Easy EMI Option with 0% interest

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

 

EMI Advantage:
  • 0% interest

  • No Collateral Required

  • 100% online application

  • No Hidden Charges

  • Easy App based process

  • No credit card / debit card required

  • Instant Approval

  • Hassle Free & Transparent process

  • 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

 

Please follow the steps below to apply of EMI option:
  • 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 ‘Eduvanz’ platform who have partnered with BITS Pilani to offer EMI facility to applicants at 0% interest and instant approval process.

  • On the Eduvanz platform, you will see a form to apply for the EMI option which will have part of your information prefilled.

  • You will then be prompted for an OTP verification on your mobile number.

  • Next, you will be directed to the documents upload page, where you will be required to upload photos of your relevant documents. Color copies of the following documents will be required: Photograph; A copy of any 2 of the following – Aadhar Card/ Driving Licence/ Passport/ Voter ID/ PAN Card; Cancelled Cheque.

  • An email will be sent to you (within 4 hours) with the final decision from Eduvanz post the credit assessment done on the basis of the information and documents provided by you.

  • The email will also have a link to complete the post approval process of signing the agreement, processing fee payment, advance EMI, NACH signing, etc.

  • Post completion of the above, Eduvanz will initiate the disbursement process to BITS Pilani. The entire fee amount will be credited to BITS Pilani account.

 

EMI Payment Plan for paying the fee
  • 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 Eduvanz.

  • 5 EMIs will be payable on a monthly basis.

  • 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 - - - - -
Instalment - INR 12,870 INR 12,870 INR 12,870 INR 12,870 INR 12,870
Total (incl.taxes) INR 7,150 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 Eduvanz.

  • 5 EMIs will be payable on a monthly basis.

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

Indicative EMI plan for Semester 2 Onwards (Fee - INR 55,000)

  Month 0 Month 1 Month 2 Month 3 Month 4 Month 5
Down Payment INR 11,000 - - - - -
Instalment - INR 8,800 INR 8,800 INR 8,800 INR 8,800 INR 8,800
Total (incl. taxes) INR 11,000 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 Eduvanz as on June 1, 2020. Interest rates are subject to change in subsequent semesters, and applicants desiring to avail of the EMI facility offered by Eduvanz are advised to check prevailing rates at the time of seeking EMI facility from Eduvanz.
  • All loans are subject to approval by Eduvanz.