0 % EMI Option
Interest-free, instant EMI option is an easy and convenient way to pay your programme fee
Highlights:
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0% interest
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Instant online approval in seconds
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No Credit Cards/ CIBIL score required
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Easy & Secure online process using Aadhaar and PAN number
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Anyone with a Salary Account with Netbanking can apply
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Special interest rate for BITS Pilani WILP applicants
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Pay fee in easy instalments of INR 4200 p.m. for the First Semester
How to Apply for EMI Option:
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The facility to pay fee through EMIs is currently available to Indian Nationals only.
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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 Net banking access.
Please follow the steps below to apply of EMI option:
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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)
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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 ‘Zest Money’ platform who have partnered with BITS Pilani to offer EMI facility to applicants at 0% interest and instant approval process.
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The platform will prompt you to login to zestmoney portal. Login with your registered mobile number and email id with BITS.
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Next, you will be asked for profile details where you need to enter your name, Aadhar card number, PAN number and current address.
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Next, you will be asked to provide the name of your Employer, monthly income and estimated monthly expenses.
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Next, you will be asked to enter your Aadhaar Card Number. You will then be redirected to the Aadhaar authentication website for OTP verification.
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You will then be asked to provide the name of the bank, which has your Salary Account.
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The system will then auto-redirect you to complete the repayment set up, kindly provide the details mentioned there.
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Next, you will land on the page where it shows upload additional documents, kindly click there and upload your offer letter (if you do not have offer letter, kindly upload last 3 months salary slip), co-applicant bank statement, co-applicant relationship proof document, PAN of co-applicant, undertaking form with signatures of both applicant and co-applicant. (co-applicant should be a blood relative of the student)
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Kindly also fill this form and upload Co-Applicant Form
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If approved, the system will then ask your permission to deduct EMIs from your salary account.
EMI Payment Plan for Semester 1
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On approval of the EMI facility, applicants need to deposit 40% of the fee payable (Admission Fee + Semester Fee) as down payment, and the Processing Fee as first month payment to Zest Money.
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5 EMIs will be payable on a monthly basis.
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Please note that a refundable interest amount INR 317 p.m. will be charged every month, which will be returned to the applicant’s bank account within 5-7 days.
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The following payment schedule will apply to new admissions:
EMI plan for Semester 1 (Fees – INR 35,000)
Month 0 | Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | |
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Down Payment | INR 14,000 | - | - | - | - | - |
Processing Fee (incl. taxes)* | INR 278 | - | - | - | - | - |
Instalment | - | INR 4,200 | INR 4,200 | INR 4,200 | INR 4,200 | INR 4,200 |
Total (incl.taxes) | INR 14,278 | INR 4,200 | INR 4,200 | INR 4,200 | INR 4,200 | INR 4,200 |
* For detailed programme fee structure, please refer to the Programme Brochure.