Auxilo Bank Education
Loan EMI Calculator

Loan Amount (₹)
Interest Rate (%)
Tenure (Yrs)
EMI
0
OFFERS TAILOR-MADE EDUCATION LOANS FOR EDUCATION IN INDIA, WITH NO UPPER LIMIT OF THE LOAN AMOUNT
Interest
Rate

Loan limit Interest Rate
No Upper Limit 12.70-14.5%
Loan Amount &
Security

Secured Unsecured
No Upper limit No Upper Limit
Charges &
Repayment

Processing fees Upto 2% of the sanction loan amount
Pre-payment charges As applicable or as per RBI guidelines
Late Payment 18% per annum
Repayment period 5 to 7 years
Moratorium period Course Period + 6 to 12 months
Repayment types The accrued interest during the repayment holiday period to be added to the principal and repayment in Equated Monthly Installments (EMI) fixed.
Eligibility
Criteria

  • Borrower must be an Indian Citizen with confirmed admission
  • Co-borrower must be an Indian citizen with income
Key Benefits &
Coverage

Concessions
  • 1% interest concession may be provided for loanees if the interest is serviced during the study period when repayment holiday is specified for interest/ repayment under the scheme.
Margin
  • Nil
Course covered
  • Graduation, post-graduation and professional degree/diploma courses conducted by colleges/universities approved by UGC/AICTE/IMC/Govt. bodies, etc.
  • Degree/diploma courses offered by independent institutions like IIT, IIM etc. that have been approved by Auxilo.
  • Courses offered in India by recognized foreign universities.
  • Vocational training, executive programs and other courses that have been approved by Auxilo.
Expenses covered
  • College fees, hostel charge, books and education related expenses
Required
Documents

Student Co-Borrower
KYC
  • Photo ID
  • Residence Proof
  • Latest Photograph
  • Copy of Visa and Passport (for abroad education)
  • Aadhaar
  • Pan card
  • Latest Photograph
  • residence proof(elctricitybill/telephone bill/house lease agreement/bank statement)
EDUCATION
  • Admit letter from college
  • College fee-breakup and other other expenses
  • Receipt of payment (proofs of payment made)
  • GRE/GMAT/TOEFL/IELTS score card, etc.
  • X, XII and Graduation mark sheet
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INCOME
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  • 6 month bank account statement
  • ITR/Form 16 of last 2 years
  • Income proof( Latest 3 salary slips )
Security
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  • Real Estate Properties
  • LIC Policies
  • Fixed Deposits (FD)
  • NSC, KVP, NSS etc