Auxilo
Dreaming education loan?
Achieve it with Auxilo!
Process
- Connect
Arrange a call with an executive by filling the required details. - Get Started
Prepare the list of documents provided by the executive. - Complete
The loan can be availed after verification and confirmation.
When should I go for a loan?
Before Admission to;
- Smoothen your visa process
- Eligibility check and better planning
- Higher acceptance of sanction letter over solvency one
Documents required for education loans are?
- Finalized application form
- Photograph and Photo ID
- Residence and Admission proof
- Academic documents
- Rooted property documents
- Bank statement along with Income proof of co-applicant
Why is collateral security needed?
A mortgage in the form of a fixed deposit or property is needed to cater to the interest of
both parties.
In case the borrowers fail to repay the entire amount, the lender can liquidate the mortgage
to get hold of the differentiated amount
Do Work-Experienced personnel get any benefit?
Definitely! It leaves a positive impact and might be benefitted at the time of sanction.
What sort of expenses are covered under the loan?
Apart from complete education costs including tuition fees, living expenses along with some traveling expenses, books, and periodicals are covered under the loan.
What factors affect the approval of an education loan?
Determinants such as;
- Academic background
- Course and University applied for
- Presence and type of security/collateral
- The work profile of the guarantor/co-borrower