Auxilo Finserve is a non-banking financial company (NBFC) that provides customized education loans for students pursuing higher education in India and abroad, covering 100% of educational expenses without requiring collateral. By utilizing a merit-based evaluation system, Auxilo addresses the financing gaps in the Indian education sector, enabling over 12,000 students to achieve their academic aspirations across 1,100 universities in 25 countries.
Funding
$100.8M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
DFounders
Product
Problem
Many students in India lack access to adequate financial resources for higher education, both domestically and internationally. Traditional loan options often require collateral, excluding students from lower-income backgrounds or those without tangible assets. This creates a barrier to educational opportunities and limits access to skilled talent.
Solution
Auxilo Finserve provides education loans tailored to students pursuing higher education in India and abroad, covering up to 100% of educational expenses. Unlike traditional lenders, Auxilo utilizes a merit-based evaluation system, reducing the reliance on collateral and expanding access to financing. The company offers customized loan solutions, pre-admission loans, pre-visa disbursement, and flexible repayment options. Auxilo aims to bridge the financing gap in the education sector, enabling students to achieve their academic aspirations across a wide range of universities and countries.
Target Audience
The primary target audience includes Indian students seeking financial assistance for higher education in India or abroad, as well as educational institutions seeking funding.
Features
- 100% financing of educational expenses, including tuition, living costs, and other related fees.
- Merit-based evaluation system that considers the student's academic profile and the potential of the chosen course.
- Pre-admission loan options to help students secure their place in universities.
- Pre-visa disbursement to cover expenses related to visa applications.
- Customized loan solutions tailored to individual student needs and circumstances.
- Flexible repayment options to ease the financial burden on students after graduation.
- Fast loan sanctions and transparent processes.