Fees

The total fee for the Class of 2024 cohort is INR 15.50 Lacs.

Detailed fee structure for Class of 2024:
Tuition Fee INR 9,33,559
Accommodation Food & Transport INR 3,80,000
Total Fee (exclusive of taxes) INR 13,13,559
Total Fee (Inclusive of 18% taxes) INR 15,50,000

After receiving an admissions offer, the applicant is required to pay an initial deposit of INR 88,500 to secure their seat. The remaining fee can be paid over four installments spanning over a year.


Type Amount Timeline
Initial deposit INR 88,500 As mentioned in the admissions offer letter
First fee installment  INR 3,65,375 25th June 2024
Second Fee Installment  INR 3,65,375 07-Nov-2024
Third Fee Installment  INR 3,65,375 07-Mar-2025
Fourth Fee Installment  INR 3,65,375 25-July-2025
Total Fees INR 1555000

One-time fee payment

Vedica Scholars, who pay the fee in one instalment upon acceptance of admission, can avail a discount of INR 1,00,000/- on the tuition fee. The waiver application reduces the total fee payable from INR 15,50,000/- to INR 14,50,000/- (including taxes) for 18 months.

Note: Scholarship holders cannot benefit from the one-time-payment waiver of INR 1,00,000 on their total fee.

Refund

The initial deposit of INR 88,500 is partially refundable. Candidates can opt for a refund before 25 July 2024. An amount of INR 75,000 will be credited back into the account by September 2024 Read more

Fee & Funding Options

Sl No Terms
1 Eligibility Student should be an Indian Resident & should be selected for VSPW Same Same Same
2 Course Duration  18 months Same Same Same
3 Loan amount  Max Unsecured up to 90% of the total cost of Education 15.5 L 15.5 L Upto 15 L
4 Rate of Interest  Starting at 9.50%* P.A. (Repo rate + 3.6% Spread) 9.25 - 9.75% 9.75 - 10.5% 11% onwards
5 Processing fee  1% (inclusive of GST) Rs 5900 Rs 5900 1% of the loan amount
6 Margin money 10% Nil Nil 20% of first year fee, for the remaining years 100% finance
7 Prepayment and foreclosure Charges Nil No locking period 6 months locking period Pre payment available, Part payment is not available
8 Maximum Moratorium Period Course duration + 6 months Course duration + 12 months Course duration + 12 months Course duration + 12 months
9 Repayment
  • Interest to be served during moratorium period
  • Post moratorium EMI repayment will start
  • Interest to be served during moratorium period
  • Post moratorium EMI repayment will start
  • Interest to be served during moratorium period
  • Post moratorium EMI repayment will start
  • Interest to be served during moratorium period
  • Post moratorium EMI repayment will start
10 Maximum Repayment Period 10 Years (excluding moratorium) 12 years 15 years 10 Years
11 Co-Applicant Parents / Spouse / Brother / Sister / Legal Guardian Immediate family member -Has to be in blood relation Immediate family member - Mother, Father, Sibling, Paternal & Maternal uncle Parents / Spouse / Sibling / Blood Relative / Parent in Law
12 Insurance As applicable Covered Covered Optional
13 Contact Details

North & East – Ankit Jain – +91-9654611713

South – Pramod Shetty – +91-9538397788

West – Prashant Singh - +91-7045359707

Central Team – Sandeep Date - +91-9819502354

 Mr. Anuj Kumar - +91-9718193604 Mr. Ojashvi Pandey - +91-9871395514 Gaurav Sikarwar - +91999035630

The Vedica Bursary

The Vedica Scholars Programme for Women aims to prepare women with the potential to achieve fulfilling careers. The total fee for the Programme stands at INR 18,00,000 for the Class of 2025. In recognition of their future potential, every admitted Scholar is awarded a Vedica Bursary of INR 2,50,000

Cost of the Programme: INR 18,00,000
Subsidy by Vedica: INR 2,50,000
Cost of the Programme to each Scholar: INR 15,50,000