Financing isn’t admissible to own AFGIS -Pc Loan APPLICA TION To suit your Advice (a) Fees regarding mortgage availed for personal Computers bought earlier
step one 1. (b) Re-working individuals. (c) Purchase of second-hand Pc. (d) When Personal computer improve try a great out-of Govt. (e) Airmen with below two years regarding service and you can officials whose fee is not affirmed (half a year). (f) NCs(E) who have less than ten yrs. from provider otherwise together with other AFGIS financing. (g) Non-person in Newest Plan regarding AFGIS. (h) Airmen that have lower than five years service & have already availed any other loan out of AFGIS. 2. Improvement regarding established financing to buy out-of Personal computer is even admissible after. Second loan is actually admissible immediately after clearing first loan. step 3. At this time appeal billed pa on the month-to-month asleep foundation that’s drifting rate. Paying off skill would be deductions towards most of the account about shell out and you may allowances of the user for instance the EMI towards financing approved is not to help you surpass 80% of emoluments. 4. Once the financing is sanctioned zero changes in roentgen/o name, amount of financing, Lender details otherwise level of instalments could be entertained 5. Complete reimburse can be produced just before 20th of thirty day period having the principal balance round over to second rupee. 6. Dollars bill throughout the Organization/Corporation demonstrating brand new create, design and you will bill zero of your own Computers etc, issued on the name from Candidate is going to be submitted to AFGIS of the borrower with in 30 days from the day of dilemma of cheque duly attested. seven. A part exactly who sales a pc away from mortgage away from AFGIS isn’t allowed to sell ahead of liquidating the loan. 8. Admission of every of your own given terms and conditions will bring the new borrower responsible for refund of outstanding mortgage that have interest in you to lumpsum nine. Cheque towards amount borrowed made in go for of the person and also be despatched to your Applicant’s tool target simply. 10. Players which have 2 or more punishment records (Red/ Black) of course, if eight ages haven’t lapsed regarding last entry, are not eligible for loan regarding the Society. This can maybe not tend to be records sustained while in the abinitio training. 11. Operating fee Rs.200/- (non refundable) would be subtracted in the sactioned loan amount. a dozen. EMI due to IRLA of the individual often start from pay of next month in which cheque was approved alongwith fractional interest on date out-of dilemma of cheque to end of the day. thirteen. Mortgage request in respect of those that availed Final detachment could be experienced toward quality therefore the count tend to accordingly score minimal.
Voluntary limited / lumpsum reimburse away from financing outstanding at a time are permissible but not more than once
3 Rules Having Completing step 1. The application form is usually to be filled in the solitary duplicate shortly after making certain eligibility regarding loan as per code. dos. Cross out conditions which aren’t appropriate. Zero column is going to be kept blank. Unfinished app will be denied in toto. step 3. The program is required to getting countersigned by the AOC/Stn Cdr. According out of Administrator/airmen released so you can Sky Hq, the applying must end up being countersigned from the the particular Dominant Manager. cuatro. Zero layer off application will be detached. 5. Arrangement setting attached to the program can be occupied in the all esteem and closed by the applicant at the bottom regarding the brand new webpage duly seen of the several people. six. Big date and you can count isn’t become printed in Contract setting and Contingent Costs. (Considering Repaying strength, the quantity accepted could well be occupied because of the AFGIS). 7. (a) Current shell out sneak in””0riginal (F-1517 getting Manager / F-1523 to own Airmen) will Boutte payday loans be connected alongwith the application. (b) Proforma Invoice (Demonstrating the price of personal computer is additionally is attached.) 8. Candidate is always to demonstrably condition towards the contingent expenses, their Good/c No, title & department of financial, new cheque is going to be granted. nine. Application are forwarded in order to AFGIS under a level page from the brand new applicant’s product. ten. Suggest the brand new address that the newest cheque is to be sent because of the article demonstrably regarding the application. EMI Graph To own Computer system Progress – 09% On the Monthly Reducing Harmony Months