BITSOM Mumbai scholarships for MBA students include Merit Scholarship and Need-Based Scholarship. All applicants are considered for the merit scholarship, while students with an annual family income of up to INR 18 lakh can apply for need-based support.
BITSOM students can also apply for education loans through 6 partner banks, including Axis Bank, State Bank of India (SBI), IDFC FIRST Bank, ICICI Bank, Credila and Tata Capital.
BITSOM Scholarships 2027
BITSOM Mumbai offers two types of scholarships: Merit Scholarship and Need-Based Scholarship. All applicants are considered for the BITSOM merit scholarship automatically, while students applying for need-based support must fill in the Scholarship Section of the application form.
To meet the BITSOM scholarship criteria for need-based aid, the annual family income, including the applicant's personal income, must not exceed INR 18 lakh. Students can check the table below for BITS School of Management scholarship details.
Scholarship Details | Details |
Scholarships Offered | Merit Scholarship and Need-Based Scholarship |
Merit Scholarship Eligibility | All applicants are considered by default |
Need-Based Scholarship Eligibility | Annual family income, including the applicant's personal income, must not exceed INR 18 lakh |
|
Income Considered |
Parents' income for unmarried applicants and spouse's income for married applicants, along with the applicant's personal income |
Merit Scholarship Announcement | After April 2027 |
Need-Based Scholarship Process | Begins after classes commence |
How to Apply for Merit Scholarship | No separate application is required; all applicants are considered by default |
How to Apply for Need-Based Scholarship | Fill in the Scholarship Section of the application form |
BITSOM Education Loan and Financing Options 2027
Students can also apply for an education loan through the institute's partner banks. Loan options include secured and unsecured loans from six lenders: Axis Bank, State Bank of India (SBI), IDFC FIRST Bank, ICICI Bank, Credila and Tata Capital. The loan amount ranges from INR 35 lakh to 100% of the cost of education or more, depending on the lender and loan terms. The table below shows BITSOM loan amounts, interest rates and repayment periods.
|
Bank or Financial Institution |
Secured Loan Amount |
Unsecured Loan Amount |
Tenure |
Interest Rate |
|
Axis Bank |
Up to 95% of total course fees |
Up to 95% of total course fees |
Up to 15 years (secured); up to 10 years (unsecured) |
6.99% p.a. (secured); 7% p.a. (unsecured) |
|
State Bank of India (SBI) |
NA |
Up to INR 50 lakh without security |
Course duration + 12-month moratorium + 15 years |
6.90% floating |
|
IDFC FIRST Bank |
Up to INR 35 lakh |
Up to INR 35 lakh |
15 years |
10% p.a. (secured); 9.5% p.a. (unsecured) |
|
ICICI Bank |
Up to INR 3 crore |
Up to INR 1 crore |
8–12 years |
10% onwards (secured); 11% onwards (unsecured) |
|
Credila |
100% of Cost of Education (COE) |
100% of Cost of Education (COE) |
15 years |
10.75% p.a. (secured); 11.25% p.a. (unsecured) |
|
Tata Capital Limited |
INR 50 lakh or as per education cost |
INR 40 lakh or as per education cost |
13 years |
Starting at 9.75% (secured); 10.3% (unsecured) |
BITSOM Education Loan Contact Details
Students can contact BITSOM's partner banks to ask about education loan eligibility, interest rates, required documents and repayment terms. The table below shows the contact details provided for all six lenders. For further help with education financing, students can also email the BITSOM admissions team at admissions@bitsom.edu.in.
Bank | Contact Details |
Axis Bank | Mohan Jadhav: 8692880963; mohan2.jadhav@axisbank.com |
SBI | Vishal Bindroo: 73879 87282; Karan Chavda: 7984920861; Vineet Sharma: 8369247237 |
IDFC FIRST Bank | Sharvan Kumar: 7304120787; shravankumar.sharma@idfcfirstbank.com |
ICICI Bank | Kajal Rajesh: 7304678914; Pankaj Katre: 8411966511; Mandaar Valuskar: 8879940579 |
Credila | Vipul Keni: 9607921554; vipulk@credila.com |
Tata Capital Limited | Pratik Mohite: 8928551665; Shreya Pandey: 9867505745 |
BITSOM Mumbai Scholarship FAQs
Does BITSOM offer scholarships?
Yes, BITSOM Mumbai offers two scholarships for MBA students: Merit Scholarship and Need-Based Scholarship. All applicants are considered for the merit scholarship automatically. Students who need financial help can apply for the need-based scholarship by filling in the Scholarship Section of the application form.
What is the BITSOM scholarship for MBA students?
The BITSOM scholarship for MBA students includes Merit Scholarship and Need-Based Scholarship. For Need-Based Scholarship, the annual family income, including the applicant's personal income, must not be more than INR 18 lakh.
What are the BITSOM scholarship criteria for need-based aid?
The BITSOM scholarship criteria require the annual family income, including the applicant's personal income, to be no more than INR 18 lakh. For unmarried applicants, parents' income is considered, while the spouse's income is considered for married applicants.
How can I apply for the BITS School of Management scholarship?
You do not need to submit a separate application for the BITSOM merit scholarship because all applicants are considered automatically. To apply for the need-based scholarship, students must fill in the Scholarship Section of the BITSOM application form and provide supporting documents when requested.
When will BITSOM merit scholarship results be announced?
BITSOM merit scholarship announcements are scheduled for after April 2027. The need-based scholarship process begins after classes start. Students should check with BITSOM for updates on the scholarship announcement and registration process.
Which banks offer education loans to BITSOM Mumbai students?
BITSOM Mumbai has partnered with six lenders for education loans: Axis Bank, State Bank of India (SBI), IDFC FIRST Bank, ICICI Bank, Credila and Tata Capital. Loan amounts, interest rates and repayment periods vary by lender. Students can email admissions@bitsom.edu.in for help with education financing.
