The depreciating rupee is expected to slightly increase the average ticket size of overseas education loans, but it is unlikely to deter students from pursuing higher education abroad, Shweta Guru, chief business officer at Auxilo Finserve, said.
“At most, we will see a 4%-5% rise in Auxilo’s current average loan amount of ₹40 lakh per student. Despite that, we are confident that students will continue applying for overseas higher education opportunities,” Guru said.
The education finance lender is set to expand its footprint across India. Currently, Andhra Pradesh and Telangana contribute 35% of the company’s sanctioned loans, while Maharashtra and Delhi account for 20% each. Auxilo operates approximately 14 branches across Gujarat and plans to launch offices in Rajkot, Jamnagar, Bhavnagar, and Baroda soon.
Auxilo recently secured $30 million in funding from LeapFrog Investments and existing backers Trifecta Leaders Fund-1 and Xponentia Opportunities Fund-2. The company’s assets under management (AUM) stand at around ₹3,604 crore.
Industry reports highlight that 1.3 million Indian students travelled abroad for higher education in 2024, a significant rise compared to 0.75 million students in the corresponding year. Students from tier-II and tier-III cities are also increasingly seeking education loans for studying abroad, with approximately 35% of applicants hailing from these regions.
“With unsecured loans gaining prominence, we expect increased borrower confidence in overseas education financing,” Guru stated.
Auxilo has disbursed collateral-free education loans to over 12,000 students so far. Popular courses among Indian students include Masters in Information Systems, Business Administration, Business Analytics, and Data Science, among others.