step one 1. Mortgage is not admissible to own AFGIS -Desktop computer Loan APPLICA TION To suit your Suggestions (a) Repayment out-of financing av.
Financing is not admissible for (a) Repayment out-of financing availed private Desktop ordered before. (b) Re-working people. (c) Acquisition of used Computer. (d) Whenever Pc improve was an excellent away from Govt. (e) Airmen who possess less than 2 yrs out-of services and you can officials whose payment isn’t affirmed (6 months). (f) NCs(E) with less than ten yrs. from provider or together with other AFGIS loan. (g) Non-person in Most recent System of AFGIS. (h) Airmen that have lower than five years services & have availed some other financing out of AFGIS.
2. Improvement out-of established financing for purchase of Pc is additionally admissible once. 2nd mortgage is actually admissible just after clearing basic mortgage. step three. Currently notice charged is % pa toward month-to-month sleep base which is floating speed. Repaying capabilities could be write-offs on the account regarding the pay and you can allowances of the member such as the EMI into the loan approved is not to meet or exceed 80% of emoluments. cuatro. Just like the financing was approved zero alterations in roentgen/o label, number of loan, Lender information otherwise amount of instalments might be captivated 5. Voluntary partial / lumpsum reimburse off mortgage an excellent at any given time are permissible not more than once. Complete reimburse can be produced just before twentieth out-of thirty days to own the principal balance rounded out over second rupee. six. Bucks receipt regarding Company/Corporation indicating the fresh new create, model and you can costs zero of Computer an such like, provided regarding term out-of Candidate is going to be published to AFGIS by borrower within 30 days about date of problem of cheque duly attested. 7. An associate who purchases some type of computer off mortgage off AFGIS isn’t permitted to sell it just before liquidating the mortgage. 8. Pass of every of your prescribed terms and conditions often render the fresh new debtor liable for reimburse away from a fantastic mortgage which have interest in one lumpsum 9. Cheque toward loan amount built in rather have of the individual and also be despatched on Applicant’s unit target just. 10. Members that have a couple of abuse records (Red/ Black) just in case seven decades have not lapsed of past admission, will never be qualified to receive loan in the Community. This can not are records obtain through the abinitio degree. eleven. Handling percentage Rs.200/- (low refundable) was deducted about sactioned loan amount. several. EMI compliment of IRLA of the individual tend to start out-of spend from next month where cheque was approved alongwith fractional focus from the day away from issue of cheque to finish of these times. thirteen. Loan consult in respect of those who possess availed Last withdrawal could be felt to the quality therefore the amount will properly get limited.
Directions To have Filling up step 1. The program is going to be occupied for the single content once making sure qualification regarding mortgage as per rule. 2. Cross out conditions that are not relevant. Zero column is usually to be left blank. Unfinished app could be refused inside toto. step three. The applying must getting countersigned from the AOC/Stn Cdr. According away from Officer/airmen posted to Air Head office, the application form is required to become countersigned because of the its particular Dominant Director. 4. No layer out of form is to be detached. 5. Arrangement form attached to the applying can be occupied inside the most of the regard and finalized by applicant at the end out of this new webpage properly seen by two people. six payday loans available in west virginia. Day and you may number isn’t getting written in Arrangement form and you can Contingent Expenses. (According to Repaying capacity, extent acknowledged will be filled from the AFGIS). 7.
(a) Most recent spend sneak in””0riginal (F-1517 getting Administrator / F-1523 to own Airmen) is going to be connected alongwith the program. (b) Proforma Invoice (Appearing the price of desktop computer is additionally to get affixed.)
8. Candidate would be to demonstrably county towards contingent statement, its A/c No, title & department of financial, the brand new cheque is usually to be given. 9. Software might be forwarded so you’re able to AFGIS around a level page off the latest applicant’s tool. ten. Indicate the address that the latest cheque is to be delivered by the post certainly on the application. EMI Graph Getting Computer system Get better – 09% Towards the Month-to-month Reducing Balance Months several