bank loans scholarships

bank loans scholarships

Financial assistance is available to help you fund your education, thereby simplifying the process of investing in the future. Our counsellors are ready to work with you to make a viable and affordable financial plan, help you to understand our program fee and expenses and discover a range of financial aid programs and cost-saving options you may qualify for. Financial aid includes loans, scholarships and work study modules. To simplify the financial aid application process, KKMU has provided an overview to guide you along the way. Application deadlines vary based on the type of aid for which you are applying. Note the varying deadlines and give yourself enough time to collect required documentation.

Bank Loans

Bank Loans

If you are looking to fill the gap between need-based financial aid and total educational costs, student loans can be a great option for you. Most banks in the country offer attractive education loans for students. For the benefit of prospective students at KKMU, we have tied up with Axis Bank and ICICI Bank. Contact an admission counsellor at admissions@kkmu.edu.in for more details.

Guidance Note For Students Opting For Bank Loans

Students have the discretion of opting for educational bank loans. We have an arrangment with Axis Bank and ICICI Bank and the sole purpose of this arrangment is to facilitate prospective students. KKMU has also registered on Vidyalakshmi Portal. Students are free to approach any other bank The relationship of borrower & bank is independent and KKMU has no intervention/ interest in the arrangement.

Eligibility Criteria of Education Loan

Secured admission to a College / University
For higher education in India / Abroad
Student should be an Indian national
From the branch nearest to the domicile of student
Rate of interest
Range from 8.80% to 14 %
Eligibility Criteria of Education Loan

* Repayment starts from the month of disbursement of loan.

Amount of Loan

Below -Rs. 4 lakh –without margin money*
Above- Rs. 4 lakh-with margin money *

*Margin money is discretion of bank depending on the strength of the case. Margin requirement can be fulfilled by surrendering NSC/FDRs/LICs/Shares/Bonds/Units/House documents.

Purpose of Loan

Tuition fee
Hostel charges
Library fee
Computer
Any other purpose attached to education

Tenure/ Repayment of Loan

60 months after 6 months of completion of course and getting a job whichever is earlier 1% interest waiver in case interest is paid/ serviced during the course duration)

Documentation requirement

Photograph of borrower/ co-borrower
Age proof (Birth certificate)
Copies of educational qualification (X onwards)
Residence/ address proof
Details of co-borrower
Form 16/ Salary slip of co-borrower
Bank statement of last 6 months
Loan application form of the bank
Affidavit to bank that no other loan or loan for similar purpose has been taken from other banks (Bank format to be used)
Fees schedule of the Institute

SCHOLARSHIPS

We believe meritorious, talented and hardworking students should be amply rewarded and should not face any hindrances in their quest for higher education. Thus scholarships are provided to outstanding students besides medals, awards and certificates.

Contact admission counsellor at admissions@kkmu.edu.in for more details.

Bank Loans

Entry level Scholarship Applicable for Indian Students

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Reference

*Aggregate of class XII (10+2) percentage of all subjects from any recognized board in case of B Tech, BBA, B.Com (Hons) and BCA.
@ Aggregate of Graduation percentage in case of MBA.
$ Covid Scholarship of 15% is applicable for 1st year on Academic + Tuition fees only till the lockdown continue.
# Merit based scholarship from next year onwards will be applicable based on CGPA students would acquire."

Ways to Reduce Tuition

Transfer Of Credits/Lateral Entry

Prior Learning Assessment

Earn While You Learn Co-Op Program

Education Loan

Scholarships

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