Education finance company Auxilo Finserve has launched Auxilo GlobalEd, a student loan designed for those aspiring to pursue higher education overseas. The loan aims to provide financial support as well as logistical assistance to make the study-abroad journey smoother for students and their families, according to an official release.
The company stated that its GlobalEd loan is structured to cover a broad range of expenses typically associated with international education. These include tuition fees, accommodation, travel costs, living expenses, and even the purchase of a laptop.
“We understand the challenges that students and parents undergo while pursuing admission in international universities. To enable a seamless transition, we have introduced Auxilo GlobalEd, so that students can focus on their academic journey without distraction” Shweta Guru, CBO, Overseas Education, Auxilo Finserve, said.
Quick approvals to speed up process
To make the application process more efficient, Auxilo claims to have introduced fast-track loan approvals, promising sanction within three days. This is intended to help students avoid delays during their admission and visa processes.
In addition to financial assistance, Auxilo also has partnered with a network of third-party service providers to offer end-to-end support. This includes help with luggage purchases, flight ticket bookings, international SIM cards, and post-arrival services in the destination country, as per the release.
Expanded global reach
With the launch of GlobalEd, the company claims to have increased its service reach to 25 countries, adding five new destinations to its existing network. This broader coverage is expected to benefit students looking for diverse educational opportunities across the globe, the release noted.
“We are witnessing a steady uptake for universities in Germany, Ireland, Singapore, UAE, Spain, and Italy, though USA, UK, Canada and Australia remain the top 4 preferred destinations by Indian students,” Guru added.