Mortgage is not admissible to own AFGIS -Personal computer Mortgage APPLICA TION For your Information (a) Repayment away from loan availed private Pc bought before
step personal payday loan for poor credit Kingsland 1 step one. (b) Re-employed persons. (c) Acquisition of used Pc. (d) Whenever Computer advance is actually outstanding away from Govt. (e) Airmen with below 24 months of service and you may officers whoever fee isn’t verified (half a year). (f) NCs(E) who’ve below 10 yrs. regarding services otherwise together with other AFGIS mortgage. (g) Non-member of Most recent Plan out-of AFGIS. (h) Airmen which have below five years provider & have previously availed various other mortgage out of AFGIS. 2. Enhancement away from existing mortgage for sale out-of Personal computer is also admissible shortly after. 2nd mortgage is admissible once clearing earliest financing. 3. Presently interest billed pa towards month-to-month resting foundation which is floating rate. Settling potential could well be write-offs into the the account regarding the spend and you will allowances of your affiliate for instance the EMI to your financing approved is not so you can meet or exceed 80% of emoluments. 4. Given that financing is sanctioned no changes in r/o name, level of financing, Financial facts otherwise amount of instalments would-be entertained 5. Full refund can be produced ahead of twentieth out-of 1 month to own the principal harmony round out over second rupee. 6. Bucks bill in the Organization/Organization exhibiting this new make, design and statement no of one’s Computer system etc, given on the term out-of Candidate is usually to be submitted to AFGIS because of the borrower within a month in the day off problem of cheque duly attested. 7. A part exactly who commands a computer away from loan away from AFGIS isn’t allowed to sell prior to liquidating the borrowed funds. 8. Violation of every of your own prescribed small print have a tendency to render brand new debtor responsible for reimburse out of a fantastic loan having need for one lumpsum 9. Cheque into amount borrowed built in favour of the person and you will be despatched towards Applicant’s device target only. 10. Users which have 2 or more discipline records (Red/ Black) incase seven age haven’t lapsed out-of past admission, are not qualified to receive mortgage in the Neighborhood. This can not were entries incurred throughout the abinitio education. eleven. Operating fee Rs.200/- (non refundable) is subtracted from the sactioned amount borrowed. 12. EMI thanks to IRLA of the individual tend to initiate away from shell out off the following month in which cheque are given alongwith fractional focus on go out off dilemma of cheque to end of these few days. thirteen. Mortgage demand according of them that have availed Final detachment would be experienced towards merit therefore the number commonly accordingly score restricted.
Voluntary partial / lumpsum refund off financing a fantastic at any given time was permissible however over and over again
step 3 Directions To have Filling up 1. The application is to be filled for the single content just after guaranteeing qualifications of mortgage according to signal. 2. Cross out terms and conditions that aren’t relevant. Zero line will be left empty. Unfinished app would-be rejected in the toto. step three. The application form is required to be countersigned of the AOC/Stn Cdr. According of Administrator/airmen posted in order to Air Head office, the program is needed to end up being countersigned by the their particular Dominating Director. 4. Zero layer from form is usually to be isolated. 5. Contract function attached to the applying can also be filled inside the respect and you can signed from the candidate at the bottom regarding the new webpage properly witnessed of the several individuals. six. Date and you can matter is not become printed in Contract mode and you will Contingent Expenses. (Based on Repaying strength, the total amount recognized could well be filled from the AFGIS). seven. (a) Latest shell out sneak in””0riginal (F-1517 to possess Manager / F-1523 for Airmen) is usually to be affixed alongwith the application. (b) Proforma Invoice (Showing the expense of pc is additionally are attached.) 8. Applicant is always to demonstrably county toward contingent expenses, its An effective/c No, identity & department of bank, the fresh cheque is to be awarded. 9. Software would be sent in order to AFGIS significantly less than a layer page regarding brand new applicant’s tool. 10. Mean the fresh new address that the newest cheque is usually to be sent by the blog post certainly from the software. EMI Chart To possess Computer Advance – 09% On Month-to-month Cutting Balance Weeks