PM Vidyalaxmi Uttam institution
Education loan for IISER Pune
Fees, programmes, a worked EMI example and how to get a collateral-free PM Vidyalaxmi loan for Indian Institute of Science Education and Research Pune, Pune, Maharashtra.
- Interest rate
- 8.85%
- Category
- Uttam
- Established
- 2006
- BS-MS dual degree fees
- ₹6.41 Lakh
- NIRF 2025
- #55
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
IISER Pune education loan at a glance
Indian Institute of Science Education and Research Pune is on the PM Vidyalaxmi list in the Uttam category, so a public sector bank can fund your course at about 8.85%, with no collateral and no guarantor under the scheme. The BS-MS dual degree costs ₹6,40,695 in fees. After the 5% margin the loan is ₹6,08,660, which works out to an EMI of about ₹8,191 over 15 years.
- PM Vidyalaxmi category
- Uttam (one of three bands on the government list)
- Interest rate
- 8.85% 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
- BS-MS dual degree cost
- ₹6,40,695 for 5 years (official 2026 batch fee sheet)
- Loan after the margin
- ₹6,08,660. You pay the 5% margin of ₹32,035
- EMI on the loan
- ₹8,191 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 IISER Pune
IISER Pune is one of seven Indian Institutes of Science Education and Research, set up by the Ministry of Education to bring research into undergraduate teaching. It opened in 2006 and became an Institute of National Importance by an Act of Parliament in 2012, so it awards its own degrees. The 98-acre campus is in Pashan, a short walk from Baner and Aundh.
- Established
- 2006
- Status
- Institute of National Importance since 2012
- Run by
- Ministry of Education, Government of India
- Campus
- 98 acres in Pashan, Pune
- Departments
- 8, from Biology to Data Science
- Faculty
- 139 full-time
- Students
- 1,233 BS-MS, 73 MS and M.Sc., 673 PhD and Integrated PhD
- NIRF 2025
- 55 overall, 35 among research institutions
- Nature Index 2024
- 13th in India for research output
- AISHE code
- U-0305
Recognition. As an Institute of National Importance set up by an Act of Parliament, IISER Pune grants its own BS-MS, M.Sc., MS and PhD degrees without affiliation to any university.
Sources: IISER Pune Institute Profile 2025, IISER Pune About page (NIRF 2025 ranks)
Why students pick it
What makes IISER Pune stand out
Research from the first year
BS-MS students learn in research labs, not only classrooms, and a full year of the programme goes to a research project or internship that ends in a thesis.
Broad science before a major
The first three semesters cover biology, chemistry, mathematics, physics and the humanities. Students pick their major only after that.
Strong research record
Around 500 research papers a year, 46 patents granted, and 13th in India on the 2024 Nature Index.
Low government fees
Tuition is ₹51,346 a semester for 2026, and SC, ST and PwBD students pay no tuition at all.
Centres students can work with
An I-Hub for quantum technology, the Atal Incubation Centre for start-ups, and centres for energy, water and data science.
A route into research careers
Of 223 BS-MS students who graduated in 2024-25, 80 went on to higher studies such as a PhD, and 15 took jobs.
Sources: IISER Pune Institute Profile 2025, IISER Pune data submitted for NIRF 2026
Courses
Programmes at IISER Pune
IISER Pune teaches UG, PG and doctoral programmes in the basic sciences. The BS-MS is its main entry point straight after Class 12.
UG UG programmes
| Programme | Duration | Seats |
|---|---|---|
| BS-MS dual degree (BS and MS together) | 5 years | 288 |
PG PG programmes
| Programme | Duration |
|---|---|
| M.Sc. Chemistry | 2 years |
| MS Mathematics and Computing | 2 years |
| MS Quantum Technology | 2 years |
PhD Doctoral programmes
| Programme | Duration |
|---|---|
| Integrated PhD (Biology, Mathematics, Physics) | 6 years |
| PhD in eight departments | 5 years |
288 BS-MS seats in 2026, and a sanctioned PG intake of 50 a year.
Sources: IISER Aptitude Test 2026 information brochure, IISER Pune Institute Profile 2025
Getting in
Admission and eligibility at IISER Pune
BS-MS
IISER Aptitude Test (IAT) 2026 is the only route. You need Class 12 passed in 2024, 2025 or 2026 with at least three of biology, chemistry, mathematics and physics, and 60% in aggregate (55% for SC, ST and PwD). The application fee is ₹2,000 (₹1,000 for SC, ST and PwD). On an offer you pay a ₹35,000 seat acceptance fee, which is adjusted against the first semester fee.
M.Sc. Chemistry
Shortlisting on JAM 2026 Chemistry rank, with 60% in a B.Sc. that has chemistry as a main subject (55% for SC, ST and PwD).
MS Mathematics and Computing
A written multiple-choice test at the Pune campus, open to B.Sc. or B.Tech graduates with 60% (55% for SC, ST and PwD).
MS Quantum Technology
Selection on GATE or JAM rank, with no interview. You need 60% or a CGPA of 6 in a science or engineering degree.
Integrated PhD and PhD
Each department runs its own selection once a year.
Sources: IISER Aptitude Test 2026 information brochure, IISER Pune Master's admissions
Fee structure
IISER Pune fee structure
Every figure below is copied from the official fee sheet for each programme, and the totals are worked out from it.
BS-MS dual degree (2026 batch, 5 years)
| Fee | When | Amount | Over 5 years |
|---|---|---|---|
| Admission fee | One time | ₹3,000 | ₹3,000 |
| Hostel admission fee | One time | ₹1,000 | ₹1,000 |
| Alumni fee | One time | ₹1,000 | ₹1,000 |
| Student benevolent fee | One time | ₹1,000 | ₹1,000 |
| Convocation fee | One time | ₹3,500 | ₹3,500 |
| Caution deposit (refundable) | One time | ₹10,000 | ₹10,000 |
| Medical insurance | Every year | ₹3,547 | ₹17,735 |
| Tuition fee | Every semester | ₹51,346 | ₹5,13,460 |
| Facilities fee | Every semester | ₹3,000 | ₹30,000 |
| Examination and grade card fee | Every semester | ₹800 | ₹8,000 |
| Hostel fee | Every semester | ₹5,200 | ₹52,000 |
| Total course fees | ₹83,393 first semester | ₹6,40,695 |
- •SC, ST and PwBD students pay no tuition, so their first semester is ₹32,047.
- •Mess food is billed at actual cost and is not on the fee sheet.
- •The 5-year total assumes 2026 rates for every semester. IISER Pune revises fees from time to time.
Source: IISER Pune BS-MS 2026 batch fee structure (6 July 2026)
Fees for other programmes at IISER Pune
| Programme | Batch | Length | Total fees |
|---|---|---|---|
| M.Sc. | 2026 batch | 2 years | ₹2,66,084 |
Source: IISER Pune M.Sc. 2026 batch fee structure (3 June 2026)
See the full fee sheet for each programme
M.Sc. (2026 batch, 2 years)
| Fee | When | Amount | Over 2 years |
|---|---|---|---|
| One-time fees (admission, hostel admission, alumni, benevolent, convocation) | One time | ₹9,500 | ₹9,500 |
| Caution deposit (refundable) | One time | ₹10,000 | ₹10,000 |
| Tuition fee | Every semester | ₹51,346 | ₹2,05,384 |
| Facilities fee | Every semester | ₹3,000 | ₹12,000 |
| Examination and grade card fee | Every semester | ₹800 | ₹3,200 |
| Hostel fee | Every semester | ₹6,500 | ₹26,000 |
| Total course fees | ₹81,146 first semester | ₹2,66,084 |
- •Medical insurance is charged as applicable and mess at actual cost, so neither is in the total.
- •SC, ST and PwBD students pay no tuition, so their first semester is ₹29,800.
Source: IISER Pune M.Sc. 2026 batch fee structure (3 June 2026)
Worked example
Loan and EMI for the BS-MS dual degree at IISER Pune
This takes the full BS-MS dual degree fee of ₹6,40,695 from the official 2026 batch fee sheet. You pay the 5% margin of ₹32,035 yourself, and the bank lends the remaining ₹6,08,660 at the Uttam rate of 8.85%. The bank pays the fee to IISER Pune one semester at a time. Repayment starts 6 years later, after the 5-year course and a 1-year grace period, and runs for 15 years.
| No subsidy | With 3% subsidy | |
|---|---|---|
| Course fees | ₹6,40,695 | ₹6,40,695 |
| You pay (5% margin) | ₹32,035 | ₹32,035 |
| Loan | ₹6,08,660 | ₹6,08,660 |
| Interest rate during study | 8.85% | 5.85% |
| Interest built up over 6 years | ₹2,06,061 | ₹1,36,210 |
| Loan when EMIs start | ₹8,14,721 | ₹7,44,870 |
| EMI for 15 years at 8.85% | ₹8,191 | ₹7,489 |
| Total interest paid | ₹8,65,702 | ₹7,39,296 |
| Total repaid | ₹14,74,362 | ₹13,47,956 |
Interest only on what is paid out
Because the fee goes out semester by semester, interest during study is ₹2,06,061. If the whole ₹6,08,660 were paid out on day one it would be ₹3,23,199, so you save about ₹1,17,138.
Pay interest while you study
Paying simple interest as it builds keeps the loan at ₹6,08,660. It starts small and reaches about ₹4,489 a month in the final semester, and the EMI then drops to ₹6,119.
Shorter repayment
Over 10 years instead of 15, the EMI is ₹10,255 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 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: IISER Pune BS-MS 2026 batch fee structure (6 July 2026), PM Vidyalaxmi portal
Finance your ₹6.41 Lakh course
A PM Vidyalaxmi loan can cover the BS-MS dual degree fee at IISER Pune, 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 IISER Pune
Set to a loan of ₹6.09 Lakh (the BS-MS dual degree fee of ₹6.41 Lakh less the 5% margin), the Uttam rate of 8.85%, and repayment starting 6 years from now (the 5-year course plus 12 months). Change any number to see your EMI.
Loan details
Your EMI breakdown
Monthly EMI after the moratorium
₹9,389
for 180 months
- Loan amount
- ₹6,10,000
- Total interest
- ₹10,80,053
- Total amount you repay
- ₹16,90,053
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
IISER Pune rankings, placements and higher studies
IISER Pune is ranked 55 in the NIRF 2025 overall list. It is also 35th among research institutions.
| Batch | Graduated | Placed | Median salary | Higher studies |
|---|---|---|---|---|
| BS-MS, graduated 2024-25 | 223 | 15 | ₹11.4 Lakh a year | 80 |
| BS-MS, graduated 2023-24 | 167 | 12 | ₹11.95 Lakh a year | 98 |
| PG, graduated 2023-24 | 27 | 1 | ₹8 Lakh a year | 9 |
Most IISER Pune graduates choose research over jobs, so the number placed is small. The median salary is for those who took jobs.
Sources: IISER Pune data submitted for NIRF 2026, IISER Pune About page (NIRF 2025 ranks)
Living and support
Hostel, scholarships and life at IISER Pune
Hostel
Students live in three multi-storey hostels on campus, one for women and two for men. Rooms come furnished, with Wi-Fi in common rooms, a washing machine on every floor, a gym, a music room and a wellness clinic open round the clock. Food comes from outsourced caterers, checked by a mess committee of students, staff and faculty. A State Bank of India branch is nearby and there is an SBI ATM on campus.
Source: IISER Pune Hostel page
Scholarships
- •INSPIRE, from the Department of Science and Technology, is the main scholarship for BS-MS students now that KVPY has ended.
- •State government and central ministry scholarships also apply, but a student can draw only one scholarship at a time.
- •Students in financial difficulty can apply to the institute's Financial Assistance Committee, subject to endowment funds.
These come on top of the PM Vidyalaxmi interest subsidy.
Source: IISER Pune BS-MS Handbook of Guidelines, October 2022
Studying in Pune
The campus is in Pashan, in west Pune, close to other education and research institutions. Baner and Aundh, with shops, banks and transport, are a few minutes' walk away, and a city bus stop is right outside the main gate.
PM Vidyalaxmi
PM Vidyalaxmi benefits for IISER Pune 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 IISER Pune. 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
IISER Pune is in the Uttam band, so public sector banks lend at about 8.85%.
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 IISER Pune
- 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 IISER Pune 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 IISER Pune, 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 IISER Pune.
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
IISER Pune education loan FAQs
What is the education loan interest rate for IISER Pune?
About 8.85% a year at public sector banks under PM Vidyalaxmi, because IISER Pune is in the Uttam category. The rate is floating and moves with the RBI repo rate. The bank sets the final rate.
Is IISER Pune covered under the PM Vidyalaxmi scheme?
Yes. Indian Institute of Science Education and Research Pune (AISHE code U-0305) in Pune, Maharashtra is on the PM Vidyalaxmi list in the Uttam category.
How much does the BS-MS dual degree at IISER Pune cost?
₹6,40,695 in fees over 5 years at 2026 batch rates, from the official fee sheet. The first semester is ₹83,393. Mess food is billed at actual cost and is not on the fee sheet.
What will my EMI be for a IISER Pune education loan?
If you borrow ₹6,08,660 (the fee less the 5% margin) at 8.85%, interest builds to ₹2,06,061 by the time repayment starts, and the EMI is about ₹8,191 a month for 15 years. With the 3% subsidy it falls to about ₹7,489.
Do I need collateral for a IISER Pune 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 IISER Pune?
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 IISER Pune'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 IISER Pune?
BS-MS: IISER Aptitude Test (IAT) 2026 is the only route. You need Class 12 passed in 2024, 2025 or 2026 with at least three of biology, chemistry, mathematics and physics, and 60% in aggregate (55% for SC, ST and PwD). The application fee is ₹2,000 (₹1,000 for SC, ST and PwD). On an offer you pay a ₹35,000 seat acceptance fee, which is adjusted against the first semester fee.
What are placements like at IISER Pune?
BS-MS, graduated 2024-25: 15 of 223 graduates took jobs at a median salary of ₹11.4 Lakh a year, and 80 went on to higher studies.
What is the NIRF rank of IISER Pune?
55 in the NIRF 2025 overall list. It is also 35th among research institutions.
Is IISER Pune a government institute?
IISER Pune is an institute of National Importance (2012), autonomous under the Ministry of Education.
Which scholarships can I combine with the loan at IISER Pune?
INSPIRE, from the Department of Science and Technology, is the main scholarship for BS-MS students now that KVPY has ended. State government and central ministry scholarships also apply, but a student can draw only one scholarship at a time. Students in financial difficulty can apply to the institute's Financial Assistance Committee, subject to endowment funds.
Figures on this page were checked on 7 Nov 2026 against the sources linked in each section.
Get your IISER Pune 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.