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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.
We need your pan number to know your credit history and process your education loan application faster. Your data will be safe with us.
Yes, Auxilo's Loans to Vocational Colleges can be utilized for purchasing cutting-edge equipment and tools, enabling institutions to provide practical, hands-on education that prepares students for industry-specific careers.
An education loan typically covers expenses related to higher education such as tuition, room and board, books, and other related costs. Some education loans may also cover other expenses such as a computer or transportation. The specifics of what is covered in an education loan can vary depending on the lender and the loan program. It's important to carefully read the terms and conditions of any loan you are considering to ensure that it covers the expenses you need it to.
The repayment method of an education loan typically depends on the lender. Most lenders offer various repayment options, including fixed monthly payments, interest-only payments, and deferred payments. Some lenders may also offer income-based repayment plans, which allow borrowers to make payments based on their income.
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.
You can work towards building your credit score by improving your debt to credit ratio. You should avoid applying for too many loans within a short span of time as lenders could view that as risky behaviour. Whenever possible, repay your dues on time and you can improve your credit score and report.
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.
The following documents are required to avail an education loan for an MBA: 1. Loan application form duly filled and signed by the student or Digital Form Submission 2. KYC documents of the student and co-applicant, if any. 3. Proof of income of the co-applicant, if any. 4. Mark sheets and certificates of 10th and 12th standard examinations. 5. Admission letter from the institute. 6. Proof of admission fee, course fee and other related expenses. 7. Collateral security documents, if applicable. 8. Bank statements of the student and coapplicant, if any, for the last 6 months. 9. A detailed study report of the course. 10. Recent passport-sized photographs of the student or Selfie if student using Digital Journey.
Auxilo offers a flexible repayment tenure of up to 10 years for its Loans to Vocational Colleges.
Absolutely! Auxilo's School & College Loans can be used to innovate your educational offerings, initiating new, high-tech academically enriching programs, and funding research projects.
Auxilo allows Indian students various repayment strategies, including the option to defer the principal amount until after graduation. The service may offer minimal interest payments while students are still in school to ease financial burdens during their studies in Italy.
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.
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 accepts multiple and multi-city co-applicants. If the eligibility of the primary co-applicant does not fit the Education Loan eligibility, he/she can add more co-applicants. We support multi-city co-applicants as well.
Your parents, siblings, spouse, parents-in-law, first blood relatives, legal guardians, to name a few.
Your co-applicant can be your parents, siblings, parent-in-law, or spouse.
One can avail an Educational Infrastructure Loan for 1. School Loan: Construction of school building for expansion purpose. 2. Infrastructure Loan: Purchase of equipment related to school operations. 3. Land Loan: Purchase of land for school activities.
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.

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