Auxilo Education Loan Interest Rate 2026 | Student Cover

Auxilo is a registered Non-Banking Financial Institution offering an abroad education loan to students planning to Study Abroad. They provide UnSecured Loan up to ₹1 Crore for the USA, up to ₹40 Lakh for the United Kingdom (UK), Germany, Ireland, and Canada, and up to ₹60 Lakh for Australia. For other Countries, it varies based on the Cost of Education. You will have up to 100% funding for a tenure of up to 12 years. The option of Pre-Visa Disbursement is also available if the applicant requires it. 

Auxilo Education Loan Interest Rate

Eligibility Criteria for Auxilo Education Loan

Auxilo Finserv offers flexible financing options for students pursuing higher education. Its eligibility criteria are clear, based on age, academic performance, co-applicant requirements, and course/country of study. So, if you want to apply online for a student loan from Auxilo, you must adhere to the mandatory criteria and be eligible for the loan.

Age & Other Mandatory Criteria

• The applicant must be at least 18 years old at the time of application.
• The student must have secured admission to a recognized university or institution.

Academic Criteria

Applicants must meet Auxilo's minimum academic criteria and maintain a consistent academic record.

Certain prerequisite tests may be required, such as:

• GRE (Graduate Record Examinations)
• IELTS (International English Language Testing System)
• TOEFL (Test of English as a Foreign Language)

For applicants in the US, a strong GRE score is particularly significant.

Co-Applicant Requirements

A co-applicant is mandatory for the loan application process.

• Eligible co-applicants include:
• Parents (Mother, Father)
• Siblings (Sister, Brother)
• Spouse
• Relatives (Paternal or Maternal)
• Legal Guardian
• The co-applicant must have:
• A stable source of income.
• A good credit history supports the loan application.

Income Proof of Co-Applicant

For the best loan deals, it's essential that your co-borrower provides valid income proof. Without it, securing a higher loan amount becomes challenging. Therefore, it's advisable to ensure that all required documents are submitted accurately.

Here are the following documents needed for the Auxilo education loan:

• Salaried Co-Borrower:
• Copy of Form 16 from the previous 2 years
• Salary bank account details for the past 6 months.
• Salary slip of the past 3 months
• Your co-borrower's statement of assets and liabilities
• Your co-borrower's credit report
• Self-employed Co-applicant:

• Income Tax Returns (ITR) of the past two years
• Qualification certificates (If they are doctors, lawyers, etc.)
• TDS certificate
• Your co-borrowers' address proof or any document to prove the business's physical location.
• Last 6 months' bank account details.
• Co-applicant’s statement of assets and liabilities.
• Credit report to state their clear record

Important Notes

• All your documents must be self-attested, where needed, and original.
• Please submit clear documents for faster loan approval.
• Your university might require you to produce extra documents according to their requirements.

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Documentation Process

When applying for an Auxilo education loan, it is crucial to ensure that you submit the required documents as part of the application process. These documents help us evaluate your eligibility and streamline the approval process. The list of documents required depends on several factors, including your profile, the profile of your co-applicant, and whether any property is being offered as collateral.

To simplify the process, Student Cover provides a customised document list for Auxilo education loans tailored to your situation.

Applicator’s Documents

As the main borrower, you'll need to provide the following documents to complete your education loan application:

• Identity Proof
• Pan Card
• Passport
• Driver’s License
• Voter ID Card
• Any other government-issued identification document
• Education Loan Application Form: This form must be completed accurately and submitted online or in person.
• Address Proof (Any of the following)
• A recent copy of a telephone bill
• A recent copy of an electricity bill
• A recent copy of a water bill
• A recent copy of a piped gas bill
• Adhaar Card
• Driving License
• Passport: A valid passport is required.
• Academic Records:
• 10th Standard Mark Sheet
• 12th Standard Mark Sheet
• Undergraduate Results (semester-wise)
• Entrance Exam Results (if applicable, such as GMAT, GRE, TOEFL, etc.)
• Proof of Admission:
• Admission letter from the university (a conditional admission letter is also acceptable).
• Statement of Expenses: An estimate of the expenses related to your education, including tuition fees, accommodation, books, travel, and other living expenses.

Co-Applicant’s Documents

The co-applicant is vital in securing the loan, especially for non-collateral loans. They must provide the following documents:

• Identity Proof
• Pan Card
• Passport
• Driver’s License
• Voter ID Card
• Any other government-issued identification document
• Address Proof (Any of the following)
• A recent copy of a telephone bill
• A recent copy of an electricity bill
• A recent copy of a water bill
• A recent copy of a piped gas bill
• Copy of Passport
• Adhaar Card
• Driving License
• Photographs:

• Two passport-sized photographs

• Bank Account Statement:

• The last 6 months of the co-applicant/guarantor's bank account statement (this is required for loan takeovers).

Income Proof of Co-Applicant

Depending on whether the co-applicant is salaried or self-employed, different income-proof documents are required:

• For Salaried Co-Applicant/Guarantor:
• Salary slip for the last 3 months
• Copy of form 16 from the previous 2 years
• Bank account statement of the past 6 Months (Salary Account)
• Brief Statement of Assets & Liabilities of the parent/guardian/other co-borrower
• For Self-Employed Co-Applicant/Guarantor:
• Business Address Proof: Documents proving the business’s physical location
• Income Tax Returns (ITR) for the last 2 years (if an income taxpayer)
• TDS Certificate (Form 16A, if applicable)
• Qualification Certificates (for professionals like CA, doctors, etc.)
• Brief Statement of Assets & Liabilities of the parent/guardian/other co-borrower
• Bank Account Statement for the last 6 months

Important Notes

• All documents must be original and self-attested where necessary.
• You may be asked to provide additional documents based on the specific requirements of your loan or the university you're applying to.
• For faster processing, ensure that all documents are clear and legible.

Loan against Immovable Property

When applying for a student loan against property with Auxilo, you must provide the necessary educational and collateral documentation. To secure the loan, a collateral loan involves pledging an asset, such as immovable property, liquid security, or third-party collateral.

Below is the comprehensive list of documents required to process a loan application when you offer property or assets as collateral.

Immovable Property Documents Requirements

If you're offering immovable property (real estate) as collateral, the following documents are required to establish ownership and the value of the property:

• Title Deed: A legal document proving the ownership of the property.
• Registration Documents: Official registration documents verify the property's transfer and ownership history and are sent to the government.
• Property Tax Receipts: Recent receipts confirm that the property taxes are current and the property is free from pending dues.
• Sale Deed (If Applicable): You must provide the deed if the property was recently purchased.
• Encumbrance Certificate: A certificate that ensures no legal liabilities or encumbrances on the property.
• Occupancy Certificate (If Applicable): Issued by the local authority confirming the property's legality and habitability.

Unsecured Auxilo Education Loan

Auxilo, in association with Student Cover, offers education loans for abroad studies without collateral at the lowest ROIs. If you are eligible, you can apply for it. However, you must produce the following documents to prove your credibility.

Documents for the Auxilo Education Loan Without Collateral

• A Guarantor: You must present a guarantor who will pay back your unsecured education loans in case of an emergency.
• Eligibility of a Guarantor: Your guarantor must be your parents, spouse, siblings, or blood relative.
• Relationship Proof: Your relative must prove their relationship with you to receive a student education loan from Auxilo.

Note: Apart from this, you must also produce the above documents to receive the loan amount.

Benefits of Non-Collateral Loans

• No Asset Required: You don’t need to pledge any property or asset as security.
• Quick Processing: Since no collateral is involved, the loan is processed faster, making funds available for urgent educational needs.
• Flexibility: The loan is typically granted based on the financial standing of the co-applicant, making it a flexible option for students without substantial assets.

Benefits of the Auxilo Education Loan Through Student Cover

Applying for a student's education loan from Auxilo, powered by Student Covered, has its benefits. Here are some of the many perks you would receive once you apply through us:

• Education Loans with Zero Stress: Access up to ₹1 Cr. in education loans at competitive interest rates for a seamless international study experience.
• Expert Guidance at Every Step: Benefit from personalized assistance upon student loan application and smoothly fulfill eligibility criteria.
• Customized Loan Options: Apply online for customized student loans to align perfectly with your academic goals, study program, and career plans.
• Exclusive Processing Fee Benefits: Complete the documentation effortlessly and enjoy special discounts on processing fees.
• Transparent and Predictable Journey: Experience 100% clarity throughout the process, from application to disbursement, with no hidden surprises.
• Prompt Loan Disbursal: With expert advisors and flexible tenure options, your funds will be released exactly when required.
• Your Trusted Study Abroad Partner: Join thousands of students who trust Auxilo, through Student Cover, to fulfil their global education dreams.

Conclusion

An education loan is a major financial commitment, and the right guidance can make all the difference. Auxilo’s 2026 offering provides strong funding support with flexible repayment options and unsecured loan facilities for eligible students.

Through Student Cover, you receive personalised assistance, smoother documentation support, and exclusive processing benefits—ensuring a transparent and stress-free loan journey from application to disbursal. With the right structure and expert backing, your study abroad plans move forward with confidence.

FAQs

What is the interest rate for the Auxilo Education Loan in 2026?

The interest rate ranges from 10.50% to 12.25% and is floating.

What is the maximum loan amount available?

Up to ₹1 crore for select countries like the USA, with lower caps for countries such as the UK, Germany, Ireland, Canada, and Australia.

Is collateral required?

No collateral is required for unsecured loans, but a co-applicant is mandatory.

What is the maximum loan tenure?

The loan tenure can go up to 15 years.

What is the moratorium period?

Course duration plus 12 months as a grace period before full EMI repayment.

Does Auxilo provide 100% funding?

Yes, up to 100% of the cost of education, subject to eligibility.

What repayment options are available during the study period?

Students can choose PSI (Partial Simple Interest), SI (Simple Interest), or EMI.

Is a co-applicant compulsory?

Yes. Parents, siblings, spouse, legal guardians, or blood relatives with stable income can act as co-applicants.

Is pre-visa disbursement available?

Yes, pre-visa disbursement is offered if required.

Which courses are covered? Primarily STEM and MBA programs, subject to approval and employability factors.