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As per RBI guidelines, we need your address as mentioned in your KYC documents for our records.
International students can get a study permit from the Governme-nt of Canada's immigration webpage. Common requirements are accepting letter from a Canadian education institute, financial backup proof, and a valid passport
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.
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.
To calculate your applicable EMIs without using an education loan calculator, you can use the following formula: EMI = P x r x (1+r)^n/((1+r)^n-1) Where: P = Principal loan amount r = Interest rate (annual interest rate divided by 12) n = Number of months for repayment.For example, if you have a loan amount of Rs. 5,00,000 with an interest rate of 12% p.a. and a repayment period of 60 months, your EMI would be:EMI = 500,000 x 0.01 x (1+0.01)^60/((1+0.01)^60-1) = Rs. 11,289. Please note that this is a rough calculation, and the actual EMI may differ slightly depending on the lender's terms and conditions.
Yes, there are a variety of scholarships available for Indian students studying in Singapore. The Singaporean government can offer these scholarships, as can the government of India and Singaporean universities.
This statement reflects Auxilo commitment to supporting all types of educational institutions providing education services from the start of their journey, helping to build strong foundations and foster future growth.
Education businesses can utilize Auxilo's SME loans to acquire essential resources like raw materials, machinery, and advanced equipment, upgrade existing infrastructure to foster a conducive work environment, and manage existing loan liabilities for secure future business growth.
Ideally, you should check your credit score on a quarterly basis. If you've never checked your credit score before, there's no better time than right now. Checking your score helps in two ways. Firstly, it gives you an indication of your financial health and provides you with information on where you can improve your score. And, you can also go through your score and report to check for any fraudulent activity. If you find any incorrect information, you can report it to the bureau.
Yes, OPEX Empowerment Loans from Auxilo can be instrumental in upgrading your education institution's technology. From investing in smart classrooms to computer lab upgrades and robust IT infrastructure, these loans empower institutions to deliver a modern education.
Tax benefits may be available under Section 80E of the Income Tax Act, 1961. It's best to consult a tax professional or the lender for more information.
Step 1: Request your current lender for a foreclosure form. Step 2: Approach a new lender to refinance your existing loan for education. Step 3: Allow the new lender time to complete the paperwork and approve the request.Step 4: Wait for the new lender to provide you with a cheque for your old lender to clear the outstanding amount.
Pan card & Aadhar for KYC, identity and address verifications, employment credentials like Form 16, ITR as per RBI directives. The banking credentials for underwriting and ENACH setup. The loan sponsor/financial co-applicant consent, KYC, banking details as per the course and product.
Yes, the applicant can re-apply for an Auxilo Student Loan. It is important that he/she fulfill all the documentation and required requirements before re-applying to Auxilo.
At Auxilo, we operate distinctively with our unique Triple A Model - Aspirant, Aspiration, Access, forming the heart of our lending methodology. We are dedicated to providing financial access to deserving educators and students with aspirations to excel. Our commitment to innovation, transparency, and deep-rooted understanding of education finance sets us apart. Additionally, our direct collaboration with educational institutions ensures a streamlined process, redefining efficiency and eliminating additional costs. At Auxilo, we're more than a financial provider, we're your devoted partners in making educational dreams come true.
To study in France, Indian students will need to have a valid passport and a student visa, which can be obtained by providing proof of acceptance to a French university and passing a language proficiency test such as the DELF or DALF. They may also need to provide proof of financial support and/or health insurance.
Your credit score gets evaluated based on your: Payment History - Any late payments or bankruptcies could affect your credit score. Amounts Owed - Your debts and credits are evaluated here. If you owe more than your credit limit, it will negatively impact your score. Age of Credit History - Your credit history starts from the first time you start a credit account. A longer credit history will be viewed favourably. New Credit - New credit requests, such as an application for a new credit card can indicate your risk. Multiple credit requests in a short span of time translate to higher risk for lenders. Types of Credit Used - Your credit accounts and the number of instalment-type accounts are checked here. A diverse credit portfolio can benefit your credit score.
Yes, Auxilo's School & College Loans can be utilized to manage short-term financial needs, which may include the hiring of skilled educators, training staff, and enhancing administrative capabilities within your institution.
Auxilo covers tuition fees, examination fees, living expenses, travel expenses, pre-admission costs, any other cost related to the course.
Yes, Auxilo offers bespoke loan refinance solutions to manage existing loan liabilities, paving the way for secure future business growth.

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Auxilo Finserve Pvt. Ltd. is an NBFC registered with the Reserve Bank of India.

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