ELAN Overseas Education Loans

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 ...