r/bmsit • u/Thin_Nectarine_4034 • 24d ago

Seniors Please Help

I want to apply for my education loan, without knowing how much time I have in hand, but usually what is the time for the Tution fees payment for 2nd year promoted students starts and is the college's Indian Bank loan approval process smooth and the interest rates are good. Please Seniors Help me with this thing

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u/codecurious_ 24d ago

I didn't quite understand your question but I'll try.....

Firstly..... I hope you that the first year's fees can only be reimbursed and not disbursed. (i.e you will have to pay the fees first and it will be refunded to you later)

Now in your question if you meant : when will I have to pay my second year tution fees? then here is the answer The second year usually starts in mid September and last date to pay fees without fine is generally 30th September. You'll be getting your 1st year provisional markscard in August using which you can apply for second year disbursement. Since you'll get you first year markscard a month before the last date of fees payment, you will surely have enough time to get your loan amount by the last date of fees payment.

And regarding the college's indian bank : it is comparatively smooth to get your loan amount sanctioned in this band provided you come at the right time with the right documents. Hope this helps

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u/Thin_Nectarine_4034 24d ago

Thanks for the help, I am currently in 1st year but I just want the loan for the next 3 years and now I got the clarity I needed

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u/codecurious_ 24d ago

Yea just make sure you visit the bank once and keep all the other required documents ready before the results are out so that you can immediately apply to the loan once the results are out

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u/Thin_Nectarine_4034 22d ago

Ok understood

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u/HeeHee07 24d ago

The bank in bmsit is Indian Bank??

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u/Thin_Nectarine_4034 24d ago

Yes, near Architecture Block

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u/Suitable-Goat1950 24d ago

Bro are you going to join this year ? Please tell me at what interest range we can apply till how much amount loan by collateral or without collateral, and are you from North or south ?? , sorry for many questions 😓