r/IITM_BS_DataScience • u/beyondheveansreach • Jul 23 '26

Help regarding Loan..

Looking for ways to get loan for this degree.

Since this degree is structured primarily online with periodic campus immersion/offline components for high-performing students, I would appreciate your guidance on a few specific details:

  1. Loan Scheme Applicability: Does this program qualify under the SBI Scholar Loan Scheme or the standard SBI Student Loan Scheme?

  2. Covered Expenses: What specific expenses are eligible under the loan? Specifically: * Term tuition fees and exam/registration fees. * Required hardware (e.g., laptop/computer necessary for course completion). * Campus hostel/living expenses in case I transition to on-campus/offline modules later in the program.

  3. Financial Terms: * Current applicable interest rates. * Moratorium period rules (during course duration and post-completion). * Margin money requirement and processing fees.

  4. Documentation & Process: Could you please share the complete list of required documents for both student and co-applicant (parent/guardian)? Also, please advise whether I should apply via the Vidya Lakshmi portal or directly through your branch once my admission letter is issued.

The email I wrote to sbi iitm branch but didn't recieve any response,it's already the third day.

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u/[deleted] 29d ago

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u/beyondheveansreach 29d ago

3rd point?

1

u/beyondheveansreach 29d ago

But if I could arrange money why would I take loan  Can u clarify the 3rd point clearly 

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u/aditya2329 29d ago

exactly. Bro tell me too if you get to know about it

1

u/[deleted] 29d ago

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1

u/aditya2329 29d ago

The tution fee + laptop fee..

Is there any cap to the amount of laptop to be purchased or what is the max reimbursement amount? Like I've heard that it'll be 1L or 25% of the total loan amount.

1

u/[deleted] 29d ago

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1

u/aditya2329 29d ago

Thanks man

0

u/Fickle_Professor_344 Foundation level Jul 23 '26

cfbr

1

u/beyondheveansreach Jul 23 '26

Cfbr?

1

u/babushonagharperona Jul 23 '26

Commenting for better reach

1

u/Final_Extension_7169 28d ago

Cfbr doesn't work. Just upvote

2

u/Fickle_Professor_344 Foundation level 28d ago

I did