit worthiness of the applicant/s (parents/guardian/co-borrower/borrower). A student can use this to present the same as proof of funds while applying for admissions to different universities/institutes.In fact, with an Auxilo Pre-admission Education Loan, an applicant can strengthen his/her case for admission, including the choice of course.
At Auxilo, we understand every play school has unique financial needs. That's why we offer loans ranging from 15 to 20 lakh to fulfill your institution's specific requirements.
Job prospects for Indian students after completing their studies in New Zealand will depend on the field of study and the individual's qualifications and experience. Students who have completed a degree in a high-demand field such as engineering, information technology, or accounting may have better job prospects. Additionally, students who have completed internships or other work experience while studying may also have an advantage when seeking employment. Additionally, Indian students with a degree from New Zealand are also eligible to apply for a post-study work visa, which allows them to work in New Zealand for up to 3 years after completing their studies, which can help them gain valuable work experience and increase their chances of finding a job in the long run.
Auxilo provides a dedicated manager to guide you throughout the loan process. This dedicated relationship manager helps you understand the steps involved, assisting with documentation, and offering clarity on repayment terms.
No, we maintain a policy of full transparency. There are no hidden charges, and all fees related to the loan can be found in our Schedule of Fees & Charges.
You will need approximately between CAD 7,000 and CAD 35,000 a year. The range of approximate cost of study in Canada for Indian students would be INR 3,50,000 to 19,00,000 a year. This amount varies depending on the type of course that you opt for.
The placement record of MBA colleges in India varies depending on the institute and the program. However, most top MBA colleges in India have a good placement record, with many of their graduates getting recruited by top companies in India and abroad.

Reach Out To Us

In case you didn't find your question answered above, feel free to reach out to us using the form below and we will get back to you with a response.
Auxilo Finserve Pvt. Ltd. is an NBFC registered with the Reserve Bank of India.

FAQ | Contact Us | Terms and Conditions | Terms of use | Benchmark Lending Rate | Fair Practice & Code | Customer Grievances | Ombudsman Scheme | Sachet Portal | Privacy Policy | Cookie Policy | Customer Information Center

*Conditions Apply. All loans are subject to approval and credit terms of Auxilo Finserve Pvt. Ltd.