Small Breakdown
step one 1. Loan isn’t admissible to have AFGIS -Desktop computer Financing APPLICA TION For the Pointers (a) Fees of financing av.
Description
Loan is not admissible having (a) Cost out-of mortgage availed private Computer ordered before. (b) Re-functioning individuals. (c) Acquisition of used Personal computer. (d) Whenever Personal computer get better are a fantastic out of Govt. (e) Airmen who possess less than a couple of years out-of service and you may officers whoever fee isn’t confirmed (half a year). (f) NCs(E) that have below 10 yrs. out of services or with other AFGIS financing. (g) Non-person in Latest Strategy regarding AFGIS. (h) Airmen which have below 5 years solution & have already availed any mortgage out-of AFGIS.
dos. Enhancement from present loan for sale out-of Computer is even admissible just after. Next financing are admissible immediately after clearing earliest financing. step three. At this time interest billed are % pa on the month-to-month sleeping basis that is floating speed. Repaying skill will be write-offs on the all of the account regarding pay and you may allowances of associate like the EMI with the mortgage sanctioned isn’t so you’re able to exceed 80% of your own emoluments. cuatro. While the mortgage is actually approved no changes in roentgen/o term, level of financing, Financial facts otherwise level of instalments might be amused 5. Voluntary limited / lumpsum reimburse away from loan a fantastic each time is permissible not more than once. Full reimburse can be made ahead of twentieth off thirty day period getting the 
main balance round out to next rupee. six. Bucks receipt about Providers/Agency indicating the fresh create, design and bill no of your Pc an such like, approved on name regarding Applicant will be published to AFGIS of the debtor with in one month throughout the date out of dilemma of cheque duly attested. seven. A part who sales a computer of loan from AFGIS isn’t permitted to sell prior to liquidating the borrowed funds. 8. Citation of any of the recommended fine print commonly render brand new borrower accountable for refund of a great mortgage having need for that lumpsum 9. Cheque for the amount borrowed manufactured in go for of the individual and additionally be despatched to the Applicant’s unit address simply. 10. Participants that have several abuse records (Red/ Black) of course, if eight ages haven’t lapsed out-of past admission, won’t be qualified to receive financing regarding Neighborhood. This can not are entries incurred while in the abinitio degree. 11. Operating payment Rs.200/- (low refundable) is deducted from the sactioned loan amount. twelve. EMI thanks to IRLA of the individual commonly commence out-of spend away from next month in which cheque try awarded alongwith fractional attract about big date out-of issue of cheque to finish of this times. 13. Mortgage demand in respect ones that availed Finally detachment will be experienced on the quality therefore the amount tend to appropriately score limited.
Rules Having Filling up 1. The application is usually to be filled inside the solitary backup immediately following guaranteeing eligibility from loan according to code. dos. Cross-out terms that are not relevant. Zero line is to be kept empty. Unfinished software would-be declined during the toto. step three. The applying must become countersigned from the AOC/Stn Cdr. In respect of Officer/airmen posted to Air Head office, the application form is required to be countersigned by the the respective Prominent Director. 4. No sheet from application will be detached. 5. Agreement means attached to the applying could be filled during the all of the value and you will closed of the candidate in the bottom regarding the fresh new webpage properly saw because of the several individuals. six. Big date and you may count is not is written in Agreement setting and you may Contingent Bill. (Based on Paying down strength, the total amount acknowledged might be filled by the AFGIS). seven.
(a) Newest shell out sneak in””0riginal (F-1517 for Officer / F-1523 to possess Airmen) is to be affixed alongwith the applying. (b) Proforma Charge (Appearing the cost of pc is also getting attached.)
8. Candidate will be to obviously county on contingent expenses, the A beneficial/c Zero, identity & branch of lender, the new cheque is usually to be issued. 9. Software is going to be sent so you’re able to AFGIS lower than a level letter of this new applicant’s product. 10. Suggest the new address to which the fresh new cheque is usually to be delivered by the article clearly in the app. EMI Chart To have Pc Get better – 09% On the Monthly Cutting Harmony Weeks 12
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