Easy EMI Option with 0% interest

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

  • Anyone with a Salary Account with Netbanking can apply

  • Special interest rate for BITS Pilani WILP applicants

  • Pay fee in easy installments of INR 12,870 p.m. for the First Semester, and only INR 8,800 p.m. for subsequent Semesters

 

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, and a mobile number linked to the Aadhaar Card

    • Salary Account with a bank, along with Netbanking access

 

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 ‘Zest Money’ platform who have partnered with BITS Pilani to offer EMI facility to applicants at 0% interest and instant approval process.

  • The platform will prompt you to enter your Aadhaar Card Number. You will then be redirected to the Aadhaar authentication website for OTP verification.

  • Upon OTP verification, you will be prompted to enter your PAN number and confirm your Permanent and Current address.

  • Next, you will be asked to provide name of your Employer, monthly income and estimated monthly expenses.

  • You will then be asked to provide name of bank, which has your Salary Account.

  • The system will then auto-redirect you to your bank’s Netbanking login page, and prompt you to login to your Salary Account and enter the IFSC code. This will trigger an automated background verification process, which generally takes only a few seconds to complete and give the approval status.

  • If approved, the system will then ask your permission to deduct EMIs from your salary account.

 

EMI Payment Plan for Semester 1
  • On approval of the EMI facility, applicants need to deposit 10% of the fee payable (Admission Fee + Semester Fee) as down payment, and the Processing Fee as first month payment to Zest Money.

  • 5 EMIs will be payable on a monthly basis.

  • Please note that a refundable interest amount INR 972 p.m. will be charged every month, which will be returned to the applicant’s bank account within 5-7 days.

  • The following payment schedule will apply to new admissions:

Semester 1: Fees - 71500

  Month 0 Month 1 Month 2 Month 3 Month 4 Month 5
Down Payment INR 7,150 - - - - -
Processing Fee (incl. taxes)* INR 278 - - - - -
Instalment - INR 12,870 INR 12,870 INR 12,870 INR 12,870 INR 12,870
Total (incl.taxes) INR 7,428 INR 12,870 INR 12,870 INR 12,870 INR 12,870 INR 12,870

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

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 Money.

  • 5 EMIs will be payable on a monthly basis.

  • Please note that a refundable interest amount INR 972 p.m. will be charged every month, which will be returned to the applicant’s bank account within 5-7 days.

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

Indicative EMI plan for Semester 2 Onwards: 55000

  Month 0 Month 1 Month 2 Month 3 Month 4 Month 5
Down Payment INR 11,000 - - - - -
Processing Fee (incl. taxes) INR 278 - - - - -
Instalment - INR 8,800 INR 8,800 INR 8,800 INR 8,800 INR 8,800
Total (incl. taxes) INR 11,278 INR 8,800 INR 8,800 INR 8,800 INR 8,800 INR 8,800

 

Please note:

  • The EMI plans detailed herein are based on interest rates and charges levied by Zest as on May 10, 2020. 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.