Auxilo Education Loan

✓ Up to 60 lacs of Education Loan

✓ With Pre-Visa Loan disbursement

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Auxilo finserve private limited do not cap education loan limits to a certain amount and finance up to 100% of the loan amount. They offer customized education loans depending on the applicant’s profile. The Auxilo education loan rate of interest starts at 11.5%. Keep reading further to know more about the Auxilo Education Loan process.

Overview of Auxilo Student Loans

  • Auxilo education loan for studying abroad 
  • Auxilo education loan for studying in India 
  • Auxilo education loan for MBA 

This video has everything you need to know about the Auxilo Loan for studying abroad, including schemes, loan amounts, interest rates, and processing fees. It also provides exclusive information from their circulars that you won't find online.

Auxilo Education Loan To Study Abroad

Loan Parameter Details
Loan Limit Upto 60 lacs
A higher amount can also be offered is the applicants loan profile is strong
Expenses covered - College/ hostel fee
- Library, Laboratory and Examination fees
- Charges for books, equipment, uniforms, instruments
- Caution deposit 
- Cost of Computer/ Laptop
- Insurance premium for the applicant 
- other miscellaneous charges 
Accepted co-applicant parents/parents-in-law, siblings, spouse, brother-in-law, parent's siblings, first cousins 
Auxilo Education loan interest rate/rate of interest Starts from 11.5%
Moratorium Period Course duration plus 1-year
Repayment Duration Upto 10 years 
Repayment policies Partial interest payment during the moratorium period 
Auxilo Education Loan Eligibility Criteria

Student must:
- Be 18 years old or above 
- Be an Indian citizen 
- Have admission in the preferred university before disbursement of the loan amount by Auxilo 

Co-applicant Eligibility
- Must be a citizen of India, with earnings in India
- Must be a parent, legal guardian, sibling, or a blood relative of the applicant
- Must have a functioning bank account in India with cheque writing abilities 
- The primary debtor would be the co-applicant  

Accepted collateral 

Real estate properties, Life insurance policies, Fixed deposits, NSC, KVP, NSS

*on going through with WeMakeScholars 


Auxilo Education Loan For Studying In India

Loan Parameter Details 
Loan Limit Upto 60 lacs
If the students loan profile is strong, a higher loan amount can also be offered
Expenses covered - Fee for the college tuition 
- Hostel charges 
- Costs for textbooks, Stationery, instruments, and uniforms.
- Caution deposit as asked by the college
- Cost of computer or Laptop 
- The applicant's insurance premium 
- Costs of miscellaneous expenses 
Accepted co-applicant Parents, spouse, siblings, parents-in-law, brother-in-law, first cousin
Auxilo Education loan interest rate/rate of interest Starts from 11.5%
Moratorium Period Duration of the course 1-year 
Repayment Duration Upto 10 years 
Repayment policies Partial interest payment during the moratorium period 
Eligibility Criteria

Eligibility for the students
- The student has to be at least 18 or older 
- Students must be a citizen of India.
- Before the loan money is disbursed by Auxilo, you must be accepted into your selected university.
- The co-applicant must work in India to qualify.

Eligibility for the co-applicants
- The co-applicant must be an Indian citizen
- Must be the applicant's parent, guardian, sibling, or blood-related.
- Must be able to write checks and have a working bank account in India.
- The co-applicant would be the principal debtor.

Accepted collateral

KVP, Real estate properties, NSS, Fixed deposits, NSC, life insurance policies 

Pro tip: If a student has already paid the university fee, they can ask their financial officer to talk to the bank's staff about getting the amount reimbursed (if you paid the fee within 6 months).

Auxilo Education Loan For MBA

Loan Parameter Details
Loan Limit 100% loan coverage is offered 
Expenses covered - College or hostel expenses 
- Fees for textbooks, supplies, uniforms, and instruments
- Caution deposit 
- Computer/laptop cost 
- The applicant's insurance fee 
- Other miscellaneous expenses
Accepted co-applicant Parents, spouse, siblings, parents-in-law, brother-in-law, first cousin
Auxilo Education loan interest rate/rate of interest Starts from 11.5%
Moratorium Period Duration of the course 1-year 
Repayment Duration Upto 10 years 
Repayment policies Partial interest payment during the moratorium period 
Eligibility Criteria

Eligibility for the students:
- The age of the applicant must be 18 or older 
- The applicant must be a resident Indian citizen
- The student must be admitted to the preferred university before disbursement of the amount.

- The co-applicant must work in India to qualify.

Eligibility for the co-applicants:
- The co-signer must be a resident citizen of India.
- the co-applicant must be the Parent, Sibling, Guardian, or be related to the applicant by blood 
The co-applicant must work in India:
- Must have an active bank account with cheque-writing authorities.
- The co-applicant should be the principal debtor.

Accepted collateral Property- real estate, FDs, Life insurance policies, KVP, NSC,  NSS
Don't wait to take the first step to the start of your dream career - check your eligibility for an education loan

Auxilo Education Loan Eligibility Criteria

To be considered for an Auxilo Education Loan,

The Applicant:

  • Must be a citizen of India
  • Must be at least 18 years of age
  • Should have received admission from one or more universities abroad

The Co-Applicant:

  • Should be a blood relative of the applicant
  • Should be in active service
  • Should be earning taxable income

Auxilo Processing Fee

Auxilo finserve private limited generally charges 1% of the total loan amount sanctioned as processing fees. but it can go as low as 0.5% on going through with WeMakeScholars depending on your case.

Our services are provided to you without any cost at WeMakeScholars. We don't charge any processing fees for our services, and this is made possible by the fact that our organization is supported by the Ministry of IT, Government of India as part of the Digital India campaign, which allows us to offer our services for free to students seeking scholarships and other forms of financial aid.

Documents Required For Auxilo Education Loan

Parameter Details
Basic documents for Applicant (student), co-applicant, and Guarantor
  1. The Auxilo  Education Loan form, filled in 
  2. PAN card as proof of identity. (Passport if the applicant is moving overseas)
  3. Any of the following as proof of residence:
  • Voter ID/ Aadhar card/ electricity bill/ ration card/ bank account statement/ telephone bill
Note: If the permanent address and the applicant's current address are not the same two different proofs are needed. 
  • Bank account statement for the last 6 months (Personal/ Salary). For co-applicant, it should show the salary credits if salaried or 1 yr business transactions if self-employed.
  • Personal Asset & Liability Statement (assessed by the branch professional)
All the documentation must be attested by self.
Applicant’s academic documents 1. Mark sheets of 10th, 12th, and undergraduate/ degree.
2. Evidence of enrollment into the course. 
3. The fee system of the program or course  (i20 for the USA if available)
4. Scorecard of GRE, IELTS, or GMAT 
5. University Ranking print-out form 


Income documents of the co-borrower 

If the co-borrower is Salaried:
1 latest salary slips for the last 3 months.
2. Form 16 of the last 2 yrs. 
3. Identity proof/ ID card of the Employer
4. ITR filed for the last two years 
If the co-borrower is Self-employed:
1. Income tax return of last three years 
2. Balance sheet and Profit & Loss account for the last 3 years (Only in case the co-applicant is self-employed) 
3. Business address proof



Other Documents

1. A letter evidencing that the extra expenses/leftover expenses will be borne by the co-applicant.
2. A check for the processing fee of Rs. 11,800/- 
Optional documents (only for collateral loans)
  1. Cheques to the lawyer fees and evaluator fees (in case they were done by the bank)
  2. Affidavit of the collateral property owner (on a stamp paper of 20 Rs or 100 Rs). 
Note: If the property has more than one owner more than 1 owner then each of them has to get an affidavit - format


Additional docs 

1. An invoice for travel reimbursement or devices such as a laptop if a loan is being asked for it.
2. If any advance payments were made their receipts would be required.
3. All statements from pending loans if any (for 1 year) 
4. A Letter explaining gaps if any on Rs.100 stamp paper.
5. A letter explaining the lack of ITRs of the co-applicant if not filed properly.

By creating a personalized document list that considers your individual profile and needs we can assist you in saving time and avoiding enrollment issues or delays.

Stop stressing about the paperwork and let us take care of it with our customized document checklist

Auxilo Loan Insurance

Auxilo mandates taking loan insurance and offers loan insurance which amounts to up to 1-2% of the sanctioned loan amount. When faced with an unprecedented situation the burden of paying the loan doesn't fall on the parents or the co-applicant by taking loan insurance.


Education Loan Interest Subsidy Schemes

Under these interest subsidy schemes, the interest rate accumulated during the moratorium period is paid by the government of India. The moratorium period in Auxilo lasts for one year after the duration of the course.

Padho Pardesh

To be eligible for the interest subsidy scheme the student must: 

  • Be a part of a religious minority  (Christian, Zoroastrian, Muslim, Jain, Buddhist, or Sikh) and have a family income of 6 Lakhs.
  • This scheme is applicable to students pursuing higher education abroad.

Note: From April 1, 2022, the Padho Pardesh scheme has been discontinued and will no longer be applicable. But, the preexisting beneficiaries as of March 31, 2022, will keep receiving the interest subsidy during the loan's term and moratorium period.

Central scheme for interest subsidy for economically weaker sections

To be eligible for this interest subsidy scheme the student must:

  • Have a gross family income of fewer than 4.5 Lakhs 
  • This scheme is applicable for the students pursuing higher education in India 

The Dr. Ambedkar Central Sector Scheme

To be eligible for this scheme the student must:

  • Be part of the OBC or EBC groups and have a gross family income of fewer than 8 Lakhs.
  • This scheme is applicable to students pursuing higher education in India 

How to apply for an Education Loan from Auxilo?

Auxilo’s online application procedure via WeMakeScholars

Step 1: Make a request for a call back from our team 

Step 2:  A financial officer from our team here at WemakeScholars will reach out to check your eligibility. Provide them with the required information. 

Step 3: After an analysis of your profile, your financial officer will provide you with a list of lenders you are eligible to get a loan. Make a choice from the provided lenders 

Step 4: After which you’ll be provided with a link to WeMakeScholars secure document portal.

Step 5: You will be logged in as soon as you are done submitting your documents to the portal. You will find out the result of your application submission within 2-6 days if it’s a private bank and 15-20 days if it’s a public bank.

Step 6: You will be asked to sign the loan agreement and be provided with your auxilo education loan sanction letter.

Issues while applying to the lender directly

  • When you approach the lender directly, the entire process of acquiring the loan becomes a lot more complicated than it needs to be. 
  • The lenders seldom explain the process of a loan application, leaving the students feeling confused and misinformed 
  • Students are generally not equipped with the skills to negotiate for a lower rate of interest.
  • In most cases, post-sanction assistance is not provided to the applicants by the lenders 

Benefits of going through with WeMakeScholars

  • Transparency: The WeMakeScholars staff offers 24/7 comprehensive customer assistance for any questions you may have.
  • Cashback: A cashback of Rs.3000 is provided by us on the first disbursement of the loan amount. This is given to you as a gift for supporting the Digital India initiative by sanctioning your loan with us.
  • Fastest processing time: After your file has been logged in by us, we make sure to get the loan sanctioned within 21 working days for public banks and a week for private banks and NBFCs. Reducing the sanction time by half.
  • Technologically advanced: With WeMakeScholars you get to skip all the hassle and avail advantage of applying for your education loan from the comfort of your own home. 
Stop worrying about finances and start focusing on your education - take a hold of your future today by applying for an education loan

Why And How To Transfer Your Loan To Auxilo

Why transfer your loan to Auxilo?

  • Auxilo offers competitive interest rates on your existing loan and also the new loan you are about to take
  • Auxilo also offers flexible loan repayment options so that you can plan your finances according to your needs
  • The option of multiple co-borrowers/ co-applicants is offered to applicable students
  • Multicity cases are also handled well here 

How to transfer your loan to Auxilo?

Step 1: Click on the request a callback button to talk to one of our financial officers

Step 2: Meanwhile, collect the details of the loan you want to get transferred.

Step 3: Discuss the details of the loan and that you want to get it transferred to Auxilo

Step 4: You will be given a list of documents to be submitted. Submit them to auxilo.

Step 5: Your loan will be transferred to Auxilo

If you need help transferring your loan, our financial officers are available to provide guidance and answer any questions.

Get more value for your money with WMS with the automatic 0.5% ROI reduction offered by us

EMI Calculation As Per Auxilo Education Loan Interest Rate

Given below are the four parameters needed to calculate EMI as per auxilo’s rate of interest.

  • The total loan amount sanctioned
  • The Grace period
  • The fee structure is broken down semester-wise
  • The simple and compound interest charged on the loan
  • Total loan amount

Head on to the WeMakeScholars education loan EMI calculator for the most accurate prediction of your payment schedule. At WeMakeScholars, we understand that managing finances can be overwhelming, which is why we strive to provide our users with helpful tools and resources like the Education Loan EMI Calculator to simplify the process.

Auxilo Repayment Process

The moratorium period provided in Auxilo is one year after the duration of the course. i.e., duration of the Course + 1 year

If you apply for a loan of 26.5 Lakhs at an interest rate of 8.5% p.a., with a loan repayment of 12 years, your schedule of repayment might look something like this

Repayment cycle  EMI Interest portion Principal portion Loan Outstanding
End of 1st year 35308 21499 13809 3021295
End of 2nd year 35308 20278 15030 2847751
End of 3rd year 35308 18950 16359 2658868
End of 4th year 35308 17504 17804 2453288
End of 5th year 35308 15930 19378 2229538
End of 6th year 35308 14217 21091 1986009
End of 7th year 35308 12353 22955 1720956
End of 8th year 35308 10324 24984 1432473
End of 9th year 35308 8115 27193 1118492
End of 10th year  35308 5712 29596 776758
End of 11th year 35308 3096 32212 404817
End of 12th year 35308 248 35060

Our team is here to provide you with guidance and support every step of the way, from ensuring that all the necessary paperwork is completed accurately and on time, to helping you coordinate with the bank or financial institution to ensure timely disbursal of the loan amount.

Our post-sanction assistance can help you avoid unnecessary delays in loan disbursement

Education Loan FAQs

  • Does Auxilo provide a pre-admission loan?

    Yes, Auxilo does provide pre-admission education loans on the basis of the applicant’s profile. This is very helpful as it acts as proof of funds which are required for the processing of student visa

  • Is Auxilo an NBFC?

    Yes, Auxilo finserve pvt. ltd is a Non-Banking Financial Company(NBFC), registered with the Reserve Bank of India (RBI).

  • Does Auxilo offer education loans without a loan margin?

    Yes, Auxilo finserve pvt. ltd finances up to 100% of the loan amount required by the student and does not require a loan margin.

  • Can my legal guardian be my co-applicant?

    Yes, your legal guardian can act as a co-applicant or co-signer required for your education loan.

  • Can I get an Auxilo education loan without collateral?

    Auxilo offers both secured and unsecured education loans for students wanting to pursue higher education overseas.


Auxilo Finserve Pvt Ltd Raises ₹470 Crores in Latest Funding Round

Leading Non-Banking Finance Corporations  (NBFC) Auxilo Finserve Private Limited has successfully raised ₹470 crores in primary equity capital funding. The investment was led by Tata Capital Growth Fund II, Trifecta Leaders Fund - I, and Xponentia Opportunities Fund - II, along with existing shareholder ICICI Bank Limited. The completion of the transaction is subject to regulatory approvals.

Established in 2017, Auxilo Finserve specializes in education finance, providing loans for students in India and overseas, as well as financing for educational institutions. The company has supported over 7,500 students across 900+ universities in 25 countries and financed more than 150 educational institutes.

Neeraj Saxena, MD & CEO of Auxilo Finserve, expressed excitement about the funding, which will fuel growth by expanding the loan base and offering innovative financial solutions. The company aims to enhance product offerings and technological capabilities to meet customer needs.

The funds will strengthen Auxilo's position in the NBFC sector and create sustainable value. The company operates in seven key Indian cities with over 250 employees.

Auxilo's mission is to support Indian students in pursuing quality education globally. Recently, the company partnered with the National Skill Development Corporation (NSDC) for a new offering on skill development courses.

Last Updated - 26/07/2023