Great Lakes Batch 2009

[s1v1979]

Hi seniors,
Seems like next and final installment is stated as 31st march in emails ppl r getting. Can u plz shed light on how this can be achieved for ppl who r planning to take loan from Indian bank (via GLIM)?? Whom we need to contact to get this loan and how long will it take to have the loan approved? Will GLIM wait till the loan is approved? Ur response is appreciated.

[nihitbansal]

u got thru any other college

Originally Posted by hameed

I sent my acceptance at 4:50 and got ack at 4:52

Adcom office closes at 5 pm...so those who sent after 5 pm may get ack tomorow morning..



Get hold of the economics and accounting text books of 11th or 12th cbse...u can buy them for cheap...use the one month or so left to cover up the basics...hope this helps


Rock on!
hameed

[nihitbansal]

so u ust be joining huk....gr8 yaar...........its a sexy college whts ur profile??

Originally Posted by cat_spidey

yes ofcourse without any doubt...
what about you...

[MenRoh]

Any updates bout the laptop ??

Brand ?
Cost ?

Btw......transferred 50k online and send at email
No hard copy receipt available. Guess mail with details should suffice.

We need more current GLakers on PG to clear the hordes of doubts floating around ??
Anybody there ??

[george.kaipanat]

HI Seniors,

I need info on the s/w that is mentioned as part of the fee schedule

Could you let me know details of the software mentioned? Is it proprietary software or something like Windows? The reason I'm asking is because if it is Windows XP, then I already have it in my laptop. If it is proprietary, then there is no problem.

[nostalgiuz]

Originally Posted by rohit.088

Hi,

Another mail is about second installment. It says

Is this 50000 same as the money which we are giving before 15 or is it in addition to that??

Seniors please reply.

Regards,
Rohit

Originally Posted by s1v1979

Hi seniors,
Seems like next and final installment is stated as 31st march in emails ppl r getting. Can u plz shed light on how this can be achieved for ppl who r planning to take loan from Indian bank (via GLIM)?? Whom we need to contact to get this loan and how long will it take to have the loan approved? Will GLIM wait till the loan is approved? Ur response is appreciated.

@Rohit...if you are taking a loan of more than 4 Lacs from the bank then you are required to provide something called as margin money...if you read the loan details doc attached with second installment mail it clearly states that for loan > 4 lac margin is 5% of total...which implies that if you take a loan for 5 lacs, technicaly speaking you have to give a margin payment of 25,000 to the bank. Now the 50,000 you have paid to Great lakes before 15th March will be used as the margin amount and hence you need not pay any margin money even if you are taking a loan of 5 lacs.....hope ur doubt is cleared..

@S1v...the docs attached with the second installment mail clearly lay down the guidelines to be followed if you are to avail a loan from Indian Bank..pls read the same and then post queries...

Me planing to take the Indian Bank loan as it is given at 11% where as a lot of nationalized banks are currently charging 12.5 - 13%...

Cheers
Rj

[mkamalr]

For all the PUYs curious to know.... I spoke to the adcom people this morning... As we know the initial 50K is not refundable... Also the subsequent installment i.e. 5 Lacs is not refundable... whether you take the admission or you decline... Money once paid shall not be refunded... Also if you are taking the indian bank loan and then you want to discontinue for some reason (like if you get admission in some other college...) You will still have to pay the money for the loan as the money will straightaway go to GLakes and will not be credited to you...

[george.kaipanat]

Originally Posted by mkamalr

For all the PUYs curious to know.... I spoke to the adcom people this morning... As we know the initial 50K is not refundable... Also the subsequent installment i.e. 5 Lacs is not refundable... whether you take the admission or you decline... Money once paid shall not be refunded... Also if you are taking the indian bank loan and then you want to discontinue for some reason (like if you get admission in some other college...) You will still have to pay the money for the loan as the money will straightaway go to GLakes and will not be credited to you...

Oh! thats bad!!

[The River Card]

Hi all,

This is for the information for all those who are planning to take admission offer at Great Lakes!

I have been talking to adcom, current students and glakes fin dept about fee refund policy after I got email yesterday that one has to pay full fees by March 31.

It seems written Refund policy says that one WILL NOT get single Rupee (may be except for Rs. 10000 (refundable deposit)) after March 31 even if he/she does not join the course and withdraw admission in first week april or so.

So all those who have other final calls waiting either need to let Rs. 6 lakh go or that other admit go.

This makes each one of us to think and introspect.

Rest is left to each one of you about what is to be done.

P.S. I have shot an email to adcom asking for proof in written, as and when I get written reply, I will let everyone know.

[mkamalr]

Originally Posted by The River Card

Hi all,

This is for the information for all those who are planning to take admission offer at Great Lakes!

I have been talking to adcom, current students and glakes fin dept about fee refund policy after I got email yesterday that one has to pay full fees by March 31.

It seems written Refund policy says that one WILL NOT get single Rupee (may be except for Rs. 10000 (refundable deposit)) after March 31 even if he/she does not join the course and withdraw admission in first week april or so.

So all those who have other final calls waiting either need to let Rs. 6 lakh go or that other admit go.

This makes each one of us to think and introspect.

Rest is left to each one of you about what is to be done.

P.S. I have shot an email to adcom asking for proof in written, as and when I get written reply, I will let everyone know.

I believe thats extremely unfair... They are taking undue advantage of not being AICTE approved... I mean if at all someone does not want to join due to some personal reasons.. a stipulated fine amount should be deducted and the rest should be returned to the individual... wassay puys??