PM Vidyalaxmi Utkarsh institution
Education loan for IIT Jammu
Fees, programmes, a worked EMI example and how to get a collateral-free PM Vidyalaxmi loan for Indian Institute of Technology Jammu, Jammu, Jammu and Kashmir.
- Interest rate
- 7.10%
- Category
- Utkarsh
- Established
- 2016
- NIRF 2025
- #56
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
IIT Jammu education loan at a glance
Indian Institute of Technology Jammu 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.
- 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
- 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 IIT Jammu
IIT Jammu took its first batch of 82 students in 2016 and moved to its 400 acre Jagti campus, at the foothills of the Shivaliks on NH 44, in August 2017.
- Established
- 2016
- Status
- Institute of National Importance (Institutes of Technology Act, 1961)
- Location
- Jammu, Jammu and Kashmir
- NIRF 2025
- 56 (Engineering)
- AISHE code
- U-0906
Courses
Programmes at IIT Jammu
For 2026-27, IIT Jammu lists 380 JoSAA seats. B.Tech Computer Science and Engineering is the biggest with 50, and B.Tech Engineering Physics the smallest with 35.
UG UG programmes
| Programme | Duration | Seats |
|---|---|---|
| B.Tech Chemical Engineering | 4 years | 40 |
| B.Tech Civil Engineering | 4 years | 40 |
| B.Tech Computer Science and Engineering | 4 years | 50 |
| B.Tech Electrical Engineering | 4 years | 40 |
| B.Tech Engineering Physics | 4 years | 35 |
| B.Tech Mathematics and Computing | 4 years | 50 |
| B.Tech Mechanical Engineering | 4 years | 40 |
| B.Tech Unified Engineering | 4 years | 45 |
| B.Tech Materials and Metallurgical Engineering | 4 years | 40 |
380 seats in 9 programmes.
Source: JoSAA 2026 seat matrix
Getting in
Admission and eligibility at IIT Jammu
B.Tech and B.S.
JEE Advanced rank and JoSAA counselling
Source: JoSAA 2026
Fee structure
IIT Jammu fees: B.Tech 2026 batch, fees for AY 2026-27
| Fee | Amount |
|---|---|
| Tuition per semester (family income above ₹5 lakh) | ₹1,00,000 |
| Semester fee, shared room (establishment, maintenance, hostel) | ₹33,240 |
| Semester fee, single room | ₹38,710 |
| Annual fee, odd semesters | ₹3,410 |
| One-time payment at admission | ₹7,220 |
| Security fee, refundable | ₹10,000 |
| Whole course, about | ₹10.87 Lakh |
Eight semesters of tuition and the shared-room semester fee, four annual fees and the one-time payment, at 2026-27 rates. IIT Jammu says fees other than tuition rise 7% a year, mess is billed separately and the refundable security fee is left out. Tuition is ₹33,333 a semester for family income of ₹1 to 5 lakh and nil below ₹1 lakh or for SC, ST and PH students.
Finance your ₹10.87 Lakh course
A PM Vidyalaxmi loan can cover the B.Tech 2026 batch, fees for AY 2026-27 fee at IIT Jammu, 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 IIT Jammu
Set to a loan of ₹10.32 Lakh (the B.Tech 2026 batch, fees for AY 2026-27 fee of ₹10.87 Lakh less the 5% margin), the Utkarsh rate of 7.10%, and repayment starting 2 years from now (the 1-year course plus 12 months). Change any number to see your EMI.
Loan details
Your EMI breakdown
Monthly EMI after the moratorium
₹10,638
for 180 months
- Loan amount
- ₹10,30,000
- Total interest
- ₹8,84,917
- Total amount you repay
- ₹19,14,917
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
IIT Jammu rankings, placements and higher studies
IIT Jammu is ranked 56 in the NIRF 2025 engineering list.
| Batch | Graduated | Placed | Median salary | Higher studies |
|---|---|---|---|---|
| UG 4-year (graduated 2023-24) | 178 | 113 | ₹11.7 Lakh a year | 19 |
| PG 2-year (graduated 2023-24) | 69 | 48 | ₹9.15 Lakh a year | 6 |
208 full-time Ph.D scholars were enrolled in 2023-24.
Source: NIRF 2025 data file
Living and support
Hostel, scholarships and life at IIT Jammu
Scholarships
- •National and state scholarships facilitated by the institute
These come on top of the PM Vidyalaxmi interest subsidy.
Source: JoSAA 2026
Studying in Jammu
Jammu airport at Satwari is about 15 km away, the railway station about 13 km and the bus stand about 12 km. Buses towards Katra stop in front of the Jagti campus. Prepaid SIMs from other states do not work in Jammu and Kashmir.
Source: JoSAA 2026
PM Vidyalaxmi
PM Vidyalaxmi benefits for IIT Jammu 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 IIT Jammu. 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
IIT Jammu 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 IIT Jammu
- 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 IIT Jammu 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 IIT Jammu, 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 IIT Jammu.
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
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FAQs
IIT Jammu education loan FAQs
What is the education loan interest rate for IIT Jammu?
About 7.10% a year at public sector banks under PM Vidyalaxmi, because IIT Jammu is in the Utkarsh category. The rate is floating and moves with the RBI repo rate. The bank sets the final rate.
Is IIT Jammu covered under the PM Vidyalaxmi scheme?
Yes. Indian Institute of Technology Jammu (AISHE code U-0906) in Jammu, Jammu and Kashmir is on the PM Vidyalaxmi list in the Utkarsh category.
What does B.Tech 2026 batch, fees for AY 2026-27 cost at IIT Jammu?
About ₹10.87 Lakh for the whole course. Eight semesters of tuition and the shared-room semester fee, four annual fees and the one-time payment, at 2026-27 rates. IIT Jammu says fees other than tuition rise 7% a year, mess is billed separately and the refundable security fee is left out. Tuition is ₹33,333 a semester for family income of ₹1 to 5 lakh and nil below ₹1 lakh or for SC, ST and PH students.
Do I need collateral for a IIT Jammu 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 IIT Jammu?
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 IIT Jammu'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 IIT Jammu?
B.Tech and B.S.: JEE Advanced rank and JoSAA counselling
What are placements like at IIT Jammu?
UG 4-year (graduated 2023-24): 113 of 178 graduates took jobs at a median salary of ₹11.7 Lakh a year, and 19 went on to higher studies.
What is the NIRF rank of IIT Jammu?
56 in the NIRF 2025 engineering list.
Is IIT Jammu a government engineering institute?
IIT Jammu is an institute of National Importance (Institutes of Technology Act, 1961).
Which scholarships can I combine with the loan at IIT Jammu?
National and state scholarships facilitated by the institute
Figures on this page were checked on 4 Nov 2026 against the sources linked in each section.
Get your IIT Jammu 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.