Auxilo Finserve Pvt. Ltd. is a specialized education-focused NBFC in India, offering tailored education loans for students pursuing higher studies in India and abroad. Designed to cover the full cost of education, Auxilo loans typically finance tuition fees, living expenses, travel, exam fees, and other related costs. With flexible repayment options, long tenures, and both secured and unsecured loan offerings, Auxilo aims to make quality education accessible by aligning loan structures with a student’s academic profile and future earning potential.

Eligibility Criteria for Auxilo Education Loan

Here are the general eligibility requirements commonly applied when applying for an Auxilo Education Loan:

1. Student / Primary Applicant Criteria

• Must be an Indian citizen.
• Must be at least 18 years old at the time of application.
• Must have confirmed admission (offer/acceptance letter) from a recognized university or institute (in India or abroad) before disbursement.
• Should maintain a good academic record (minimum marks and, where applicable, language or entrance exam scores such as GRE, IELTS, or TOEFL).

2. Co-applicant / Co-borrower Criteria

• Auxilo usually requires a co-applicant (typically a parent, guardian, or financially capable relative).
• Must be an Indian citizen with a regular income and good credit history.
• Must have an active Indian bank account (often with cheque-writing facility).
• Acts as the primary debtor in the loan documentation process.

3. Course / Institute Requirements

• The course must be recognized or offered by an accredited institute or university.
• Auxilo covers a wide range of programs, including degree, diploma, certificate, technical, and professional courses.

4. Collateral (Optional)

• Some loans—especially higher loan amounts—may require collateral or security such as property or fixed deposits.
• Unsecured education loan options are also available, based on the applicant’s credit profile and eligibility factors.

How to Apply for an Auxilo Education Loan via PayStudy

PayStudy acts as an education-loan facilitation partner, helping students apply for and process Auxilo education loans smoothly with end-to-end support

• Step 1: Register with PaySTUDY
  • Visit the PayStudy platform or connect with a PayStudy counsellor.
  • Share basic details such as:
  • Course & country of study
  • University / institute name
  • Estimated education cost
  • Student & co-applicant details
• Step 2: Free Profile Evaluation
  • PayStudy evaluates your academic profile, co-applicant income, credit score, and funding requirement.
  • Based on your profile, PayStudy confirms eligibility for Auxilo Education Loan (secured or unsecured).
• Step 3: Document Collection & Verification
  • Submit required documents through PayStudy (digital or physical):
  • KYC documents (student & co-applicant)
  • Academic records & admission letter
  • Income & bank documents of co-applicant
  • Collateral documents (if applicable)
  • PaySTUDY checks documents for accuracy to avoid rejection or delays.
• Step 4: Loan Application Submission to Auxilo
  • PayStudy submits your complete loan application to Auxilo Finserve Pvt. Ltd.
  • Dedicated PayStudy relationship managers coordinate directly with Auxilo on your behalf.
• Step 5: Loan Assessment & Sanction
  • Auxilo reviews the application and conducts credit & risk assessment.
  • Upon approval, a Loan Sanction Letter is issued.
  • Sanction letter can be used for:
  • University confirmation
  • Visa & proof-of-funds requirement
• Step 6: Agreement Signing & Disbursement
  • Sign the loan agreement and required legal documents.
  • Loan amount is disbursed directly to the university or as per Auxilo’s disbursement policy.
  • Disbursement may be done in stages (semester-wise).

Benefits of Applying Through Paystudy

• Higher approval chances due to correct lender mapping
• Faster processing & fewer documentation errors
• Support for pre-visa / pre-admission sanction
• End-to-end assistance till disbursement

The “PayStudy Effect” on Auxilo Education Loans

The term “PayStudy Effect” describes how PayStudy’s platform influences Auxilo education loans in the following key ways:

1. Increased Accessibility of Auxilo Loans

• Students who might not directly approach Auxilo can discover its loan offerings through PayStudy’s aggregated comparison platform.
• PayStudy simplifies the capture of student profiles, enabling Auxilo to reach a broader pool of applicants beyond direct outreach.

2. Faster, Transparent Processing

• PayStudy’s digital onboarding and document upload process helps reduce delays compared to traditional loan applications.
• Real-time eligibility checks and application tracking keep students informed throughout the Auxilo approval process.

3. Competitive Positioning

• By displaying multiple lenders side by side, PayStudy encourages Auxilo to remain competitive in interest rates, tenure flexibility, and loan terms.
• This market exposure helps Auxilo refine its offerings to stand out against other financing options.

4. Digital Customer Experience

• Auxilo benefits from PayStudy’s student-focused digital journey—from application to disbursement.
• This improves adoption among tech-savvy students while reducing application friction.