Education Loans for VIT

VIT, or Vellore Institute of Technology, is a well-known private educational institute in India that offers a range of programs in bachelor's and master's in various fields of study. 

There are several education loan options of amounts up to Rs 1.5 Cr provided by various public, and private banks and NBFCs with minimal interest rates starting from 8.35%, available for students who wish to pursue their studies at VIT. These loans generally have favourable terms and conditions, such as low interest rates, flexible repayment options, and minimal collateral requirements.

Education loan for VIT students SBI Scholar Scheme

Baroda Scholars Scheme

Union Bank of India education loan for VIT

HDFC Bank education loan scheme

PnB bank education loan for VIT students 

VIT (Vellore Institute of Technology) is a private research university located in Vellore, Tamil Nadu, with its branches in Bhopal, Chennai and Amravati. It offers a wide range of undergraduate, postgraduate, and research programs in various fields of engineering, science, management, and humanities. 

Some of the major degree programs offered by VIT are:

• Bachelor of Technology (B.Tech): VIT offers B.Tech programs in various specializations such as Computer Science and Engineering, Mechanical Engineering, Electronics and Communication Engineering, and Electrical and Electronics Engineering, among others.
• Master of Technology (M.Tech): VIT offers M.Tech programs in specializations such as Computer Science and Engineering, Artificial Intelligence and Data Science, Power Electronics and Drives, among others.
• Master of Business Administration (MBA): VIT offers an MBA program in specializations such as Marketing, Finance, Human Resource Management, and Information Technology, among others.
• Master of Computer Applications (MCA): VIT offers an MCA program to help students gain advanced knowledge and skills in computer science and applications.
• Master of Science (M.Sc): VIT offers an M.Sc program in specializations such as Applied Microbiology, Chemistry, and Physics.
• Ph.D.: VIT offers Ph.D. programs in various disciplines including engineering, management, science, and humanities.

All degree programs offered by VIT are designed to provide students with a strong theoretical foundation and practical exposure to real-world challenges. Admissions to these programs are based on the candidate's performance in national-level entrance exams like JEE Main for B.Tech and GATE for M.Tech.

The cost of studying at VIT (Vellore Institute of Technology) varies depending on the program and campus you choose. Here's is general idea of the fees for some popular programs:

• BTech: The fee for a BTech program at VIT Vellore campus ranges from INR 2.5 to 3 lakhs per annum.
• MTech: The fee for an MTech program at VIT Vellore campus is around INR 1.5 to 2 lakhs per annum.
• MBA: The fee for an MBA program at VIT Vellore campus is around INR 3 to 4 lakhs per annum.
• MCA: The fee for an MCA program at VIT Vellore campus is around INR 2 to 3 lakhs per annum.

It's important to note that these fees are subject to change and might vary based on various factors. It's advisable to check the official website of VIT for the latest fee structure.

Other Expenses:

Note: The above-mentioned fees are approximate and may vary depending on the course and program selected by the student.

Applying for an education loan in India is mistaken to be a hustle-bustle process but, WeMakeScholars has completely revolutionized the loan sanctioning process for students planning to study in high prospective courses like BTech, MTech, MBA, etc.

WeMakeScholars is a student-friendly funding platform, supported by the Ministry of Electronics and Information Technology as part of the Digital India Campaign. Advanced technology has been employed, making it ready to provide digital benefits throughout the education loan application process. The platform has partnerships with over 14 public and private banks in India to aid students in obtaining education loans for studies in India or abroad.

To apply for an education loan through WeMakeScholars, follow the below listed steps:

Step 1: Use the website to request a callback or fill out the loan form to initiate your loan application.

Step 2: After receiving a call, provide your loan information. Your financial officer will assess your profile and log in your loan file.

Step 3: Get a document checklist from your financial officer and prepare the required documents.

Step 4: Upload your documents on WeMakeScholars' Document Portal or submit them to the bank to start loan processing.

Step 5: Visit the bank once to finalize the document process, and receive your loan sanction letter 2-4 days after submission of documents for private banks or NBFCs, or 15-20 days for public banks.

If at any stage of your loan sanctioning process, you face any issue we are available at your service to guide you through the process and help you get your education loan approved in an easy and hassle-free way. 

The benefits of processing your education loan application with WeMakeScholars are as follows:

• No fees - WeMakeScholars services are free of charge as part of the Digital India Campaign.
• Lowered interest rates - By partnering with multiple public and private banks in India, students may receive a reduced interest rate of 0.5-2% when getting an education loan through WeMakeScholars.
• Professional support - Our company provides expert guidance through a financial officer who will help match the student with the best lender and guide them through the loan process.
• Faster processing time - WeMakeScholars can speed up the loan processing time to 15-20 days with public banks and 5-7 days with private banks or NBFCs, compared to the typical 1-2 month processing time at banks.
• Digital application - Students can easily apply for an education loan online from anywhere.
• Full assistance - A financial officer will provide ongoing support for post-approval issues and ensure a seamless loan disbursement.
• Student cashback - Students may receive a cashback of up to INR 3000 upon loan disbursement.
• Tax savings opportunities - WeMakeScholars informs students about tax savings initiatives such as Section 80E, 80C, and TCS to help them save money.

To avail of all the above-stated benefits request a callback to speak to your financial officer at WeMakeScholars. They will help you not just to understand the loan process but also connect you to potential lenders as per your education loan eligibility.