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FundMyCampus: Education Loan Platform
Auxilo Finserve logo
Non-Banking Financial Company

Flexible terms · Quick approval

Auxilo Education Loan

Auxilo Finserve is a niche, education-focused NBFC backed by Tata Capital. Auxilo specialises exclusively in education loans, no auto loans, no personal loans, just student financing, which means their underwriting and customer experience are uniquely tuned to the student journey, including loans for Tier-2/3 universities and skill-based programs.

11.00% to 13.50%

Interest Rate

₹50 Lakhs (₹1 Crore with collateral)

Max Loan

5–7

Approval

10 years post-moratorium

Tenure

At a Glance

Auxilo Finserve logo
Lender Type
NBFC
Max Unsecured
₹50 Lakhs
Max for India
₹40 Lakhs
Max for Abroad
₹50 Lakhs (₹1 Crore with collateral)
Processing Time
5–7 working days
Processing Fee
1% to 1.5% of loan amount + GST
Moratorium
Course duration + 6 months
Est. 2017 · Mumbai

Why Auxilo

Top reasons students choose Auxilo

Education-only NBFC: uniquely tuned to student lending

Most flexible on co-applicant CIBIL: 680+ vs 700+ at peer NBFCs

Funds skill-based programs and bootcamps (Scaler, Masai, etc.)

Lends to Tier-2/3 universities where banks decline

About Auxilo

The complete Auxilo loan guide

Auxilo Finserve is one of India's few education-only NBFCs.

RBI-regulated lender
Section 80E tax benefit
FundMyCampus partner

Quick Facts

Auxilo at a glance

Auxilo Finserve logo

Interest Rate

11.00% to 13.50%

Maximum Loan

₹50 Lakhs (₹1 Crore with collateral)

Repayment Tenure

Up to 10 years post-moratorium

Lender Type

Non-Banking Financial Company

Check Eligibility: Free
Established 2017 · Mumbai

Loan Amounts

How much Auxilo lends

₹40 Lakhs

For India studies

₹50 Lakhs (₹1 Crore with collateral)

For Abroad studies

₹50 Lakhs

Without Collateral

Free in 2 minutes

See your Auxilo eligibility instantly

Get bank-wise approval predictions and rate estimates for your profile.

Step 1

Eligibility Criteria

Quick 2-min check
1
Indian citizen between 18–35 years
2
Confirmed admission to recognised institution in India or abroad
3
Co-applicant required: parent, guardian, spouse, or sibling
4
Co-applicant CIBIL 680+ (more flexible than peer NBFCs)
5
Self-employed co-applicants accepted with 2 years of ITRs
6
No strict academic percentage minimum
7
Acceptance to Auxilo's wide approved institution list
8
Skill-based programs and coding bootcamps also covered

Step 2

Documents Required

4 categories · Keep ready

Identity & KYC

5 items
  • PAN Card (applicant + co-applicant)
  • Aadhaar Card
  • Passport (for abroad)
  • Address proof
  • Photographs

Academic

6 items
  • Class 10 and 12 marksheets
  • Graduation transcripts (if applicable)
  • Entrance exam scores
  • Admission letter
  • Fee structure
  • Visa documents (for abroad)

Co-applicant Financials

4 items
  • 2 years' ITR with computation
  • 3 months' salary slips or bank statements
  • Form 16 (if salaried)
  • GST returns / business proof (self-employed)

Collateral (optional, only above ₹50 L)

2 items
  • Property documents
  • Fixed Deposit certificates

Honest Review

Auxilo pros & cons

What works

Pros

  • Education-only NBFC: uniquely tuned to student journey
  • Most flexible on co-applicant profile: CIBIL 680+ vs 700+ at peer NBFCs
  • Funds skill-based programs, coding bootcamps, certifications (where banks decline)
  • Loans for Tier-2/3 Indian universities and abroad institutions
  • Fast approval: 5–7 working days
  • Backed by Tata Capital: strong institutional backing
  • Lower minimum loan amount: start at ₹50,000 for short skill programs
  • Up to ₹50 Lakhs unsecured for top universities

Watch out

Cons

  • Higher rates than peer NBFCs and banks: 11%–13.50%
  • Lower maximum loan amount than competitors (₹50 L max unsecured)
  • Shorter tenure: 10 years max vs 12–15 at peers
  • Foreclosure penalty of up to 4% within first 18 months
  • No government subsidy compatibility (NBFC limitation)
  • Smaller branch presence than larger NBFCs

Security

Collateral Requirements

Auxilo Finserve offers fully unsecured education loans up to ₹50 Lakhs for premium institutions (both Indian and abroad). For higher amounts up to ₹1 Crore, Auxilo accepts: residential property (LTV 70–80%), commercial property (LTV 55–65%), fixed deposits, LIC endowment policies, and government securities. Auxilo's collateral threshold is lower than Credila or Poonawalla. They're more comfortable lending high amounts unsecured for the right profile but cap the absolute maximum lower. Property valuation is done by Auxilo-empanelled valuers within 7–10 working days. Agricultural land and properties without clear title are not accepted. For most student loan needs (₹15–45 L), Auxilo never requires collateral.

Coverage

Approved Universities

Auxilo Finserve has one of the most inclusive approved institution lists in the NBFC space. They fund students at approximately 5,000+ institutions globally. Unlike NBFCs that focus on premier universities, Auxilo deliberately covers Tier-2 and Tier-3 universities where bank financing is hard to come by. Their list includes: all Indian UGC/AICTE/NMC recognised institutions (covering most colleges, not just premier ones). Top international universities (Ivy League, top US public, Group of Eight, top UK universities). And uniquely, skill-based programs at Coursera/edX (verified MicroMasters), coding bootcamps (Scaler, NIIT, Coding Ninjas, Newton School), and short certification programs from recognised platforms. Auxilo's underwriting on Tier-2 universities and skill programs is enabled by their education-only focus and accumulated data on placement outcomes. For students whose institution isn't on bank or Credila lists, Auxilo is often the lender of last resort, and frequently approves what others decline.

The Process

How Auxilo loan works

From application to disbursement, what to expect.

1

Check eligibility

Use our 2-minute quiz to see if you qualify.

2

Submit application

Upload docs through our portal. We organise for Auxilo.

3

Sanction

Auxilo processes in 5–7 working days. We chase for you.

4

Disbursement

Bank wires fees directly to your institute.

Compare

Auxilo vs Other Lenders

If Auxilo doesn't suit your profile, here are the strongest alternatives.

Avanse Financial logo

Alternative

Avanse Financial

Direct NBFC competitor with similar flexible underwriting and Tier-2 university acceptance. Avanse has higher unsecured limit (₹75 L vs Auxilo's ₹50 L) and longer tenure (12 yrs vs 10 yrs). Choose Avanse for higher amounts. Auxilo for lower CIBIL acceptance (680 vs 700) and skill programs.

Compare for my profile
Credila logo

Alternative

Credila

Largest NBFC with up to ₹1.5 Cr unsecured at slightly lower rates (9.70%–13%). Choose Credila for high-amount loans at top universities. Auxilo for lower amounts at Tier-2 universities or skill programs where Credila might decline.

Compare for my profile
EF

Alternative

Eduvanz Financing

Another education-focused NBFC specifically strong for skill-based programs and bootcamps. Compare with Auxilo if your loan is for a coding bootcamp, certification course, or non-traditional program. Both serve similar segments.

Compare for my profile

Auxilo Education Loan: FAQs

Common questions about taking an education loan from Auxilo Finserve

Auxilo interest rates range from 11.00% to 13.50% per annum. The rate depends on: (1) institution type. Top universities get the lowest rates (11.00%–11.50%), Tier-2 institutions and skill programs 12%–13.50%. (2) co-applicant CIBIL, 700+ qualifies for better rates. (3) loan amount. (4) collateral status. Auxilo rates are floating, linked to their internal benchmark, with quarterly revisions.
Yes. This is one of Auxilo's unique offerings. They lend for: Scaler Academy, Masai School, Newton School, Coding Ninjas, NIIT certifications, Imarticus, INSAID, UpGrad MicroMasters, Coursera Specializations, edX MicroMasters from select institutions, and many other skill-based programs. Loan amounts for these programs typically range from ₹2 L to ₹15 L. Most banks decline these programs. Auxilo and Eduvanz are the main lenders.
Often yes. Auxilo accepts lower CIBIL scores (680+ vs Credila's 700+) and lends to a broader range of institutions including Tier-2/3 universities. Common scenarios where Auxilo approves after Credila declines: (1) co-applicant with marginal CIBIL (680–720). (2) university not on Credila's preferred list. (3) skill-based or short certification programs. (4) co-applicants with informal/agricultural income. The trade-off: Auxilo's rates are higher than Credila's, and the maximum loan amount is lower.
Auxilo's loan range: minimum ₹50,000 (for short skill programs), maximum ₹50 Lakhs unsecured for premium universities. With collateral, up to ₹1 Crore. Average loan disbursed: ₹15–35 L for traditional Master's programs, ₹3–10 L for skill-based programs. Note: Auxilo's ₹50 L unsecured cap is lower than peer NBFCs (Credila ₹1.5 Cr, Avanse ₹75 L), so for very high-amount needs, Credila or Avanse are better.
Yes. Auxilo Finserve is RBI-registered and backed by Tata Capital, providing strong institutional backing. Tata's involvement ensures regulatory compliance and customer protection standards. Founded in 2017 specifically to serve the education loan market, Auxilo has lent to 10,000+ students across India. While newer than some competitors, they're a trusted, well-capitalised lender.
5–7 working days from complete document submission to sanction. Document collection is mostly digital via Auxilo's online portal. Disbursement to institution happens 2–3 days after sanction. Total timeline from application to fee payment at institution: 8–12 working days. This is competitive with the fastest NBFCs in the market.
Yes, but with conditions. After 18 months from repayment start: zero prepayment penalty. Within first 18 months: foreclosure charges of up to 4% on outstanding principal (higher than peer NBFCs). Partial prepayments during moratorium accepted without charges. Strategic prepayment after 18 months can reduce total interest significantly given Auxilo's higher rates.
Yes. Auxilo Finserve is RBI-registered, so interest paid qualifies for full Section 80E income tax deduction. The deduction has no upper limit and applies for up to 8 years from repayment start. For borrowers in the 30% tax bracket, this effectively reduces real interest cost by 25%–30%. Auxilo provides annual Section 80E interest certificates by April 15 each year. Note: the Section 80E deduction is available only under the old tax regime.
Most banks (SBI, ICICI, Axis, HDFC Bank) don't lend for coding bootcamps, short certifications, or non-degree programs. They require UGC/AICTE/NMC recognition. Auxilo (along with Eduvanz and a few other education-NBFCs) fills this gap. They fund Scaler, Masai, Coursera Specializations, Newton School, and similar programs. The rates are higher than bank rates (because risk is different), but for skill programs, Auxilo is often the only option. Alternative: personal loans from banks at 13%–16% rates with no Section 80E benefit, usually worse than Auxilo's 11%–13.50%.
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