ÉLAN, a Study Abroad Education Financing Marketplace, was founded by our team of visionaries with vast experience in the spheres of finance and overseas education. We conceptualized a platform that offers streamlined and seamless loan processing experience for aspiring international students and pioneered ÉLAN, the fintech division of KC. Since its inception, ÉLAN has partnered with 20+ leading Banks and Financial Institution Partners across India and has helped 48,000+ students with end-to-end assistance for Overseas Education Loans enabling students to enroll in hundreds of universities worldwide with affordable and hassle-free loan offerings.
Why ÉLAN Loans?
Choose from Multiple Banks
Easy Application Process
Assistance in Pre Visa Disbursement
Zero Service Charges
Study Abroad Loan up to ₹1.50 cr
ÉLAN Online Education Loan Process
Approach us In Person or Online
Create your Profile & Know your eligibility
Documentation & Application Process & Get your Loan Sanctioned
ÉLAN : an Exclusive Overseas Education Loan Division of KC
University of Canterbury, New Zealand - Rs. 17,25,000/-
The loan service provided was good. They explained the entire procedure and suggested the bank as well. They helped me for listing the documents needed and kept a track on the loan process. The service was fast and reliable. They helped me right from the start till the end. The loan amount sanctioned is Rs. 17,25,000/- from Bank of Baroda. I am very thankful to the team for the guidance and support.
Vernon Mendonca
University of South Australia, Australia - Rs. 7,50,000/-
We approached KC for our daughter’s study abroad loan. We are very happy and pleased by the attitude of the staff as well as the advisors. We received great help from the financial advisor who helped us right through the financial documents as well as the loan procedure with the bank.
Simran Swamy
Skema Business School, Paris - Rs. 20,79,229/-
I would like to appreciate and thank the services provided by Élan for Overseas Education Loans. I am going to France to pursue my masters. The process of legal application and disbursement of the loan by Avanse Financial services was completed within 7 working days through Élan Overseas Education Loans. There was no delay in the process at all.
ÉLAN - The optimal Solution for Overseas Education Loans
1000
Cr Overseas Education Loans Disbursed
20
Banks & Financial Institution Partners
48000
Students Assisted
FAQ
The Overseas Education Loan mostly covers tuition fees, living and accommodation expenses, cost of books, cost of commuting etc.
The maximum loan amount for Overseas Education ranges from 20 lakhs to 1.5 crore.
Overseas Education Loan interest rates vary from 9% to 14% depending on the kind of financial institution. Rate of interest at Nationalised Banks is usually 1% to 2.5% lower than Private banks and NBFCs.
You can apply for education loan on receipt of offer letter from the University. However, if you are planning to take an education loan it would be better to enquire about the process and start the required documentation beforehand.
Education loan disbursement means actual release of funds. The disbursement is done after the loan has been sanctioned. Banks do give their share in many cases before the student receives the visa, whenever student is required to pay a part of tuition fee to the University for release of the final offer letter. Thereafter, once the student receives the visa, banks release the education loan in instalments semester wise.
Most educational loans are unsecured loans which are good options for students who lack the assets or collaterals essential to obtain a secured loan. Obtaining an unsecured loan rests solely on your creditworthiness.
Unsecured Loan is offered by nationalised banks, private banks as well as NBFCs. Private Banks and NBFCs offer up to 45 lakhs whereas nationalised banks provide unsecured loans only up to 7.5 lakhs.
• Non Collateral Loans up to 35 – 45 Lakhs
• Loan Sanction available before admissions on the basis of GRE / TOEFL / IELTS Score
• Pre Visa Disbursal for USA, Germany & other European Countries
• No EMI until graduation instead only small touch payments
• Zero-Margin money
• 100% Education Finance
• Weight-age given to Academic Merit and Parents Annual Income
• Top-up loans available
• No pre-payment penalty
• Flexible Repayment Options
• Fast online, paperless process
• Doorstep Service