Auxilo Education Loan

Auxilo Bank Education
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AUXILO EDUCATION LOAN

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	---
INCOME	---	6 month bank account statement ITR/Form 16 of last 2 years Income proof( Latest 3 salary slips )
Security	---	Real Estate Properties LIC Policies Fixed Deposits (FD) NSC, KVP, NSS etc

Mr. Nitish Dubey

Email ID: care@credenc.com

Phone No.: 1800 121 0057

Address: Ground Floor, Building-10, Tower-A, Cyber City, DLF Phase 2, Gurugram, Haryana 122002

Registered Office :

2nd Floor, DLF Centre, Sansad Marg,
New Delhi – 110001

Corporate Office :

Ground Floor, Building-10, Tower-A, Cyber City, DLF Phase 2, Gurugram, Haryana – 122002

CIN No. - U74999DL2017PTC319926

Lender	Name	Interest Rates Offered*	Contact Details	Recovery Practices
	Capital India Finance Limited Link: https://www.capitalindia.com/	10% to 25%	Tele calling by In-house team, followed by field visits from Internal teams (as required)
	Capital India Home Loans Limited	15% to 25%	Tele calling by In-house team, followed by field visits from Internal teams (as required)
	Capital India Home Loans Limited	15% to 25%	Tele calling by In-house team, followed by field visits from Internal teams (as required)
	Capital India Home Loans Limited	15% to 25%	Tele calling by In-house team, followed by field visits from Internal teams (as required)
	Capital India Home Loans Limited	15% to 25%	Tele calling by In-house team, followed by field visits from Internal teams (as required)