PM Vidyalaxmi Utkarsh institution
Education loan for IIM Bangalore
Fees, programmes, a worked EMI example and how to get a collateral-free PM Vidyalaxmi loan for Indian Institute of Management Bangalore, Bengaluru, Karnataka.
- Interest rate
- 7.10%
- Category
- Utkarsh
- Established
- 1973
- PGP (MBA) fees
- ₹28.1 Lakh
- NIRF 2025
- #2
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
IIM Bangalore education loan at a glance
Indian Institute of Management Bangalore is on the PM Vidyalaxmi list in the Utkarsh category, so a public sector bank can fund your course at about 7.10%, with no collateral and no guarantor under the scheme. The PGP (MBA) costs ₹28,10,000 in fees. After the 5% margin the loan is ₹26,69,500, which works out to an EMI of about ₹29,231 over 15 years.
- PM Vidyalaxmi category
- Utkarsh (one of three bands on the government list)
- Interest rate
- 7.10% 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
- PGP (MBA) cost
- ₹28,10,000 for 2 years (official 2026-28 batch fee sheet)
- Loan after the margin
- ₹26,69,500. You pay the 5% margin of ₹1,40,500
- EMI on the loan
- ₹29,231 a month for 15 years, starting a year after the course
- 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 IIM Bangalore
IIM Bangalore was founded in 1973 and is an Institute of National Importance under the IIM Act, 2017. It has 105 full-time faculty, about 1,200 students across its degree programmes and nearly 5,000 executive education participants a year. Its 100-acre stone campus on Bannerghatta Road was designed by the architect B V Doshi, and it is second in the NIRF 2025 management ranking.
- Established
- 1973
- Status
- Institute of National Importance under the IIM Act, 2017
- Campus
- 100 acres on Bannerghatta Road, Bengaluru, designed by B V Doshi. UG classes run on the Jigani campus, about 30 km away
- Faculty
- 105 full-time
- Students
- About 1,200 in degree programmes, plus nearly 5,000 executive education participants a year
- Accreditation
- EQUIS since 2010, re-accredited for five years in December 2021
- NIRF 2025
- 2nd in management
- QS 2027
- PGP 31st in the world for Master's in Management, PGPBA 60th for Business Analytics, EPGP 64th among global MBAs. Each is 1st in India
- Board chair
- Dr Devi Prasad Shetty, founder of Narayana Health
- AISHE code
- U-1014
Recognition. IIMB has held EQUIS accreditation from the European Foundation for Management Development since 2010. In December 2021 it was re-accredited for five years, the longest term EQUIS gives. As an Institute of National Importance it awards its own MBA, master's, bachelor's and PhD degrees.
Sources: About IIMB, IIMB news: QS rankings 2027, Life @IIMB, IIMB UG admissions FAQ 2027
Why students pick it
What makes IIM Bangalore stand out
Ten programmes, from Class 12 to PhD
Three undergraduate degrees, five MBA and master's programmes, a PhD and a pre-doctoral fellowship, so there is an IIMB route at every stage of a career.
First in India in three QS lists
In the QS 2027 rankings the PGP is 31st in the world for Master's in Management, the PGPBA 60th for Business Analytics and the EPGP 64th among global MBAs.
Placements led by consulting
In 2024-26 final placements, 177 companies made 665 offers to 605 PGP and PGPBA students, at a median salary of ₹34.75 Lakh. Consulting took 45% of them.
Aid for families earning under ₹8 Lakh
PGP students with household income below ₹8 Lakh can apply for financial aid of 20% to 100%, on top of merit awards such as the ₹1.75 Lakh Aditya Birla Scholarship.
A campus that architects study
The stone campus, completed in 1983 and modelled on Fatehpur Sikri, covers 100 acres and was designed by B V Doshi.
A bank branch on campus
State Bank of India runs an IIMB Campus Branch, which handles student loans for IIMB students.
Sources: IIMB degree programmes, IIMB news: QS rankings 2027, IIMB Placement Report 2026, IIMB PGP fees and financial aid, Life @IIMB, IIMB EPGP fees and scholarships
Courses
Programmes at IIM Bangalore
IIM Bangalore runs ten programmes. The PGP is its flagship two-year MBA, and the PGPBA is a two-year MBA in business analytics. The PGPEM is a weekend MBA for working professionals, the EPGP a one-year MBA for experienced managers and the PGPPM a 14-month hybrid master's in public policy. It also teaches undergraduates, with two four-year BSc degrees and an online BBA.
UG UG programmes
| Programme | Duration |
|---|---|
| BSc (Honours) Economics, with a Data Sciences minor (residential, Jigani campus) | 4 years |
| BSc (Honours) Data Sciences, with an Economics minor (residential, Jigani campus) | 4 years |
| BBA in Digital Business and Entrepreneurship (online, exams at centres) | 3 years (up to 6) |
PG PG programmes
| Programme | Duration | Students in the 2026 batch |
|---|---|---|
| PGP: MBA, full-time residential | 2 years | 540 |
| PGPBA: MBA (Business Analytics), full-time residential | 2 years | 77 |
| PGPEM: MBA for working professionals, weekend classes | 2 years (up to 5) | 79 |
| EPGP: one-year full-time MBA for experienced professionals | 1 year | 75 |
| PGPPM: Master of Management Studies (Public Policy), hybrid | 14 months | 31 |
PhD Doctoral programmes
| Programme | Duration |
|---|---|
| PhD in Management, with tuition waived and a ₹52,000 monthly stipend | 5 years |
Certificate Certificate programmes
| Programme | Duration | Students in the 2026 batch |
|---|---|---|
| N. S. Ramaswamy Pre-doctoral Fellowship | 1 year | 9 |
About 1,200 students study across IIMB's degree programmes.
Sources: IIMB degree programmes, IIMB PGP page (2026 batch profile), IIMB PGPBA page (2026 batch profile), IIMB PGPEM page, IIMB news: EPGP 2026-27 batch, IIMB PGPPM page, IIMB NSR Pre-doc page, IIMB PhD financial support, IIMB UG admissions FAQ 2027, IIMB BBA (DBE) admissions page
PGP 2026 batch by work experience
| Work experience | Women | Men | Total |
|---|---|---|---|
| None | 40 | 42 | 82 |
| 1 to 12 months | 28 | 25 | 53 |
| 13 to 24 months | 58 | 75 | 133 |
| 25 to 36 months | 65 | 88 | 153 |
| 37 to 48 months | 28 | 56 | 84 |
| Over 48 months | 10 | 25 | 35 |
| Total | 229 | 311 | 540 |
405 of the 540 students joined with more than a year of work experience. Most were 23 to 28 years old: 268 were 23 to 25 and 209 were 26 to 28.
See the full batch profiles
PGP 2026 batch by bachelor's degree
| Bachelor's degree | Women | Men | Total |
|---|---|---|---|
| Engineering | 127 | 233 | 360 |
| Commerce | 53 | 44 | 97 |
| Science | 19 | 20 | 39 |
| Arts and humanities | 26 | 12 | 38 |
| Law | 3 | 0 | 3 |
| Others | 1 | 2 | 3 |
| Total | 229 | 311 | 540 |
20 students (9 women and 11 men) also hold a CA, CS or ICWA qualification.
PGPBA 2026 batch by bachelor's degree
| Bachelor's degree | Women | Men | Total |
|---|---|---|---|
| Engineering | 21 | 39 | 60 |
| Science | 3 | 5 | 8 |
| Management | 1 | 4 | 5 |
| Commerce | 1 | 2 | 3 |
| Others | 0 | 1 | 1 |
| Total | 26 | 51 | 77 |
12 students joined with no work experience and 44 with more than two years.
PGPPM 2026 batch by background
| Background | Students |
|---|---|
| Indian Railways | 10 |
| Indian Revenue Service (Customs and Income Tax) | 5 |
| Indian Administrative Service | 4 |
| Indian Police Service | 2 |
| Indian Statistical Service | 2 |
| Indian Telecom Service | 2 |
| Other central services (Civil Accounts, Corporate Law, P&T Accounts) | 3 |
| Open candidates (social sector and banking) | 3 |
| Total | 31 |
12 have 5 to 10 years of experience, 12 have 11 to 15 years and 7 have 16 years or more.
Source: IIMB PGPPM page
Getting in
Admission and eligibility at IIM Bangalore
PGP (two-year MBA)
A bachelor's degree in any discipline with at least 50% marks (45% for SC, ST and PwD), or a CA, CS, CMA or FIAI qualification, plus a valid CAT score. Final-year students can apply.
PGP selection, stage 1
IIMB first shortlists candidates who clear minimum CAT percentiles in every section. It then ranks them on a pre-interview score out of 100: CAT 55, Class 10 marks 10, Class 12 marks 10, bachelor's marks 10, work experience or professional course 10, and gender diversity 5. Full marks for work experience need 36 months.
PGP selection, stage 2
Shortlisted candidates take a personal interview and a 30-minute written ability test on the same day. Final offers use a composite score out of 100: interview 40, CAT 25, written test 10, work experience 10, and Class 10, Class 12 and bachelor's marks 5 each.
Source: IIMB PGP admission procedure 2027-29
CAT percentile cut-offs for the first PGP shortlist (2026-28 batch, CAT 2025)
| Category | VARC | DILR | QA | Overall |
|---|---|---|---|---|
| General | 80 | 75 | 75 | 85 |
| NC-OBC | 70 | 65 | 65 | 75 |
| EWS | 70 | 65 | 65 | 75 |
| SC | 65 | 60 | 60 | 70 |
| ST | 55 | 55 | 55 | 65 |
| PwD | 50 | 50 | 50 | 60 |
These are minimums for the first shortlist. Candidates called for interviews scored higher.
Admission for other programmes at IIM Bangalore
PGPBA (MBA in Business Analytics)
The same eligibility as the PGP, with a valid CAT score. The shortlist leans on quantitative skill: of the 55 CAT points before the interview, 22 come from QA, 20 from DILR and 13 from VARC. Final offers weigh the interview 40, CAT 25, the writing test 10 and work experience 10, plus 5 each for Class 10 Mathematics, Class 12 and bachelor's marks.
PGPEM (weekend MBA)
A bachelor's degree with at least 50% marks (45% for SC, ST and PwD), at least 6 years of full-time work experience by 31 March 2027, and a valid CAT, GMAT, GRE or IIMB Test score. The IIMB Test runs on 25 October 2026 and 31 January 2027 for a ₹1,200 fee. Shortlisted candidates take an interview and a writing test. The application fee is ₹1,500.
EPGP (one-year MBA)
A bachelor's degree with at least 50% marks (45% for SC, ST and PwD), at least 5 years of work experience by 31 March 2027 (ideally under 12 years), and a valid GMAT or GRE score taken at a test centre. Selection is on interview, writing test, academics, test score and quality of work experience. The application fee is ₹5,000 in round 1 and ₹7,000 in round 2.
PGPPM (public policy)
A bachelor's degree and at least 5 years of work experience after graduation. Government officers apply through the DoPT-sponsored route, and since 2025 others can apply through the open route, which uses the IIMB Test. Four of the six terms are online, so participants can keep working.
Source: IIMB PGPPM page
PhD in Management
A master's degree and a valid score in a test accepted for the chosen area, followed by area-specific selection. Tuition is waived and scholars get a ₹52,000 monthly stipend, so the PhD needs no education loan. Foreign nationals can apply but get no fellowship funding.
Source: IIMB PhD admission FAQs
BSc (Honours) Economics or Data Sciences
Class 12 with Mathematics in Classes 11 and 12, at least 60% marks in Class 10, and age 20 or under on 1 August 2027. Selection uses IIMB's own UG Admission Test (60 questions in 135 minutes, on 15 November 2026), followed by an interview and two teacher references. The test fee is ₹3,000, or ₹2,000 for EWS, NC-OBC, SC, ST and PwD candidates.
BBA in Digital Business and Entrepreneurship
Class 12 with at least 60% marks (55% for SC, ST and PwD) and Mathematics in Class 10. Admission is through IIMB's own DBE entrance test, or a CUET (UG) or JEE Main score from 2024, 2025 or 2026. It is open to Indian nationals only.
Source: IIMB BBA (DBE) admissions page
How IIMB weighs a PGP application
| Component | Before interview | Final score |
|---|---|---|
| CAT score | 55 | 25 |
| Personal interview | Not used | 40 |
| Written ability test | Not used | 10 |
| Class 10 marks | 10 | 5 |
| Class 12 marks | 10 | 5 |
| Bachelor's marks | 10 | 5 |
| Work experience or professional course | 10 | 10 |
| Gender diversity | 5 | Not used |
IIMB UG Test percentile cut-offs for the first BSc shortlist (2027-31 batch)
| Category | VARC | LR | QADI | Overall |
|---|---|---|---|---|
| General | 50 | 50 | 75 | 80 |
| NC-OBC | 40 | 40 | 50 | 50 |
| EWS | 40 | 40 | 50 | 50 |
| SC | 25 | 25 | 40 | 40 |
| ST | 20 | 20 | 30 | 30 |
| PwD | 20 | 20 | 30 | 30 |
IIMB may lower these cut-offs but not raise them. Candidates called for interviews are likely to score higher.
How IIMB weighs a BSc application
| Component | Before interview | Final score |
|---|---|---|
| UG Admission Test | 70 | 40 |
| Personal interview | Not used | 40 |
| Class 10 overall marks | 15 | 10 |
| Class 10 Mathematics marks | 10 | 10 |
| Gender diversity | 5 | Not used |
Fee structure
IIM Bangalore fee structure
Every figure below is copied from the official fee sheet for each programme, and the totals are worked out from it.
PGP (MBA) (2026-28 batch, 2 years)
| Fee | When | Amount | Over 2 years |
|---|---|---|---|
| Programme fee for two years (tuition, library, internet, course material, hostel room, medical and accident insurance, alumni) | For the full course | ₹26,00,000 | ₹26,00,000 |
| Caution deposit (refundable) | At registration | ₹30,000 | ₹30,000 |
| Mess advance (₹30,000 a term, 3 terms a year) | Every year | ₹90,000 | ₹1,80,000 |
| Total course fees | ₹28,10,000 |
- •The mess advance is adjusted against actual meals.
- •Taxes, if they apply, are extra.
- •Second-year students may live off campus if they choose.
Source: IIMB PGP fees and financial aid
Fees for other programmes at IIM Bangalore
| Programme | Batch | Length | Total fees |
|---|---|---|---|
| PGPBA (MBA in Business Analytics) | 2026-28 batch | 2 years | ₹28,10,000 |
| EPGP (one-year MBA) | 2026-27 batch | 1 year | ₹33,68,000 |
| PGPEM (weekend MBA) | 2026-28 batch | 2 years | ₹20,21,000 |
| BBA in Digital Business and Entrepreneurship (online) | 2026 admissions | 3 years | ₹4,50,000 |
Sources: IIMB PGPBA fees and financial aid, IIMB EPGP fees and scholarships, IIMB PGPEM structure and fees, IIMB BBA (DBE) admissions page
See the full fee sheet for each programme
PGPBA (MBA in Business Analytics) (2026-28 batch, 2 years)
| Fee | When | Amount | Over 2 years |
|---|---|---|---|
| Programme fee for two years (tuition, library, internet, course material, hostel room, medical and accident insurance, alumni) | For the full course | ₹26,00,000 | ₹26,00,000 |
| Caution deposit (refundable) | At registration | ₹30,000 | ₹30,000 |
| Mess advance (₹30,000 a term, 3 terms a year) | Every year | ₹90,000 | ₹1,80,000 |
| Total course fees | ₹28,10,000 |
- •The mess advance is adjusted against actual meals.
- •Taxes, if they apply, are extra.
EPGP (one-year MBA) (2026-27 batch, 1 years)
| Fee | When | Amount | Over 1 years |
|---|---|---|---|
| Tuition fee (course material, computing, library, alumni, student activities, career counselling) | For the year | ₹26,50,000 | ₹26,50,000 |
| International immersion (indicative, charged at actual cost) | For the year | ₹5,50,000 | ₹5,50,000 |
| Hostel accommodation (single student or with spouse) | For the year | ₹80,000 | ₹80,000 |
| Hostel mess | For the year | ₹63,000 | ₹63,000 |
| Refundable deposit | At registration | ₹25,000 | ₹25,000 |
| Total course fees | ₹33,68,000 |
- •Without hostel the total is ₹32,20,000, with a ₹20,000 deposit.
Source: IIMB EPGP fees and scholarships
PGPEM (weekend MBA) (2026-28 batch, 2 years)
| Fee | When | Amount | Over 2 years |
|---|---|---|---|
| Tuition fee | In 8 instalments | ₹20,11,000 | ₹20,11,000 |
| Caution deposit (refundable) | At admission | ₹10,000 | ₹10,000 |
| Total course fees | ₹20,21,000 |
- •Students who take longer than two years pay ₹25,000 a term until they finish, up to five years.
- •Taxes and levies are extra.
Source: IIMB PGPEM structure and fees
BBA in Digital Business and Entrepreneurship (online) (2026 admissions, 3 years)
| Fee | When | Amount | Over 3 years |
|---|---|---|---|
| Year 1 (certificate stage) | Year 1, as ₹41,660 a term | ₹1,25,000 | ₹1,25,000 |
| Year 2 (diploma stage) | Year 2, as ₹50,000 a term | ₹1,50,000 | ₹1,50,000 |
| Year 3 (degree stage) | Year 3, as ₹58,330 a term | ₹1,75,000 | ₹1,75,000 |
| Total course fees | ₹4,50,000 |
- •SC, ST and PwD students get a 50% fee waiver.
- •Students can leave with a certificate after year 1 or a diploma after year 2, but cannot then rejoin for the degree.
Source: IIMB BBA (DBE) admissions page
Worked example
Loan and EMI for the PGP (MBA) at IIM Bangalore
This takes the full PGP (MBA) fee of ₹28,10,000 from the official 2026-28 batch fee sheet. You pay the 5% margin of ₹1,40,500 yourself, and the bank lends the remaining ₹26,69,500 at the Utkarsh rate of 7.10%. The bank pays each fee to IIM Bangalore when it falls due, and this example assumes the full programme fee goes out at the start. Repayment starts 3 years later, after the 2-year course and a 1-year grace period, and runs for 15 years.
| No subsidy | With 3% subsidy | |
|---|---|---|
| Course fees | ₹28,10,000 | ₹28,10,000 |
| You pay (5% margin) | ₹1,40,500 | ₹1,40,500 |
| Loan | ₹26,69,500 | ₹26,69,500 |
| Interest rate during study | 7.10% | 4.10% on the first ₹10 Lakh, 7.10% on the rest |
| Interest built up over 3 years | ₹5,62,533 | ₹4,72,533 |
| Loan when EMIs start | ₹32,32,033 | ₹31,42,033 |
| EMI for 15 years at 7.10% | ₹29,231 | ₹28,417 |
| Total interest paid | ₹25,92,156 | ₹24,45,638 |
| Total repaid | ₹52,61,656 | ₹51,15,138 |
Pay interest while you study
Paying simple interest as it builds keeps the loan at ₹26,69,500. That comes to about ₹15,795 a month once the full fee is paid out, and the EMI then drops to ₹24,144.
Shorter repayment
Over 10 years instead of 15, the EMI is ₹37,693 and you pay less interest overall. There is no charge for paying early.
Assumes simple interest during study and the grace year, added to the loan when EMIs start, and fees at 2026-28 batch rates for every semester. Mess, books and a laptop can be added to the loan if the bank agrees. The subsidy column applies only if you get a subsidy slot (family income up to ₹8 Lakh), and the 3% comes off the interest on up to ₹10 Lakh of the loan.
Sources: IIMB PGP fees and financial aid, PM Vidyalaxmi portal
Finance your ₹28.1 Lakh course
A PM Vidyalaxmi loan can cover the PGP (MBA) fee at IIM Bangalore, 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 IIM Bangalore
Set to a loan of ₹26.7 Lakh (the PGP (MBA) fee of ₹28.1 Lakh less the 5% margin), the Utkarsh rate of 7.10%, and repayment starting 3 years from now (the 2-year course plus 12 months). Change any number to see your EMI.
Loan details
Your EMI breakdown
Monthly EMI after the moratorium
₹29,292
for 180 months
- Loan amount
- ₹26,70,000
- Total interest
- ₹26,02,526
- Total amount you repay
- ₹52,72,526
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.
After graduation
IIM Bangalore rankings, placements and higher studies
IIM Bangalore is ranked 2 in the NIRF 2025 management list.
| Batch | Graduated | Placed | Median salary | Higher studies |
|---|---|---|---|---|
| MBA / PGP (graduated 2023-24) | 517 | 517 | ₹32.5 Lakh a year | 0 |
Source: NIRF 2025 data file
Final placements 2024-26, PGP and PGPBA
| Measure | Figure |
|---|---|
| Students | 605 |
| Offers made | 665 |
| Companies that made offers | 177 |
| Pre-placement offers made / accepted | 283 / 219 |
| Lateral offers made / accepted | 96 / 88 |
| Overseas offers | 7 |
| Students who opted out | 9 |
| Median salary | ₹34.75 Lakh a year |
| Average salary | ₹35.35 Lakh a year |
Source: IIMB Placement Report 2026
Top recruiters in final placements, 2024-26
| Company | Offers |
|---|---|
| Accenture Strategy | 94 |
| Boston Consulting Group | 27 |
| Bain & Company | 23 |
| EY-Parthenon India | 22 |
| American Express | 15 |
| Kearney | 13 |
| Tata Consultancy Services | 11 |
| Deloitte | 10 |
| Fujitsu Consulting | 10 |
| Amazon | 9 |
| McKinsey & Company | 9 |
Source: IIMB Placement Report 2026
More placement figures
Final placements by sector, 2024-26
| Sector | Share of offers |
|---|---|
| Consulting | 45% |
| IT software, analytics and product management | 14% |
| Finance, banking and investments | 11% |
| E-commerce, payments, telecom and logistics | 10% |
| Manufacturing, construction, energy and infrastructure | 6% |
| FMCG and retail | 6% |
| Conglomerates | 5% |
| Healthcare and education | 3% |
Source: IIMB Placement Report 2026
Summer internships 2025-27, PGP and PGPBA
| Measure | Figure |
|---|---|
| Students | 605 |
| Offers | 601 |
| Companies | 137 |
| Opted out | 4 |
| Share in consulting | 47% |
| Most offers | Accenture Strategy 132, BCG 24, Bain 18, TCS 15, American Express 14, McKinsey 13 |
Source: IIMB Placement Report 2026
EPGP placements 2025-26
| Measure | Figure |
|---|---|
| Students | 73 |
| Companies | 22 |
| Offers accepted | 61 |
| Opted out | 3 |
| On sabbatical | 4 |
| Top industries | Consulting 50%, IT technology and products 24%, finance and banking 10% |
Source: IIMB Placement Report 2026
Living and support
Hostel, scholarships and life at IIM Bangalore
Hostel
PGP and PGPBA students live on the Bannerghatta Road campus and may move off campus in the second year. EPGP students can take a hostel room for themselves or with a spouse, at ₹80,000 for the year plus ₹63,000 for mess. BSc students live on the Jigani campus, about 30 km away, which has its own classrooms, labs, library, sports grounds and dining halls. Mess there runs on cost sharing, at about ₹8,000 to ₹10,000 a month.
Sources: IIMB PGP fees and financial aid, IIMB EPGP fees and scholarships, IIMB UG admissions FAQ 2027
Scholarships
- •Need-based financial aid of 20%, 40%, 60%, 80% or 100% for PGP students with household income below ₹8 Lakh (below ₹6 Lakh for the PGPBA), decided on a financial score and a faculty interview.
- •The Aditya Birla Scholarship of ₹1.75 Lakh for top PGP students, renewable in the second year for the top 25% of the batch.
- •Government means scholarships that cover full tuition for SC and ST students, ₹2.55 Lakh a year for students with disabilities, and ₹48,000 a year from NTPC for SC, ST and PwD students in the second year.
4 more scholarships
- •The Employment in Social Sector Scholarship refunds a third of the fees for each of the first three years a graduate works in the social sector.
- •EPGP: 12 merit scholarships of ₹8 Lakh, 7 merit-cum-means scholarships of ₹6 Lakh for diversity candidates, and ₹4 Lakh for the top five students after the second term.
- •PhD: tuition waived, a ₹52,000 monthly stipend, an HRA of ₹26,500 a month and research and travel grants of up to ₹4.4 Lakh.
- •BSc: need-based financial aid. BBA: a 50% fee waiver for SC, ST and PwD students.
These come on top of the PM Vidyalaxmi interest subsidy.
Sources: IIMB PGP fees and financial aid, IIMB EPGP fees and scholarships, IIMB PhD financial support, IIMB UG admissions FAQ 2027, IIMB BBA (DBE) admissions page
Studying in Bengaluru
IIMB is on Bannerghatta Road in south Bengaluru, India's technology capital, close to many large IT and consumer companies, which helps students tie classwork to practice. State Bank of India has a branch on campus, the IIMB Campus Branch (code 40803), which can advise on student loans.
Sources: IIMB degree programmes, IIMB EPGP fees and scholarships
PM Vidyalaxmi
PM Vidyalaxmi benefits for IIM Bangalore 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 IIM Bangalore. 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 Utkarsh colleges
IIM Bangalore is in the Utkarsh band, so public sector banks lend at about 7.10%.
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 IIM Bangalore
- 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 IIM Bangalore 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 IIM Bangalore, 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 IIM Bangalore.
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.
Compare 12+ banks and NBFCs
We compare 12+ banks and NBFCs and apply where you fit best.
Help when a bank says no
We help with CIBIL issues and NBFC options if a bank turns you down.
FAQs
IIM Bangalore education loan FAQs
What is the education loan interest rate for IIM Bangalore?
About 7.10% a year at public sector banks under PM Vidyalaxmi, because IIM Bangalore is in the Utkarsh category. The rate is floating and moves with the RBI repo rate. The bank sets the final rate.
Is IIM Bangalore covered under the PM Vidyalaxmi scheme?
Yes. Indian Institute of Management Bangalore (AISHE code U-1014) in Bengaluru, Karnataka is on the PM Vidyalaxmi list in the Utkarsh category.
How much does the PGP (MBA) at IIM Bangalore cost?
₹28,10,000 in fees over 2 years at 2026-28 batch rates, from the official fee sheet. The mess advance is adjusted against actual meals.
What will my EMI be for a IIM Bangalore education loan?
If you borrow ₹26,69,500 (the fee less the 5% margin) at 7.10%, interest builds to ₹5,62,533 by the time repayment starts, and the EMI is about ₹29,231 a month for 15 years. With the 3% subsidy it falls to about ₹28,417.
What is the fee for the IIM Bangalore EPGP?
₹33.68 Lakh for the 2026-27 batch with hostel, or ₹32.2 Lakh without. That includes ₹26.5 Lakh tuition and an indicative ₹5.5 Lakh for the international immersion, which is charged at actual cost.
What is the PGPEM fee at IIM Bangalore?
₹20.11 Lakh tuition for the 2026-28 batch, paid in 8 instalments, plus a ₹10,000 refundable deposit. Students who take longer than two years pay ₹25,000 a term until they finish.
Does IIM Bangalore have undergraduate programmes?
Yes. IIMB runs a four-year residential BSc (Honours) in Economics and one in Data Sciences on its Jigani campus, at ₹8.5 Lakh a year for the first two years, with a limited rise in years three and four. It also runs a three-year online BBA in Digital Business and Entrepreneurship that costs ₹4.5 Lakh in all.
What CAT percentile do I need for IIM Bangalore?
For the 2026-28 PGP shortlist, General candidates needed at least 85 overall and 80, 75 and 75 in VARC, DILR and QA. NC-OBC and EWS candidates needed 75 overall. Candidates called for interviews scored higher.
What is the average salary after IIM Bangalore?
In 2024-26 final placements, PGP and PGPBA students had a median salary of ₹34.75 Lakh and an average of ₹35.35 Lakh, with 665 offers from 177 companies.
How many students are in the IIM Bangalore PGP batch?
540 students joined the PGP in 2026, 229 women and 311 men. Two in three have engineering degrees, and 405 had more than a year of work experience.
Do IIM Bangalore PhD students need an education loan?
Usually not. IIMB waives PhD tuition and pays a ₹52,000 monthly stipend for up to five years, plus an HRA and research grants.
Is there a bank branch on the IIM Bangalore campus?
Yes. State Bank of India runs the IIMB Campus Branch (code 40803) on Bannerghatta Road. You can apply to SBI or another public sector bank through the PM Vidyalaxmi portal, and FundMyCampus handles the paperwork.
Do I need collateral for a IIM Bangalore 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.
More questions (13)
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 IIM Bangalore?
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 IIM Bangalore'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 IIM Bangalore?
PGP (two-year MBA): A bachelor's degree in any discipline with at least 50% marks (45% for SC, ST and PwD), or a CA, CS, CMA or FIAI qualification, plus a valid CAT score. Final-year students can apply.
What are placements like at IIM Bangalore?
MBA / PGP (graduated 2023-24): 517 of 517 graduates took jobs at a median salary of ₹32.5 Lakh a year, and 0 went on to higher studies.
What is the NIRF rank of IIM Bangalore?
2 in the NIRF 2025 management list.
Is IIM Bangalore a government business school?
IIM Bangalore is an institute of National Importance (Indian Institutes of Management Act, 2017).
Which scholarships can I combine with the loan at IIM Bangalore?
Need-based financial aid of 20%, 40%, 60%, 80% or 100% for PGP students with household income below ₹8 Lakh (below ₹6 Lakh for the PGPBA), decided on a financial score and a faculty interview. The Aditya Birla Scholarship of ₹1.75 Lakh for top PGP students, renewable in the second year for the top 25% of the batch. Government means scholarships that cover full tuition for SC and ST students, ₹2.55 Lakh a year for students with disabilities, and ₹48,000 a year from NTPC for SC, ST and PwD students in the second year. The Employment in Social Sector Scholarship refunds a third of the fees for each of the first three years a graduate works in the social sector. EPGP: 12 merit scholarships of ₹8 Lakh, 7 merit-cum-means scholarships of ₹6 Lakh for diversity candidates, and ₹4 Lakh for the top five students after the second term. PhD: tuition waived, a ₹52,000 monthly stipend, an HRA of ₹26,500 a month and research and travel grants of up to ₹4.4 Lakh. BSc: need-based financial aid. BBA: a 50% fee waiver for SC, ST and PwD students.
Figures on this page were checked on 8 Nov 2026 against the sources linked in each section.
Get your IIM Bangalore 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.