EMI option with 0% Interest

Interest-free, instant EMI option is an easy and convenient way to pay your programme fee

 

Highlights:
  • 0% interest

  • Instant online approval in seconds

  • No Credit Cards/ CIBIL score required

  • Easy & Secure online process using Aadhaar and PAN number

  • Anyone with a Salary Account with Netbanking can apply

  • Pay fee in interest-free installments of INR 14,265 p.m. for the First Semester

 

How to Apply for EMI Option:
  • The facility to pay fee through EMIs is currently available to Indian Nationals only.

  • To apply for EMI option, applicants need to have:

    • Aadhaar Card, PAN Card
    • Salary crediting bank statement (E-statement or passbook) for Salaried and Bank Statement with transaction for Self Employed (E-statement or passbook).

 

Please follow the steps below to apply of EMI option:
  • Submit completed application to the programme of your choice (For application instructions and programme fee structure, please refer to the programme brochure or the programme page on the website)

  • On receipt of the Admission Offer Letter, you will be provided with 2 payment options: 'Pay on your own', OR 'Pay using EMI option'

  • If you choose 'Pay using EMI option', the system will connect you to Propelld platform who have partnered with BITS Pilani to offer EMI facility to applicants at 0% interest and instant approval process.

  • The platform will show you course and loan details.

  • You will then be asked to fill basic details like date of birth, occupation and current address after which you will be redirected to the Aadhar authentication website for OTP verification.

  • After online verification you will be redirected to Propelld

  • You will then be asked to provide name of bank statement, which has your Salary Account for salaried or the one with transaction for self employed

  • If approved, then Propelld will send a mail asking you to complete the remaining steps of agreement, E-mandate , video verification and payment of the down payment

 

EMI Payment Plan for Semester 1
  • On approval of the EMI facility, applicants need to deposit 10% of the remainder programme fee payable as down payment to Propelld.

  • 5 EMIs will be payable on a monthly basis.

  • The following payment schedule will apply to new admissions:

EMI Plan for Semester 1 (Fees - INR 79,250)
  Month 0 Month 1 Month 2 Month 3 Month 4 Month 5
Down Payment INR 7,925 - - - - -
Instalment - INR 14,265 INR 14,265 INR 14,265 INR 14,265 INR 14,265
Total (incl.taxes) INR 7,925 INR 14,265 INR 14,265 INR 14,265 INR 14,265 INR 14,265

* For detailed programme fee structure, please refer to the brochure, or the programme page on the website.

Please Note
  • The EMI plans detailed herein are based on interest rates and charges levied by Propelld as of Jan 2022. Interest rates are subject to change in subsequent semesters, and applicants desiring to avail of the EMI facility offered by Propelld are advised to check prevailing rates at the time of seeking EMI facility from Propelld.
  • All loans are subject to approval by Propelld.
EMI Payment Plan for Semester 2 onwards
  • At the beginning of Semester 2 (and subsequent semesters), students will need to submit the semester fee.

  • On approval of the EMI facility, applicants need to deposit 20% of the fee payable (Semester Fee) as down payment, and the processing fee as first month payment to Zest.

  • 5 EMIs will be payable on a monthly basis.

  • The following indicative payment schedule will apply for Semester 2 onwards:

EMI Plan for Semester 2 (Fees - INR 62,750)
  Month 0 Month 1 Month 2 Month 3 Month 4 Month 5
Down Payment INR 12,550 - - - - -
Processing Fee (incl. taxes)* INR 278 - - - - -
Instalment - INR 10,040 INR 10,040 INR 10,040 INR 10,040 INR 10,040
Total (incl.taxes) INR 12,828 INR 10,040 INR 10,040 INR 10,040 INR 10,040 INR 10,040

* For detailed programme fee structure, please refer to the brochure, or the programme page on the website.

Please Note
  • The EMI plans detailed herein are based on interest rates and charges levied by Zest as of Jan 2022. Interest rates are subject to change in subsequent semesters, and applicants desiring to avail of the EMI facility offered by Zest are advised to check prevailing rates at the time of seeking EMI facility from Zest.
  • All loans are subject to approval by Zest.

Disclaimer: BITS Pilani works with several FinTech partners and the FinTech partner Semester 2 onwards will be at the discretion of the institution.