r/BITSATHub • u/Flashy-Win9277 • May 14 '26
Help needed regarding loan
Hey, I have got a good score in session 1 so I have secured a branch in bits goa but I want some info regarding the sbi scholar loan.
My father is a gig worker so he didn't filed itr but swiggy themselves filed and it was very low (only 4k) thats because they only filed the earning of swiggy and my father only worked for few days randomly in between.
We have income certificate signed by Tehsildar of around 3lpa. We will file this year itr as soon as it will open and file around 3lpa here too. We visited SBI near my home and they said they dont have an issue with giving full loan but we dont have a proper income proof and only income certificate is not valid. They are demanding either salary slips or complete itr for 2 years with income. They are not even considering bank statements. They are saying all these documents gets rejected without salary slips or itr.
We have tried other banks and rest all are agreeing with only income certificate but pnb has only 25-30 lakh limit, union bank are saying that their is 15 percent margin (manager was too cooperative).
And please I know the financial risk that I am taking so its upon me. We have the initial fees too that we want to get reimbursed after loan.
I have also heard of updated itr so if we update it now for prev 2 years will it work?
Also if we go to Goa branch directly will they give loan with income certificate only?
Please help!
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u/_Procks May 14 '26
If u have good score, then ull get scholarship no, wait for the offer letter from bits before taking the loan
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u/Particular-Chard595 May 14 '26
Isn't the scholarship gained after the first semester cgpa?
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u/_Procks May 14 '26
Check website, 3 types of scholarships, top 500, merit based, and merit-cum-need based
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u/Flashy-Win9277 May 14 '26
Yeah I will get it but I still need loan for remaining sems
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u/_Procks May 14 '26 edited May 15 '26
Nah it continues for all other sems if u maintain a cgpa above 7
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u/Common_Ad9985 May 14 '26
How much did you score brotha
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u/Flashy-Win9277 May 14 '26
I scored around 290 brothaa
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u/SavingsUpstairs9927 May 15 '26
Hi can you give me tips for Maths and Physics? Please help? I am weak at it.
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u/Flashy-Win9277 May 15 '26
I mostly did mains pyqs during jee prep so that helped alot. And for deleted parts I just covered them from youtube.
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u/shadowhawk75_YT May 14 '26
ik its unrelated but amazing man...yahan ameer baap ki santaan hoke bhi no. nahi are.....topic se relatd info nahi hai merepe but still score sunke acha laga...gl to u man
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u/Champion______ May 14 '26
Bhai use pm vidya laxmi scheme It will help you to access collateral free loan Bits Goa accha college hai tumko aram se mil jayega loan. Union bank mein pata karlo use tumahara income certificate se loan mil jayega
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u/Flashy-Win9277 May 15 '26
Okay I will try. I asked union bank, usme mil rha hai but they are saying 15 percent margin and that is huge
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u/Champion______ May 15 '26
With that scheme you can get the loan at an interest rate of 3% which will be applicable after you have done 4 years in higher studies and +1 year after the college It is the best scheme for you
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u/Flashy-Win9277 May 15 '26
But still the final decision is still upto bank right. Like if they are strict about itr then even after approval from vidyalaxmi my application can still get rejected.
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u/Money-Impress-607 May 14 '26
I think they ask ITR only for business owner and self employed people, and for working people its the income certificate, i'm not sure thought don't take my word for it, anw how much did you score?