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FAQs
Frequently Asked Questions
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You can avail an Education Infrastructure Loan if you are:
A Trust/Society, Private and Public Limited Company running unaided Schools recognized by either State or Central Education Board.
The school has to be operational for at least 3 years before applying for an Education Infrastructure Loan.
You can only avail secured loans from Auxilo.

4 How can I approach Auxilo for a Loan?
Auxilo has a presence in the major locations and spoke locations attached to these main branches. All you have to do is simply approach any of our Location Sales manager, apprise him/her of your needs, and, he/she shall be happy to guide you on the way forward as per your requirements.

5 What all can I avail an Educational Institution Loan for?

One can avail an Educational Institution Loan for:

  • School Loan: Construction of school building for expansion purpose.
  • Infrastructure Loan: Purchase of equipment related to school operations.
  • Land Loan: Purchase of land for school activities.
  • Balance Transfer Loan: Refinancing & balance transfer of existing loans.
  • Education Institute Infrastructure Loan: Renovation work in existing school.

6 What are the tenure options?

Educational Institution Loans range from a minimum of 3 years upto a maximum of 8 years.

7 How long will it take to process the Educational Institution Loan?

Education Infrastructure Loans are processed within 8-10 working days from receiving clear documentation.

8 Do I have to pay login fees?

Auxilo do not charge any login fees like other NBFCs. However, processing fees will be charged once the case in-principle is sanctioned.

9 Do I need a co-borrower/guarantor?

Yes, minimum 51% of the managing team has to be on loan structure. All property owners need to be co-borrowers.

10 Do I have the option of part pre-payment/pre-payment of the entire loan amount?

Yes. One can pre-pay the loan at any time after 6 months from the date of final disbursement of the loan. Foreclosure charges are as applicable.

11 How do I repay the loan?

The repayment of the loan has to be done from operative bank account through NACH.

12 Do I have to pay processing fees?

Yes, once the case is sanctioned only then customer has to pay processing fees.

13 What are the stages involved in availing a School Loan/Construction Loan/Land Loan/Refinance Loan/ Education Infrastructure Loan?

APPLY:
Reach out to us for a detailed loan assessment. Submit the documents and processing fee cheque.

AFFIRM:
Auxilo will carry out a detailed technical, legal and financial due diligence of your proposed project.

ACCEPT:
Auxilo will make you an in-principle financing offer, tailor-made for your specific requirements.

AVAIL:
Your loan gets disbursed and you embark on the road to legacy!

14 Are these loan options available only for schools?

We also lend to applicants who are running Affordable/ K12 schools, Play Schools, Pre Schools & Boarding schools which are private & unaided.

15 Will I have to pay any extra fee during the tenure of the loan?

Charges and penalties such as overdue EMI, cheque bounce, cheque swap, etc. may be payable depending on the instance. We have a list of charges mentioned on our website and the same is updated from time to time.

16 What is the minimum/maximum loan amount that can be availed from Auxilo?

Minimum of Rs 25 lacs and maximum loan amount of Rs 4 crores.

17 What is meant by valuation of property?

The valuation process evaluates the market value of the property. Auxilo would be initiating technical valuation of the property given as a security. A registered valuer will provide market value of the said property.

18 What should I do if the branch I approached has not responded satisfactorily?

Auxilo has a highly dedicated customer friendly team of personnel. Therefore, such a situation is usually imperceptible except that there may very scarcely arise a communication gap. In such cases, you may immediately contact any of the following for expeditious redress of the grievance:
The customer help centre whose address is given on our web-site; Or write to us on customercare@auxilo.com

19 Is there an option under this loan, where I can pay smaller EMIs in the initial years and gradually increase the EMI value?

No, currently we provide only the EMI (Equated Monthly Instalment) method of repayment.