From Aspiration to Achievement: How Akash Secured his UK Education Loan through Élan?

‘The distance between dreams and reality is called action.’ For Akash Chapke, this quote was not just an inspiration; rather, it reflected his journey. From the moment he decided to pursue his MSc in Finance in the UK, he knew the road would be anything but easy. The dream was big, the ambition unalterable, but the financial obstructions seemed immovable.

Today, Akash works at a leading Fin-tech company as a Senior Associate, but the turning point in his journey came when he decided to take that leap towards studying abroad. While the University application process was a smooth sail, the funding process for this achievement wasn’t straightforward.

Owing to his complex financial profile, without the security of collateral, without a co-applicant, and without substantial family backing, Akash was perplexed about what lies ahead. However, despite the odds, he secured substantial financial support. If you are wondering about the possibility of this achievement, well, it was made possible with the right guidance at the right time. Keep reading to know more about Akash’s success story of getting an overseas education loan for UK.

Scholarships Worth £25,000 based on Academic Excellence

Before the loan journey even began, Akash’s exceptional academic merit set him apart as an outstanding student for higher studies in the UK. His strong academic foundation and professional experience earned him offer letters from all the Universities he applied to. Appreciating his achievements, two Universities also extended significant scholarship offers of £15,000 from the University of Glasgow & £10,000 from the University of Reading.

Interestingly, Akash first received an offer from the University of Glasgow, where the scholarship amount was higher. However, his decision ultimately rested on academic curriculum and subject relevance. With the University of Reading’s higher subject ranking in Finance, he chose it as the ideal study option to align with his long-term career goals.

This combination of academic merit and clarity of vision not only positioned Akash as a competitive applicant but also built a strong foundation for his loan approval journey.

Overcoming Challenges Without a Financial Safety Net

Akash’s financial situation was unlike that of many other overseas aspirants. With his mother as a homemaker, his father no more, and his elder brother earning a modest income, there was no direct family contribution towards his tuition fees or living expenses.

Still, Akash had some other things in his favor, like four years of professional experience, a determined mindset, and a strong academic goal. Yet, the lack of collateral and a co-signer left him wondering if his loan application would even stand a chance. That’s when he started to look out for Experts who can guide him further regarding an education loan for masters abroad.

Experiencing the Élan Advantage

When Akash approached Élan Overseas Education Loans, he was hoping for guidance, but what he received exceeded expectations. The team conducted a comprehensive profile analysis, identifying lenders that valued his academic course, University ranking, and personal achievements over the usual security requirements.

After an in-depth discussion, Experts at Élan suggested applying for a Yes Bank education loan, highlighting that the Bank often supports students with strong profiles and top-ranked courses. Things started to fall in place for Akash as his course at the University of Reading is highly ranked. Motivated by this possibility, Akash applied, and in just one week, his unsecured loan of INR 40 lakhs was approved.

To keep options open and have a safety net, he also applied to Prodigy Finance. Astonishingly, this loan was also approved within a couple of days, and he secured an additional $48,000 sanction. Ultimately, YES Bank’s better education loan interest rates and flexible loan terms made it his preferred choice. Akash finalized to sign the loan agreement with YES Bank.

Akash’s Words of Appreciation

“Team Elan didn’t just process my application; they understood my situation. Their Experts factored in my goals, my financial constraints, and my preferences to recommend the perfect loan options. Everything was handled smoothly, and my loan was approved in one go. I couldn’t have done this without them.”

With his funding secured and his plans in place, Akash is now counting down the days until he boards his flight to the UK next month. His journey from determination to departure proves that with the right mindset and expert support, even complex financial barriers can be overcome.

Every success story begins with a decision to act. If Akash’s journey inspires you, reach out to us; who knows, you might be the next success story. Just as Team Élan helped him overcome one of the most challenging aspects of studying abroad, they can help you, too.

Whether you are struggling with no collateral, no co-applicant, or a complex financial profile, Team Élan is equipped to provide fast, precise, and personalized solutions. Your overseas education dream is just one smart decision away. Connect with our experts today and start planning for your education loan to study abroad.