Elan Loans, the overseas education financing arm of KC Overseas Education, organised a Study Abroad Loan Fair in Nagpur, attracting a large number of students aspiring to pursue higher education overseas. The one-day event aimed to simplify the education loan process for students by providing direct access to financial experts and study abroad counsellors.

Key highlights of the fair:
• Representatives from nine financial institutions, including nationalized banks, private banks, and NBFCs, were present at the fair.
• Students received One to one and personalized consultation from bank representatives.
• Families were guided on how to correct “settled” accounts and improve CIBIL scores.
• Participants were explained the exact steps to fix credit issues and improve loan eligibility within a few months.
• Families with low income and no property felt relieved after learning about the available financial options.
• Students seeking 100% funding also received guidance from lenders.
• Students targeting Prime A/Prime B universities were informed about loan eligibility options.
• After pre-assessment, each family was connected with the right lender based on country, funding need, property, ITR & visa norms.

A major highlight of the event was guidance from a dedicated CIBIL expert for students with low credit scores. Many families discovered that even accounts marked as “settled”, despite having no outstanding balance can negatively impact loan approvals.
Participants were guided on the exact steps required to fix issues and how improving their CIBIL profile over the next few months could significantly enhance their chances of securing an education loan. This clarity brought visible relief, as families realized that most CIBIL-related challenges are fixable with the right approach.
Personalized Assessment for Every Family
Elan Loans experts conducted detailed pre-assessments for each participant and based on multiple parameters such as property availability, need for 100% funding, study destination, income tax returns, bank statements, and visa requirements; students and parents were connected with lenders and financial advisors.
Special guidance was provided to financially weaker families with low declared income, lack of property, or insufficient income proof. They were advised on specific steps to improve eligibility and prepare their profiles over the next two to three months ahead of the Fall intake season.

Bank representatives explained the ‘loan against property’ options to families seeking for lower interest rates. They discussed the types of properties that are acceptable, whether multiple properties can be combined, and the required documentation.
Students seeking full funding were connected to lenders offering such schemes. Elan team connected students with the country-specific lender to ensure visa rules are followed and future complications are avoided. Those aiming for Prime A and Prime B universities were informed that even without property, loan possibilities exist if documentation and financial discipline are maintained.
Positive Outcome for Participants
The central objective of the fair was to match the right student with the right lender and ensure that every application is properly prepared before entering the formal loan processing stage.
By the end of the event, parents and students had clear direction, realistic expectations, and practical action plans. Most importantly, they gained confidence about their loan eligibility and understood what steps to take next.