Students can avail of the EMI option by swiping their credit card.

Instant EMI refers to the conversion into EMI upon request by Credit Cardholder, on the transactions performed using the retail Credit Card on EDC (Electronic Data Capture) terminal installed at the fee Counter, where the option for EMI payment is available.

• Instant EMI conversion is without any documentation
• Tenure option of 3, 6, 9, 12, 18 & 24 months available
• This interest rate varies between card providers (see table). Generally, the interest rate is linked to the tenure of your loan: the longer the tenure, the higher the interest.
• Students can calculate their emi amount on the website of a particular bank .

Education Loan

Students can avail of education loans from any bank. You can apply for the loan directly in  the bank or through the Vidyalakshmi website. However, for the benefit of its students, MIET, Meerut has tie-ups with the following banks:

• Axis Bank, Meerut
• PNB Bank, Meerut (Apply for PNB Saraswati Scheme)

NOTE: The Ministry of HRD provides Interest Subsidy on education loans for a moratorium period (Course Period plus one year) to those Students whose annual gross parental/ family income is up to Rs.4.5 lakhs.
In other words, we can say it would be an interest-free loan for the first five years. Click Here for More Details

Eligibility:

• NAAC accredited institute
• Family Income less than 4.5 lakh
• Meritorious students.

The following documents would be required for education loan assistance:

• 10th Mark Sheet
• 10th Passing Certificate
• 12th Mark Sheet
• 12th Passing Certificate
• Character Certificate
• Medical Fitness Certificate
• 10 Passport size photo
• Migration Certificate
• Transfer Certificate
• Gap year affidavit if applicable
• Graduation Mark Sheet (For PG students)
• Graduation Degree (For PG Students)

Candidates are requested to bring the above mentioned documents (Photo copies as well as originals) for verification.