PM Vidyalaxmi Uttam institution
Education loan for IIIT Kottayam
Fees, programmes, a worked EMI example and how to get a collateral-free PM Vidyalaxmi loan for Indian Institute of Information Technology, Kottayam, Kottayam, Kerala.
- Interest rate
- 8.20%
- Category
- Uttam
- Established
- 2015
No collateral under the scheme
Digital sanction within 2 days for loans under ₹50 lakh, through FundMyCampus
No processing fees under the scheme
A parent or guardian as co-borrower
IIIT Kottayam education loan at a glance
Indian Institute of Information Technology, Kottayam is on the PM Vidyalaxmi list in the Uttam category, so a public sector bank can fund your course at about 8.20%, with no collateral and no guarantor under the scheme.
- PM Vidyalaxmi category
- Uttam (one of three bands on the government list)
- Interest rate
- 8.20% a year, floating, at public sector banks
- Collateral
- None under the PM Vidyalaxmi scheme
- Guarantor
- None under the scheme. A parent or guardian joins as co-borrower
- Margin
- None on loans up to ₹4 Lakh. Above that you pay 5% of the cost and the bank lends the rest
- Interest subsidy
- Based on family income, on loans up to ₹10 Lakh: all the interest during study and the grace year up to ₹4.5 Lakh, 3% of it up to ₹8 Lakh
- Processing fee
- No processing or upfront charges under the scheme
- Sanction through FundMyCampus
- Digital sanction within 2 days for loans under ₹50 lakh at PM Vidyalaxmi colleges
Rates are PNB's PM Vidyalaxmi rates for each category. They change with the RBI repo rate, other banks may differ, and the lender sets the final rate.
The institute
About IIIT Kottayam
IIIT Kottayam was founded in 2015 and teaches computer science, cyber security, AI, electronics and mathematics and computing.
- Established
- 2015
- Status
- Institute of National Importance (IIIT PPP Act)
- Location
- Kottayam, Kerala
- AISHE code
- U-0802
Courses
Programmes at IIIT Kottayam
JoSAA 2026 lists 477 seats in 5 programmes, including female supernumerary seats.
UG UG programmes
| Programme | Duration | Seats |
|---|---|---|
| Computer Science and Engineering with specialization in Artificial Intelligence and Data Science | 4 years | 49 |
| Computer Science and Engineering | 4 years | 281 |
| Electronics and Communication Engineering | 4 years | 49 |
| B.Tech in Mathematics and Computing | 4 years | 49 |
| Computer Science and Engineering with specialization in Cyber Security | 4 years | 49 |
Source: JoSAA 2026 seat matrix
Getting in
Admission and eligibility at IIIT Kottayam
B.Tech and other first-degree programmes
JEE Main rank, then JoSAA and CSAB counselling
Source: JoSAA 2026
Fee structure
IIIT Kottayam fees: B.Tech, admission 2026
| Fee | Amount |
|---|---|
| Tuition per semester | ₹1,59,800 |
| Hostel and facility maintenance, semesters 1 and 2 | ₹37,500 |
| Mess advance, semesters 1 and 2 | ₹33,850 |
| Hostel, semesters 7 and 8 | ₹50,100 |
| Mess advance, semesters 7 and 8 | ₹45,100 |
| Whole course, about | ₹19.61 Lakh |
Eight semesters of tuition, hostel and mess advance as published, plus medical insurance, small activity fees and one-time fees. The ₹14,000 caution deposit is refundable.
Finance your ₹19.61 Lakh course
A PM Vidyalaxmi loan can cover the B.Tech, admission 2026 fee at IIIT Kottayam, less a 5% margin above ₹4 Lakh, with no collateral and no processing fees under the scheme. Through FundMyCampus, digital sanction takes 2 days for loans under ₹50 lakh.
Try your own numbers
EMI calculator for IIIT Kottayam
Set to a loan of ₹18.63 Lakh (the B.Tech, admission 2026 fee of ₹19.61 Lakh less the 5% margin), the Uttam rate of 8.20%, and repayment starting 5 years from now (the 4-year course plus 12 months). Change any number to see your EMI.
Loan details
Your EMI breakdown
Monthly EMI after the moratorium
₹25,367
for 180 months
- Loan amount
- ₹18,60,000
- Total interest
- ₹27,06,001
- Total amount you repay
- ₹45,66,001
Indicative estimate. Assumes the full amount is disbursed upfront and simple interest during the moratorium, as most Indian lenders charge. Your lender's sanction letter is final.
Living and support
Hostel, scholarships and life at IIIT Kottayam
Studying in Kottayam
The campus at Valavoor near Pala is 30 km from Kottayam station, 8 km from Pala bus stand and 65 km from Cochin International Airport.
Source: JoSAA 2026 institute profile
PM Vidyalaxmi
PM Vidyalaxmi benefits for IIIT Kottayam students
PM Vidyalaxmi is the government's education loan scheme for 1,441 top-ranked institutions. Here is what it means for a student at IIIT Kottayam. How the scheme works
No collateral
Under the scheme, banks ask for no collateral security, so there is nothing to mortgage.
No guarantor
No third-party guarantor is needed under the scheme. A parent or guardian joins as co-borrower.
No processing fees
No processing or upfront charges under the scheme. Banks may still charge small portal enrolment and account fees.
Lower rate for Uttam colleges
IIIT Kottayam is in the Uttam band, so public sector banks lend at about 8.20%.
3% interest subsidy
For family income up to ₹8 Lakh, the government pays 3% of the interest during study and the grace year, on loans up to ₹10 Lakh.
Full interest cover for lower incomes
For family income up to ₹4.5 Lakh, the central CSIS scheme pays all the interest during the moratorium on technical and professional courses, on loans up to ₹10 Lakh.
Up to 15 years to repay
Repayment starts a year after the course ends, and can run for up to 15 years.
Interest only on what is paid out
The bank pays the college as each fee falls due, and interest runs only on the amount paid out so far.
Small margin
Nothing to pay upfront on loans up to ₹4 Lakh. Above that you pay 5% of the cost and the bank lends the rest.
No foreclosure or prepayment charges
Under RBI rules, banks cannot charge for closing or prepaying floating-rate loans to individuals.
Interest subsidy by family income
| Family income a year | What the government pays | Scheme |
|---|---|---|
| Up to ₹4.5 Lakh | All the interest during the course and the grace year, on loans up to ₹10 Lakh | CSIS scheme, for technical and professional courses |
| Up to ₹8 Lakh | 3% of the interest during the course and the grace year, on loans up to ₹10 Lakh | PM Vidyalaxmi, for up to 1,00,000 new students a year |
| Above ₹8 Lakh | No subsidy. You still get the loan, and banks can cut the rate by up to 1% if you pay interest during the course | PM Vidyalaxmi |
Sources: PM Vidyalaxmi portal and CSIS scheme on myScheme (Government of India)
Sources: PM Vidyalaxmi portal, Bank of Maharashtra PM-Vidyalaxmi loan terms, RBI (Pre-payment Charges on Loans) Directions, 2025
Paperwork
Documents you need
Keep these ready before you apply. FundMyCampus checks them for you before anything goes to the bank.
Student and admission
- Class 10 marksheet
- Class 12 (or last qualifying exam / diploma) marksheet
- Proof of admission to the course
- Schedule of expenses from IIIT Kottayam
- Family income proof from a competent authority
- Photographs of the student and parent
Parent co-borrower
- PAN and Aadhaar of the student and the parent co-borrower
- Parent's income proof: ITR, Form 16 or salary slips
- Last 6 months' bank statements of the parent
- Passport-size photographs
How it works
Your loan journey with FundMyCampus
- 1
Talk to a counsellor
Share your course and fee details. The call is free.
- 2
Upload your documents
Send them online. We check every page so nothing bounces back from the bank.
- 3
We apply on PM Vidyalaxmi
We file your application on the government portal and pick the public sector bank that suits you.
- 4
Digital sanction
Digital sanction within 2 days for loans under ₹50 lakh through FundMyCampus.
- 5
Fees paid to the college
The bank pays IIIT Kottayam directly, one semester at a time.
- 6
Subsidy and repayment
We help you claim the interest subsidy. EMIs start a year after the course ends.
Start your application today
Through FundMyCampus: digital sanction within 2 days for loans under ₹50 lakh at IIIT Kottayam, with every step handled for you.
Why FundMyCampus
Why apply through FundMyCampus
Sanction in 2 days
Digital sanction within 2 days for loans under ₹50 lakh at PM Vidyalaxmi colleges like IIIT Kottayam.
Free for students
We don't charge you anything.
One counsellor throughout
The same counsellor stays with you from application to disbursement.
Paperwork and portal handled
We handle the paperwork and your PM Vidyalaxmi portal application.
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Help when a bank says no
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FAQs
IIIT Kottayam education loan FAQs
What is the education loan interest rate for IIIT Kottayam?
About 8.20% a year at public sector banks under PM Vidyalaxmi, because IIIT Kottayam is in the Uttam category. The rate is floating and moves with the RBI repo rate. The bank sets the final rate.
Is IIIT Kottayam covered under the PM Vidyalaxmi scheme?
Yes. Indian Institute of Information Technology, Kottayam (AISHE code U-0802) in Kottayam, Kerala is on the PM Vidyalaxmi list in the Uttam category.
What does B.Tech, admission 2026 cost at IIIT Kottayam?
About ₹19.61 Lakh for the whole course. Eight semesters of tuition, hostel and mess advance as published, plus medical insurance, small activity fees and one-time fees. The ₹14,000 caution deposit is refundable.
Do I need collateral for a IIIT Kottayam education loan?
No. Under the PM Vidyalaxmi scheme, banks ask for no collateral security.
Does the loan cover the whole fee?
Almost. There is no margin on loans up to ₹4 Lakh. Above that you pay 5% of the cost yourself, and the bank lends the rest. Scholarships can count towards the margin.
Is there a processing fee?
No processing or upfront charges under the scheme. Banks may charge small portal enrolment and account fees, for example ₹100 plus GST to enrol at Bank of Maharashtra.
Do I need a guarantor or co-applicant?
No third-party guarantor is needed under the scheme. A parent or guardian joins the loan as co-borrower.
Can I get the PM Vidyalaxmi interest subsidy at IIIT Kottayam?
It depends on family income. Up to ₹4.5 Lakh, the CSIS scheme pays all the interest during the course and grace year for technical and professional courses. Up to ₹8 Lakh, PM Vidyalaxmi pays 3% of the interest in that period on loans up to ₹10 Lakh, for up to 1,00,000 new students a year with government institutions first in line. Above ₹8 Lakh there is no subsidy, but you still get the loan, and banks can cut the rate by up to 1% if you pay interest during the course.
When does repayment start?
One year after the course ends. You then have up to 15 years to repay in monthly EMIs.
Is interest charged on the full loan from the first day?
No. The bank pays the college as each fee falls due, and interest runs only on the amount paid out so far.
Can I repay the loan early?
Yes, with no charge. Under RBI rules, banks cannot charge for prepaying or closing floating-rate loans to individuals.
Does the loan cover hostel and mess?
Yes. Banks fund the fees on IIIT Kottayam's fee sheet, including hostel, and can add mess, books and a laptop.
How long does sanction take through FundMyCampus?
Digital sanction within 2 days for loans under ₹50 lakh at PM Vidyalaxmi colleges, once your documents are complete.
Which documents do I need?
Class 10 and 12 marksheets, proof of admission, the college fee schedule, family income proof, and PAN, Aadhaar and photographs of the student and parent.
How do I get admission to IIIT Kottayam?
B.Tech and other first-degree programmes: JEE Main rank, then JoSAA and CSAB counselling
Is IIIT Kottayam a government engineering institute?
IIIT Kottayam is an institute of National Importance (IIIT PPP Act).
Figures on this page were checked on 4 Nov 2026 against the sources linked in each section.
Get your IIIT Kottayam loan sanctioned
Talk to a counsellor for free. We check your eligibility and subsidy, file on PM Vidyalaxmi and stay with you until the fee reaches the college.
FundMyCampus is a loan facilitation platform. Loans are sanctioned by the bank at its discretion. Rates are indicative and change with the RBI repo rate.