Education is for all and its access must not get restricted because of finance. BITT Polytechnic is committed to make education accessible to all. Hence we have partnered with FINANCEPEER to make the fee payment easy for you. Now you don’t need to bear the financial burden of a fee. Join our exclusive “BITT Easy Fee”, the first of its kind globally, and pay the entire fee in 6 to 12 easy installments at 0% interest.
HOW TO APPLY
The application process is simple. You can just get in touch with any team member of BITT Polytechnic. They will fill the document and do the necessary process to make your life easy. Please bring following documents for instant approval of “BITT Easy Fee”
AADHAR CARD
PAN CARD
ADMISSION/COURSE FEE DETAILS
LAST SIX MONTHS BANK STATEMENT OR ITR (IN CASE OF SELF-EMPLOYED)
“The Institute shall facilitate in securing education loan from Punjab National Bank and other nationalized banks for the new student entrants, subject to their fulfillment of the eligibility criteria of the bank.”
PNB Pravasi Shiksha Loan
Education Loan Scheme For Overseas Citizens in India (OCI)/ Person of Indian origin {PIO}/ Students who are born abroad Pursuing Higher Education In India
PNB Saraswati
To provide financial support to meritorious students for pursuing higher education in India
PNB Pratibha
PNB Pratibha - Education Loan Scheme for premier institutes
PNB Udaan
`PNB Udaan` Education loan scheme for students pursuing Higher Education Abroad
PNB Kaushal
Education Loan Scheme for pursuing Vocational Education & Training
`PNB Honhaar` Education Loan Scheme For Pursuing Higher Education And Skill Development Courses In Delhi
The Scheme aims at providing financial support for pursuing higher education in Delhi
PNB BIHAR STUDENT CREDIT CARD SCHEME Education Loan Scheme For Pursuing Higher Education For Students Of Bihar
The PNB Bihar Student Credit Card Scheme outlined below aims at providing financial support
Concessional Education Loan
Concessional Education loan is being provided to students or Persons with Disabilities (PwDs) under Bank`s Education Loan schemes, namely:-
Padho Pardesh
Padho pardesh - scheme of interest subsidy on educational loans for overseas studies for the students belonging to the minority communities
Govt Guidelines On New CSIS Scheme
Guidelines for providing relief on interest outstanding component as on 31.12.13 for all Educational Loans sanctioned/availed up to 31.03.2009 & outstanding as on 31.12.2013.
Govt Guidelines On Old CSIS Scheme
Central Scheme to provide lnterest Subsidy for the period of moratorium on Educational Loans taken by students from Economically Weaker Sections from scheduled banks under the Educational Loan Scheme of the lndian Banks` Association to pursue TechnicallProfessional Education studies in India.
Guidelines Of Dr. Ambedkar Central Sector Scheme Of Interest Subsidy On Educational Loans For Overseas Studies For Other Backward Classes (OBCs) And Economically Backward Classes (EBCs) (With Effect From 01.10.2017)
The objective of the scheme is to award interest subsidy to meritorious students belonging to the Other Backward Classes and Economically Backward Classes so as to provide them better opportunities for higher education abroad and enhance their employability.
CREDIT GUARANTEE FUND SCHEME FOR EDUCATION LOANS (CGFSEL)
The Scheme shall be known as the Credit Guarantee Fund Scheme for Education Loan (CGFSEL).
CREDIT GUARANTEE FUND SCHEME FOR SKILL DEVELOPMENT (CGFSSD)
The Scheme shall be known as the Credit Guarantee Fund Scheme for Skill Development (CGFSSD).
The Star Educational Loan Scheme aims at providing financial support from the bank to deserving/ meritorious students for pursuing higher education in India and abroad. The main emphasis is that every meritorious student is provided with an opportunity to pursue education with the financial support on affordable terms and conditions.
Student'S Eligibility
Should be an Indian National
Student should have secured admission to a higher education course in recognized institutions in India or Abroad through Entrance Test/Merit based selection process after completion of HSC (10 plus 2 or equivalent)
Good academic career
The student should not have outstanding education loan from any other Institution
Father/Mother should be co-borrower.
Branch nearest to the permanent residence of student will consider the loan
Studies in India (Indicative list)
Approved Courses leading to graduate /post graduate degree and P.G. diplomas conducted by recognized colleges/ universities by UGC/Government/AICTE/AIBMS/ICMR
Courses like ICWA,CA,CFA,etc
Courses conducted by IIM, IIT, IISc, XLRI, NIFT, NID and other Institutes set up by Central/State Govt
Regular Degree /Diploma courses like Aeronautical, Pilot Training Shipping, degree/diploma in nursing or any other discipline approved by Director General of Civil Aviation/Shipping/Indian Nursing Council
Note : Professional courses not approved by AICTE and conducted by Institutes not recognized by State Universities is outside the purview of the eligibility under the scheme
Expenses Considered For Loan
Fee payable to college/school/hostel*
Examination/Library/Laboratory fee
Purchase of books/equipments/instruments/uniforms
Caution deposit/building fund/refundable deposit supported by Institution bills/receipts
Travel expenses/passage money for studies abroad
Purchase of computers/Laptops - essential for completion of the course.
Life Insurance Premium for life cover of student/co-borrower
Any other expenses required to complete the course - like study tours, project work, thesis, etc.
*As per brochure/ demand letter from the institution.
Quantum of Finance
Need based finance subject to earning potential of student upon completion of the course with and following ceilings
Studies in India - Maximum Rs.10.00 lakh
Studies abroad - Maximum Rs.20.00 lakh
Margin
Upto Rs.4 lakh : Nil Above Rs.4 lakh - Studies in India : 5% Studies Abroad : 15%· Scholarship could be included in margin: Margin to be brought in on year to year basis as and when disbursements are made.
Security
Upto Rs. 7.50 lakh
:
Parents or Guardian to be joint borrowers (No collateral security or Third Party Guarantee since covered under CGFSEL)
Above Rs.7.5 lakh
:
Co-obligation of Parents together with tangible Collateral security of suitable value along with the assignment of future income of the student for payment of installments
Note: The security can be in the form of land/building/Govt. Securities/Public Sector Bonds/NSC/KVP/LIP/ Banks Term Deposit etc., in the name of Student/ Parent/ Guardian/Guarantor with suitable margin
