EMI Option with 0% interest
Easy Monthly Payment Option with 0% Interest and 0 Downpayment
Zero-cost Easy & Monthly Payment option is an affordable & convenient way to pay your programme fee. BITS is pleased to announce that you now have an option to convert your program fees in up to 11 EMIs/monthly instalments. This EMI facility will be provided by a fintech platform, GrayQuest.
Highlights:
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NO extra cost
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NO Down-payment
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NO Processing Fee
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NO Collaterals
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Instant Approvals
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Easy & Secure online process using PAN number
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Anyone with an Indian account can apply
Please follow the steps below to apply of EMI option:
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On receipt of the Admission Offer Letter, you will be provided with 2 payment options: 'Pay on your own', OR 'Pay using EMI option'
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If you choose 'Pay using EMI option', the system will connect you to GrayQuest platform to offer this No-Cost EMI facility with 0 Down-payment and with instant approvals.
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Submit your EMI application form which will have part of your course pre-filled (You will be asked to complete basic information, Residence & employment details)
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Upon approval, GrayQuest Team will coordinate with learners to complete the post approval steps i.e. KYC, Agreement, Selfie and E-mandate.
Please Note
The sign up process for EMI is completely digital, paperless and can be completed online. No collateral/security is required to register for the EMI payment option. The grant of this facility is subject to credit eligibility from GrayQuest
EMI Payment Plan
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11 EMIs will be payable on a monthly basis.
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The following payment schedule will apply to new admissions:
Month 0 | Monthly Installmemt |
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0 | 0 |
1 | 20000 |
2 | 20000 |
3 | 20000 |
4 | 20000 |
5 | 20000 |
6 | 20000 |
7 | 20000 |
8 | 20000 |
9 | 20000 |
10 | 20000 |
11 | 20000 |
Total | 220000 |
Please Note
- All loans are subject to approval by GrayQuest.