Auxilo Finserv Education Loan EMI Calculator

What is Auxilo Finserv Education Loan EMI calculator?

The Auxilo education loan EMI calculator helps students estimate their monthly loan repayment before applying for a education loan. By entering the loan amount, interest rate, and tenure, borrowers can instantly view the EMI amount, total interest payable, and total repayment amount.

How to use the Auxilo Education Loan EMI Calculator?

Using the Auxilo education loan EMI calculator is simple and beginner-friendly. All you need to do is follow these steps:

• Open the calculator on the Urban Money website. A form will appear asking for the details of your loan
• Enter the required education loan amount
• Select the applicable interest rate
• Choose the preferred repayment tenure
• View the estimated monthly EMI instantly
• Check the total interest payable and total repayment amount, and adjust the loan amount or tenure to compare different repayment scenarios
• Choose an EMI structure that fits your repayment capacity comfortably

Worked EMI example

An education loan EMI is calculated using a standard method that considers the loan amount, applicable interest rate, and repayment tenure. The calculation helps determine a fixed monthly payment that the borrower must repay throughout the loan period.

For example, if a student takes a ₹10 lakh loan at an assumed interest rate for a 10-year tenure, the monthly EMI may be around ₹13,000-₹15,000, depending on the rate offered. The Auxilo education loan EMI calculator automates the calculation instantly, helping borrowers avoid manual calculations and easily compare repayment options.

Auxilo Education Loan Interest Rates

Auxilo education loan interest rates are offered on a floating-rate basis and are linked to the company’s benchmark lending rate. The applicable education loan interest rate varies depending on the student profile, university, course, co-applicant income, and loan type.

Interest rates for Auxilo student education loans

The interest rate for a student education loan at Auxilo is generally offered on a floating basis and may start from around 9% onwards for eligible overseas education profiles. Auxilo’s current Benchmark Lending Rate is 15.10%, and the final rate is calculated by adding an applicable spread. The spread depends on factors such as university ranking, the course’s employability, students’ academic performance, co-applicant income, collateral, and repayment profile. Students may also choose moratorium servicing options, such as partial simple interest or full EMI repayment, after course completion.

Rate structure as a dedicated education NBFC

As an education NBFC, Auxilo follows a risk-based pricing model rather than offering a single fixed rate to all borrowers. The final interest rate is determined by factors such as the applicant’s credit profile, loan amount, repayment tenure, and future earning potential. Unlike traditional banks, Auxilo focuses only on education financing and offers faster processing, flexible eligibility assessment, and customised loan options for studying in India and abroad.

Auxilo Education Loan EMI

The following Auxilo education loan EMI table provides an estimate of monthly repayment amounts for different loan values. These education loan EMI calculations are indicative and assume a common interest rate and repayment tenure for comparison purposes only. The EMI values calculated at an assumed 11% interest rate with a 10-year repayment tenure. Actual EMI amounts may vary depending on the applicable interest rate and loan structure.

Loan Amount	Interest Rate	Tenure	Approx EMI	Total Repayment
₹5 lakh	11% p.a.	10 Years	₹6,900	₹8.3 lakh
₹10 lakh	11% p.a.	10 Years	₹13,800	₹16.6 lakh
₹25 lakh	11% p.a.	10 Years	₹34,500	₹41.5 lakh
₹50 lakh	11% p.a.	10 Years	₹69,000	₹83 lakh

Why choose Auxilo for your education loan?

An Auxilo education loan offers a digital-first application process, faster approvals, flexible funding structures, and student-friendly repayment options. It also provides financing for multiple education-related expenses for studies in India and abroad.

100% online process

Auxilo offers a completely online loan application process with digital document upload and remote verification support. Students can apply, submit documents, and track their application online without visiting a branch, making the process convenient for abroad education applicants.

Quick loan approval timeline

Auxilo provides faster sanction timelines compared to many traditional lenders. Quick approvals can help students meet university admission deadlines and complete visa documentation on time. The lender also offers pre-admission sanction support for eligible applicants.

Coverage of all education expenses

Auxilo education loans cover more than just tuition fees. Students can also receive funding for accommodation, travel expenses, insurance, books, study materials, laptops, examination fees, and other academic or living costs associated with higher education.

Repaying your Auxilo Education Loan

Auxilo offers flexible education loan repayment options with moratorium benefits, multiple interest-servicing choices, and repayment via NACH or auto-debit. Borrowers can choose repayment structures based on their course duration and financial capacity.

EMI structure and repayment tenure

Auxilo education loans generally offer repayment tenures of up to 15 years, depending on the loan profile and course type. Borrowers can choose options such as partial simple interest, full simple interest, or full EMI repayment during the moratorium period. Repayment usually begins after course completion plus the applicable moratorium duration. A longer tenure reduces monthly EMI burden but increases the overall interest payable.

Penalty and bounce charges for missed EMIs

As per Auxilo’s fee structure, cheque, NACH, Pre-EMI, or EMI bounce charges are ₹400 plus applicable taxes for student education loans. Delayed instalments may also attract penal charges of 18% per annum plus taxes.

How to prepay or foreclose your Auxilo Loan?

Borrowers can partially prepay or foreclose their Auxilo education loan through the company’s online payment platform. Auxilo currently specifies a 6-month lock-in period from the first disbursement date for part prepayment or loan closure requests. For student education loans, prepayment charges are generally nil as per company policy and RBI guidelines. Partial prepayments can help reduce the outstanding principal and total interest burden over time.

How to download your Auxilo Interest certificate?

Borrowers can download the Auxilo interest certificate online for tax filing and loan repayment records. The certificate is commonly used when claiming deductions under Section 80E of the Income-tax Act.

• Log in to the Auxilo customer portal or mobile app
• Go to the “Loan Account” or “Statements/Documents” section
• Select the relevant financial year
• Click on “Interest Certificate” or “Download Certificate”
• Save the document for income tax filing and Section 80E claims
• Contact Auxilo customer support if the certificate is not visible in the portal

Tax benefit on Auxilo Education Loan

Borrowers repaying an Auxilo education loan can claim deductions under Section 80E of the Income-tax Act, 1961. The tax benefit applies only to the interest paid on the education loan EMI, not to the principal repayment amount. There is no maximum limit on the amount of interest that can be claimed as a deduction. The deduction is available for up to eight consecutive assessment years starting from the year repayment begins, or until the entire interest is repaid, whichever is earlier. The benefit can be claimed by the student, parent, spouse, or legal guardian if they are the co-borrower and are repaying the loan.

Auxilo vs Avanse vs Propelld: Education NBFC EMI comparison

This education NBFC EMI comparison highlights key differences between major education-focused lenders. In the Auxilo vs Avanse vs Propelld comparison, factors such as interest rates, loan eligibility, repayment flexibility, and study abroad coverage can vary depending on the student’s profile and course type.

Feature	Auxilo	Avanse	Propelld
Interest rate range	Starts from ~9% onwards	Starts from 9.5% onwards	Varies by institute and profile
Maximum loan amount	Up to 100% cost coverage	High-value education loans available	Institute-based financing limits
Processing speed	Fast digital processing	Quick online processing	Instant eligibility checks for select institutes
Collateral requirement	Secured & unsecured options	Secured & unsecured options	Mostly unsecured for partnered institutes
EMI flexibility	Moratorium + flexible repayment options	Customized repayment structures	Flexible no-cost EMI options in select cases
Abroad education coverage	25+ countries supported	Wide abroad education coverage	Primarily India-focused with select abroad programs