Auxilo Education Loan for Abroad Studies

Auxilo is a very popular NBFC that provides education loans for Indian students who want to pursue their education abroad. They offer secured loans against collateral and unsecured loans of up to ₹1.2 crore for the USA and ₹75 lakh for other countries. Auxilo education loan interest ranges from 10% to 11.50% for secured and unsecured loans as of 2026. This guide covers key features, interest rates, eligible courses, eligibility, documents required, special charges, the application process, processing time, repayment, tips to improve your application, and how Auxilo compares with Avanse, InCred, and Credila.

Education loans at Auxilo are divided into two main types: secured education loans (collateral-based loans) and unsecured education loans (non-collateral-based loans).

Auxilo Education Loan With Collateral: 

To acquire a secured education loan, you are required to pledge an asset, on which Auxilo conducts a valuation (for immovable assets), and then the collateral value is determined. Every bank and NBFC has its own list, which consists of the types of collateral that are accepted. 

Here is the list of acceptable collateral for Auxilo:

1. Movable assets 
2. Fixed deposit 
3. Insurance 
4. Government Bonds
5. Flat
6. House
7. Bungalow 
8. Non-agricultural land
9. Shop

Pro tip - If you have collateral, then choose to approach public banks for your education loan. This way, you can receive a higher loan amount at lower interest rates compared to NBFCs. 

Auxilo Education Loan Without Collateral:

These loans do not require you to pledge any asset. When it comes to collateral-free loans, Auxilo is your go-to option. With quick processing time and diverse unsecured education loan options, Auxilo caters to a wide range of students. These loans are given on the basis of the co-applicant's income, so in order to get a good deal, your co-applicant's income profile has to be really good. 

Maximum Loan Amount:

Auxilo education loan without collateral can go up to ₹1.2 crore for the USA and up to ₹75 lakh for other countries. For a secured loan, the amount depends entirely on the value of the collateral you pledge; there's no fixed upper limit for secured loans. The final sanctioned loan amount always depends on your profile, which includes the applicant’s profile, co-applicant’s income, and credit history. 

Interest rates at Auxilo can start as low as 10% for secured loans. For unsecured loans, interest rates are decided based on the country you choose, the course you opt for, and your university's ranking. For the USA, interest rates can start from 10.25% to 11.50%, and for non-USA countries, interest starts at 11% and then goes up. 

Auxilo also has different interest rates for students opting for STEM or Management courses; this is mainly because of their higher employability and better return on investment factors. You can learn more about the Auxilo education loan interest rate below.

Note - The interest rates mentioned are indicative and subject to change. The final interest rate also depends on individual profiles and the bank’s discretion. 

Insider tip - Students opting for STEM or Management or going for top universities in the USA have been observed to get better benefits when going for an unsecured education loan.

If you have a sanction letter from any other bank/NBFC with an interest rate of more than 10%. WeMakeScholars can get you a better deal under ‘Beat the Deal’. Do note that this interest rate varies case by case for individual profiles.

Auxilo funds a wide range of programmes for students who plan to pursue their higher education abroad. Here is the list of eligible courses funded by Auxilo : 

• STEM courses: Science, Technology, Engineering, Mathematics.

• Management courses such as MBA and related courses.

• Postgraduate courses and postgraduate diplomas.

• Law, public policy, and humanities streams (accepted only in limited cases)

• UG and UG diploma courses are difficult to fund but can be possible if the financial co-applicant is making more than ₹12 lakh per annum and the EMI starts right after you take the first disbursal.

• Passion courses such as theology, pastry making, tailoring, and pathway courses are not eligible for an education loan under Auxilo.

• MBBS is not accepted.

Note - Generally, loans for UG and UG diplomas are not given by Auxilo. However, if you choose WeMakeScholars, you can get a deviation only if you meet the financial requirements.

Eligibility criteria for acquiring an education loan from Auxilo are divided into two types: applicant eligibility and co-applicant eligibility. Here is the total breakdown of all the required information you need to know before you start your loan process.

Applicant Requirement - 

1. Must be over the age of 18 and less than 35 years old.
2. Should be an Indian Resident.
3. Must maintain a good academic record and qualify in the required course examination (GRE, GMAT, IELTS, TOEFL, etc)
4. Must have an admission letter from the chosen university (not required for loan application, needed for getting a disbursal)

Co-applicant Requirements - 

For both secured and unsecured education loans, a strong co-applicant profile is necessary. Here are some of the requirements for the co-applicant.

1. Who can be a co-applicant - Parents, guardian, siblings, spouse, or other blood relative. 
2. Who can be a financial co-applicant (If applicable) - Parents, parents-in-law, siblings, brother-in-law, parents' siblings, first cousins.
3. Financial requirements - Should have a great credit score; must have a regular, documented income. 
4. Other requirements - Should be an Indian resident, must have an active Indian Bank account with cheque-writing facility, and should have all the required documents. 

Auxilo doesn't publicly disclose the full list of parameters it uses to evaluate applications, but factors like university ranking, destination country, course, and the co-applicant's creditworthiness are known to influence approval odds and the final sanctioned amount.

Ensuring that you have all the necessary documents at hand before beginning your application process is very important to make sure that you have an easy time getting your loan processed. Below are a few of the main documents required, but keep in mind that many other documents may be needed as well throughout your loan process.

An Auxilo education loan can cover more than just your tuition fees. Expenses such as tuition fees, examination fees, pre-admission costs, and other course-related expenses are also covered under your Auxilo education loan. Here is a detailed list of all the expenditures covered under your loan. 

Tuition and Examination Fees: The entire course fee charged by the university during your course duration is covered under your education loan. This also includes the examination charges. 

Accommodation and Living Expenditure: Hostel charges, rent, food, and daily living costs are covered under this category.

Travel Expenditure: Your flight and travel costs associated with education will also be covered by Auxilo.

Pre-Admission Costs: Certain expenses incurred before admission, subject to your loan terms, will receive a disbursement. Some of the most common pre-admission costs are counseling charges, admission kits, security deposit, etc. 

Laptop and Digital Devices: These expenses are covered if required for your education and specified by the university.

Other course-related expenditure: Other expenditure directly related to your course may also be considered, depending on Auxilo’s lending and sanction terms.

Pre-Visa Disbursal: Various types of deposits such as a GIC account for Canada, a blocked account for Germany, depositing partial tuition fee for seat confirmation, insurance, etc. are also covered under your Auxilo education loan. 

You can find all the necessary education loan-related charges of Auxilo in the table below. 

*Legal and Valuation charges are added to the processing fee. If opting for an unsecured loan, the processing fee will be comparatively lower.

Note -

1. The interest rates mentioned are indicative and subject to change. The final interest rate also depends on individual profiles and the bank’s discretion.

2. Auxilo provides a special benefit for children of the Indian Defence Forces by offering them zero processing fees on their education loan.

The Auxilo education loan process is completely digital, which makes it a fast and hassle-free option. All communication is carried out via calls and emails. To begin your Auxilo education loan process, you register on the Auxilo page or apply via WeMakeScholars.

Step 1: Start your application process - You are required to submit the necessary documents to begin your loan process, along with details of the university you have opted for. This can include admission dates, course details, admission proof, and other related documents. The final formalities then begin for your loan sanction.   

Step 2: Verification - All the submitted documents are verified along with your admission letter. At this stage, the collateral is added, and the applicant is told whether they require an additional co-applicant or not. Once the verification is completed by Auxilo, your loan structure is created. After which, the final formalities begin for your loan sanction. 

Step 3: Final formalities -  Once you have submitted any additional documents requested along with the cheques, you are presented with your offer letter. After which, your loan account is created, and your loan is ready for disbursal. 

WeMakeScholars’ financial officer assists you in negotiations of the interest rate offered to you by Auxilo and aims to secure the best rate of interest depending on your profile.

You can reach Auxilo directly through their official website and customer helpline for queries, assistance regarding your loan process, or other required information. If you apply via WeMakeScholars, your dedicated financial officer becomes your primary point of contact and navigates you throughout your Auxilo education loan journey. 

Auxilo Education Loan Processing Time - 

Auxilo education loan processing time is usually 4-5 working days once all the necessary documents are submitted. If you opt for the swift education loan process, it can be completed in as little as 24 hours.

Missing papers are the most common cause of delay; hence, the processing time usually starts only after the documents are submitted. Secured loans can take a little longer because the collateral needs legal and technical verification. Your admission letter isn't needed to apply, but you will need it before disbursal.

Tips to Improve Your Auxilo Education Loan Application - 

• Strengthen your co-applicant’s profile - A co-applicant is required for both secured and unsecured education loan processes. The CIBIL score, the income, and repayment history of your co-applicant influence the final rate of interest and sanctioned loan amount that will be offered to you. Hence, a strong co-applicant is very important for a good deal. 

• Documents - Most applications are delayed mainly because of a lack of all the necessary documents. Prior to applying for your education loan, make sure you check the documents checklist presented by Auxilo.

• Consider Collateral - Collateral-based loans reduce the risk associated with repayment; hence, the rate of interest for collateral-based (secured loans) is comparatively lower. 

• Apply Early - Applying early gives you and Auxilo ample time for negotiation, decision-making, and comparison. This gives you more time to complete documentation and compare available loan terms.

Auxilo offers a very flexible and student-friendly education loan repayment structure.

Repayment policy: During the moratorium period (repayment holiday/grace period), Auxilo asks you to pay partial simple interest. The remaining interest that is not paid during the moratorium gets compounded and added to your principal. Once the moratorium ends, full interest and principal repayment begins in the form of EMIs.

Moratorium period: Course duration + up to 1 year. This period is given as a relaxation period for the student to focus on their studies and not on repayment, while the additional 1 year is provided for finding a job and settling in before the EMI begins.

Repayment duration: Auxilo education loan repayment tenure is up to 15 years; this includes the moratorium period.

Auxilo Education Loan EMI: EMI stands for Equated Monthly Instalments; through EMI, the borrower pays back the borrowed amount on a set date every month. It is calculated using the principal loan amount, monthly interest rate, and the decided loan repayment tenure.

This section is dedicated to understanding the advantages and disadvantages of Auxilo.

Pros of Auxilo

• Pre-Visa Disbursal available 
• Faster processing time
• Completely online process
• Better benefits for unsecured loans
  

Cons of Auxilo

• Age restriction: applicants over the age of 35 are not accepted
• Limited course options
• Loans not given for undergraduate and MBBS
• NBFCs do not prefer co-applicants who are retired or are going to retire in the next 3 years from the date of loan application. 

Auxilo is a strong option for students who want a quick, collateral-free education loan. It offers up to ₹1.2 crore for the USA, no education loan margin money, and no prepayment/foreclosure charges. Your approval odds and interest rate depend heavily on your co-applicant's profile, the course you choose, and the university you apply for, so prepare for these factors before you apply.
Applying via WeMakeScholars not only gets you post-sanction and pre-visa disbursal support but also negotiates your interest rate offered by Auxilo to make sure you get the best deal.