Financing isn’t admissible to have AFGIS -Pc Mortgage APPLICA TION To suit your Advice (a) Repayment regarding financing availed private Computer system bought prior to

step 1 step 1. (b) Re-operating people. (c) Acquisition of used Pc. (d) Whenever Desktop computer advance is a good of Govt. (e) Airmen who have less than 24 months off provider and you will officers whoever fee is not verified (six months). (f) NCs(E) who possess below ten yrs. regarding solution or together with other AFGIS loan. (g) Non-member of Newest Scheme regarding AFGIS. (h) Airmen that have below 5 years service & have previously availed some other loan away from AFGIS. 2. Improvement out-of existing loan for purchase away from Desktop computer is also admissible immediately following. 2nd mortgage was admissible just after clearing earliest financing. step 3. Currently notice recharged pa with the monthly sleep basis which is floating speed. Settling capability would be deductions towards all of the membership on shell out and allowances of your own user for instance the EMI toward mortgage sanctioned isn’t to help you meet or exceed 80% of your own emoluments. 4. Since the mortgage was approved no changes in r/o title, level of mortgage, Bank facts or number of instalments was captivated 5. Full refund can be produced prior to 20th regarding a month to possess the primary harmony rounded out to next rupee. 6. Bucks bill on Organization/Corporation exhibiting the brand new make, model and you can bill zero of one’s Pc etcetera, granted regarding the name out of Applicant is going to be submitted to AFGIS because of the debtor with in 30 days regarding go out off problem of cheque duly attested. seven. A part who sales a computer out of financing of AFGIS isn’t permitted to sell in advance of liquidating the borrowed funds. 8. Ticket of every of one’s recommended conditions and terms often provide the fresh borrower responsible for reimburse regarding a good loan which have interest in you to definitely lumpsum nine. Cheque into amount borrowed manufactured in go for of the individual and you will be despatched to the Applicant’s equipment address simply. 10. Participants with 2 or more abuse records (Red/ Black) incase 7 many years haven’t lapsed off last entryway, will not be eligible for loan from the Area. This may maybe not is records incurred throughout the abinitio training. 11. Handling commission Rs.200/- (low refundable) would be deducted on sactioned loan amount. a dozen. EMI using IRLA of the person will initiate away from spend off the following month where cheque is actually issued alongwith fractional desire regarding the time regarding issue of cheque to end of the day. 13. Loan consult according of these that have availed Latest withdrawal will be believed on the quality and the count have a tendency to appropriately rating restricted.

Voluntary partial / lumpsum reimburse from financing the at the same time is actually permissible not more often than once

step 3 Instructions For Answering 1. The application is to be occupied into the solitary duplicate immediately after making certain qualification of loan as per rule. 2. Cross out terms and conditions that aren’t applicable. No line will be remaining empty. Incomplete app might be denied into the toto. step 3. The application must become countersigned because of the AOC/Stn Cdr. According out of Administrator/airmen printed in order to Heavens Hq, the applying is needed to become countersigned of the their particular Dominant Manager. 4. Zero layer out of application form will be isolated. 5. Arrangement function connected to the application form can also be occupied during the the regard and you may finalized by candidate towards the bottom out-of the newest web page properly witnessed because of the one or two persons. 6. Big date and you may amount is not to-be printed in Arrangement form and you will Contingent Statement. (According to Repaying strength, extent accepted could be filled of the AFGIS). seven. (a) Most recent pay slip in””0riginal (F-1517 getting Administrator / F-1523 to own Airmen) is going to be connected alongwith the application. (b) Proforma Charge (Exhibiting the cost of pc is even becoming affixed.) 8. Applicant is to certainly condition on contingent statement, the A/c Zero, identity & branch of your lender, the latest cheque is to be provided. 9. Application would be sent to AFGIS not as much as a covering letter out-of the newest applicant’s equipment. ten. payday loan Wickliffe Ohio Suggest new target to which this new cheque is going to be delivered because of the post clearly from the application. EMI Graph For Computer Improve – 09% Into the Month-to-month Reducing Equilibrium Months