Hi Jay,
If you get Computer Science, IT or MS-SE, your loan might be worth it. Overall cost of living in VIT will be high and you need to keep your focus high. Know where you are coming from and concentrate to secure a really good job at the end of 4 years. It might just be worth it. If you get any other stream, might not be that useful.
I hope I didn’t discourage you too much. All the best