First, Understand How Five-Year IPM Fees Work
Most IIMs publish the fees for the first three undergraduate years separately.
The fourth and fifth years are generally charged according to the MBA fee prevailing when the student enters the MBA phase.
Therefore, an exact five-year total shown today is usually an estimate, not a guaranteed price.
Latest Published IPM Fee Snapshot
| IIM | First Three Years: Latest Published Amount | Important Exclusions/Notes |
|---|---|---|
| Indore | ₹18 lakh course fee | ₹6 lakh per year; Years 4–5 are charged at the prevailing PGP fee |
| Rohtak | Approximately ₹18.66 lakh programme fee | Approximately ₹6.22 lakh per year before certain deposits and charges; Years 4–5 are charged at the prevailing PGP fee |
| Ranchi | ₹17.25 lakh | Excludes caution deposit, alumni fee and mess charges; Years 4–5 are charged at the prevailing MBA fee |
| Shillong | ₹11.43 lakh | ₹3.05 lakh tuition and ₹0.76 lakh non-academic expenses per year; Years 4–5 are charged at the prevailing PGP fee |
| Amritsar | ₹17.75 lakh | Includes a refundable caution component; mess charges are paid separately; the MBA fee applies later |
| Jammu | Approximately ₹20.38 lakh | Additional ₹50,000 refundable caution deposit, mess and energy charges; Years 4–5 are charged at the prevailing MBA fee |
| Bodh Gaya | Approximately ₹14.25 lakh | The published 2026 base fee is approximately ₹4.75 lakh per year; check deposits, mess and other charges separately |
Other IIM Undergraduate Fee Examples
| Programme | Latest Published Tuition/Programme Fee | Note |
|---|---|---|
| IIM Kozhikode BMS | ₹7 lakh per year | Hostel and mess charges are additional |
| IIM Sirmaur BMS | ₹22.73 lakh in total | Four-year programme; additional ₹20,000 caution deposit |
| IIM Sambalpur BS Programmes | Approximately ₹25 lakh in total | Four-year programme; official/PIB 2026 figure, subject to revision |
| IIM Mumbai BS | ₹31.20 lakh in total | Four-year published 2026 fee |
| IIM Lucknow BS AI & BA | ₹5 lakh per year as tuition | Four-year 2026 notice; verify additional charges |
| IIM Bangalore BBA DBE | ₹4.50 lakh total tuition | Three-year online programme; 50% fee waiver for SC/ST/PwD students in 2026 |
| IIM Udaipur BBA (Hons) | ₹5 lakh cumulative tuition | Digital-first programme: ₹0.5 lakh + ₹1 lakh + ₹1.5 lakh + ₹2 lakh by year |
Important: Do Not Compare Only the Tuition Fee
Students and families should also account for:
- Hostel charges.
- Mess expenses.
- Laptop and study-material costs.
- Travel expenses.
- Refundable and non-refundable deposits.
- International exchange expenses, where applicable.
- Annual fee revisions.
- Interest costs if the programme is financed through an education loan.
How an IIM Education Loan Works
- Secure admission and download the official offer letter and fee schedule.
- Compare education-loan products based on the interest rate, floating-rate benchmark, collateral requirement, co-borrower requirement, moratorium and prepayment conditions.
- Apply through the PM-Vidyalaxmi portal, a bank’s education-loan portal or the institute’s designated bank branch.
- Submit the required documents, including:
- KYC documents.
- Class X and XII marksheets.
- Entrance examination result.
- Admission offer or proof of admission.
- Official cost and fee schedule.
- Co-applicant income documents.
- Bank statements.
- After the loan is sanctioned, the bank normally disburses the programme fees term-wise directly to the institute.
- Interest may continue to accumulate during the course and moratorium period. Repayment begins according to the conditions stated in the loan-sanction letter.
PM-Vidyalaxmi: The Useful Part
For merit-based admission to designated Quality Higher Education Institutions, PM-Vidyalaxmi provides a digital route to collateral-free and guarantor-free education loans.
Students with a family income of up to ₹8 lakh may qualify for a 3% interest subvention on education loans of up to ₹10 lakh during the moratorium period, subject to the scheme’s rules.
Students must check whether their institution, programme and admission route qualify under the scheme.
SBI’s Scholar Loan is one example of an education-loan product for students entering selected institutions.
It currently lists:
- Up to 100% financing.
- No processing fee.
- A repayment period of up to 15 years.
- Security requirements that vary according to the institute’s category.
Always compare the actual loan-sanction letters instead of relying only on an advertisement or general product page.
Before Signing the Loan
- Calculate the total interest under a realistic repayment scenario.
- Confirm which expenses are covered by the loan.
- Check the margin-money requirement.
- Confirm collateral and co-borrower requirements.
- Read the insurance and prepayment clauses.
- Keep a lower-fee college option available until the family is comfortable with the complete financial plan.
Setwise can help a family place expected examination options, programme fees and the likely education-loan requirement on one decision sheet before the student locks their college preference.
Source Check
Official IIM fee pages and 2026 fee documents.
PIB PM-Vidyalaxmi update dated 29 July 2026.
SBI Scholar Loan page updated on 23 July 2026.