ELAN Overseas Education Loans

 Every year, talented and ambitious students set their sights on studying in foreign Universities and gaining access to the best facilities for growth. As options for studying abroad become more diverse, so does the financial background of aspirants. To ensure that students’ dreams are not cut short by financial constraints, the Government of India implements various loan and interest rate subsidy schemes to help make overseas education loans more accessible for a broader population of youth. The government’s initiatives are focused on students from economically disadvantaged backgrounds and marginalized communities By availing themselves of govt education loan schemes and support, students can access overseas education loans that cover the tuition fees and living expenses abroad with reduced interest rates and manageable repayment tenures. In this article, we will explore some government loan schemes that make higher education abroad more accessible for deserving students.  B...

Canada has become a land of dreams for countless Indian students, offering world-class universities, multicultural opportunities, and a pathway to global careers. But while chasing this dream, the financial side of studying abroad often feels like the biggest hurdle. This is where education loans step in, not as obstacles, but as enablers. Among the options, Bank of Maharashtra’s student loan schemes stand out for their flexibility and support to different income groups.  In this article, we’ll explore the key features, eligibility criteria, required documents, and application process of the Bank of Maharashtra Education loan to Study Abroad , especially for Canada. Key Features of Bank of Maharashtra Education Loan for Studying in Canada Here are the key features of the loan offered by Bank of Maharashtra: Key Feature Details Income Criteria The bank accepts all income groups Loan Amount The bank offers secured loans an...

 Many students planning to study abroad get stuck not because of academics, but due to one silent barrier: poor credit scores. It’s a frustrating, often overlooked part of the education loan journey. In India, this three-digit figure can either fast-track your approval or quietly block it altogether.  Understanding how your credit score works and how to boost it is essential, especially when applying for an education loan from banks like Punjab National Bank. This article will guide you through how credit scores function, with specific insights on the education loan CIBIL score . First, let’s break down what this score actually is and why it carries so much weight. What is a Credit Score and How Does it Work in India? A credit score in India is a three-digit number between 300 and 900 that reflects an individual's creditworthiness, indicating how reliably they repay borrowed money. This score is used by banks, non-banking financial companies (NBFCs), and other lenders to decid...

When it comes to pursuing higher education abroad, there is no yellow brick road to follow until one reaches their dream University. In fact, the experience feels like a choose-your-own adventure book where each decision may lead the student to a whole new world. As such, each decision holds weight, from the chosen course and University to how one will finance their journey abroad. As the number of financial lenders with attractive overseas education loan schemes increases, many students fall back on this option, especially from lenders with inclusive schemes like Credila.  Credila, a non-banking financial company (NBFC), offers secured and unsecured education loans to students headed for Master’s and Bachelor’s courses in the USA, the UK, Canada, Australia, Europe, and other countries. Credila education loan to study abroad offer a quick, easy, and transparent loan application and disbursement process for aspiring international students. In this article, let us get a brief idea o...

The Canadian education system is regarded as one of the topmost for research capability, industry-focused teaching style, and a developed economy full of opportunities for talented graduates. Each year, thousands of international students choose Canada as their study destination, especially for an MBA. Among the 23 Canadian educational institutions featured on QS Global MBA Rankings 2025, many offer diverse MBA programs that enhance their practical skills and make them stand out in a competitive business market.  However, studying MBA in Canada takes a significant financial investment. This can be handled with a study loan for Canada , which helps pay for the tuition fees, living expenses, and other expenses in Canada quite easily. In this article, we will understand which lenders in the Indian market offer the best overseas education loans for an MBA in Canada.  Cost to Study MBA in Canada The exact cost of an MBA in Canada can vary based on one’s chosen University, program, ...

Every year, thousands of Indian students set their sights on universities overseas, chasing global exposure, better facilities, and brighter career prospects. Yet, the single biggest hurdle often isn’t grades or language tests—it’s financing. In 2025, two main funding routes dominate the conversation: traditional bank loans and Non-Banking Financial Company NBFC abroad education loans . Both boast unique advantages, but each has its quirks. This guide here will break down the differences to help you choose the right option for your study-abroad journey. Understanding the Role of NBFCs in Study Abroad Financing NBFCs have emerged over the last decade as specialised lenders for education. Unlike commercial banks with broad mandates, NBFCs tailor their products to meet students’ needs: Application Process: Almost entirely online, with quick document uploads and e-signatures. Approval Criteria: Academic records, university ranking, and future earnings projections often carry more weight ...