lender_profile // auxilo-finance

Auxilo Finance Education Loan

Auxilo Finance is a nbfc on the Path Navigator education-loan panel, funding overseas and domestic study with both secured and collateral-free lines.

type
NBFC
secured rate
11.5% – 12%
unsecured rate
10.25% – 13.5%
max secured
₹50 L
max unsecured
₹1.20 Cr
rating
4.1
key_terms
  • Secured interest band 11.5%–12% with sanctions up to the collateral value
  • Unsecured band 10.25%–13.5% for eligible profiles
  • Processing fee 1% – 2% + GST, margin money Nil
  • Moratorium: Course + 12 months — repay after the course plus grace period
eligibility
  • · Indian citizen (or eligible NRI) with a confirmed or conditional admit
  • · Co-applicant with a stable income and healthy CIBIL score (700+ preferred)
  • · Course must be a recognised full-time programme at an approved institution
  • · Applicant age typically 18–35 at the time of sanction
documents
  • · KYC of applicant and co-applicant (PAN, Aadhaar, address proof)
  • · Academic records: 10th, 12th, degree marksheets and certificates
  • · Test scores (IELTS / TOEFL / PTE / GRE / GMAT)
  • · Admission or conditional offer letter with fee structure
  • · Co-applicant income proof: 3 years ITR, 6 months bank statement, salary slips
  • · Collateral papers where a secured loan is applied for
processing fee
1% – 2% + GST
margin money
Nil
moratorium
Course + 12 months
sanction time
5–10 working days from complete file
expenses_covered
Tuition and university feesLiving expenses and accommodationAirfare and travelLaptop, books and study materialHealth insurance and exam/visa fees

Co-applicant requirement: Parent, sibling, spouse or close relative. Indicative bands published by the lender; the final offer depends on profile, collateral and co-applicant credit.

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