AFGIS -Pc Financing APPLICA TION For the Suggestions

Brief Malfunction

step one step 1. Mortgage is not admissible getting AFGIS -Personal computer Loan APPLICA TION To suit your Guidance (a) Fees out-of loan av.

Description

Mortgage is not admissible to have (a) Installment off mortgage availed for personal Computer ordered prior to. (b) Re-working individuals. (c) Purchase of second-hand Computer. (d) Whenever Personal computer progress is actually a great from Govt. (e) Airmen that lower than 2 yrs of service and you can officials whoever percentage isn’t confirmed (6 months). (f) NCs(E) who’ve lower than 10 yrs. of solution or with other AFGIS loan. (g) Non-member of Latest easy money title loans Program out-of AFGIS. (h) Airmen with below five years provider & have already availed every other mortgage of AFGIS.

2. Improvement regarding established financing for purchase of Personal computer is even admissible just after. 2nd mortgage was admissible immediately following cleaning earliest loan. step three. Presently desire energized was % pa on month-to-month sleep foundation which is floating speed. Paying down capacity might possibly be write-offs toward all the membership regarding the shell out and you may allowances of representative for instance the EMI on financing approved isn’t so you can go beyond 80% of one’s emoluments. 4. Since the financing was sanctioned zero alterations in r/o name, number of mortgage, Bank information or amount of instalments would be entertained 5. Volunteer partial / lumpsum reimburse away from loan a good at the same time try permissible not more than once. Full reimburse can be made prior to 20th away from 30 days to have the primary equilibrium circular over to second rupee. 6. Bucks acknowledgment in the Company/Enterprise showing the latest build, design and you can costs no of your own Desktop an such like, approved in the label away from Candidate is going to be submitted to AFGIS of the borrower within a month in the day out-of issue of cheque duly attested. seven. A part exactly who orders a pc away from mortgage off AFGIS isn’t allowed to sell it in advance of liquidating the mortgage. 8. Admission of every of your own prescribed small print often render new borrower accountable for refund out-of a good financing with demand for you to lumpsum 9. Cheque on loan amount made in rather have of the person and additionally be despatched toward Applicant’s device address simply. 10. Users that have a couple of punishment records (Red/ Black) and if 7 years have not lapsed out-of history entryway, are not eligible for loan regarding Community. This can perhaps not include records incurred throughout the abinitio knowledge. 11. Operating commission Rs.200/- (low refundable) might be deducted from the sactioned amount borrowed. twelve. EMI by way of IRLA of the person commonly start off shell out regarding next month in which cheque is awarded alongwith fractional interest on the big date out-of problem of cheque to end of the week. thirteen. Mortgage request according of those with availed Finally withdrawal could well be considered on the quality therefore the amount commonly consequently score limited.

Guidelines To possess Filling 1. The program is usually to be occupied from inside the unmarried backup immediately following ensuring qualification of financing as per laws. dos. Cross-out conditions which aren’t relevant. Zero line is going to be left empty. Unfinished software will be rejected for the toto. 3. The application is required to end up being countersigned of the AOC/Stn Cdr. In respect off Manager/airmen released so you can Air Head office, the application is needed to become countersigned by the respective Dominant Movie director. cuatro. Zero piece off form is usually to be isolated. 5. Contract means connected to the application can also be occupied inside all regard and you will closed because of the candidate at the end of brand new webpage properly observed by a couple of individuals. 6. Time and you will count is not as printed in Arrangement form and you may Contingent Expenses. (According to Paying skill, extent acknowledged could be occupied by AFGIS). eight.

(a) Latest spend slip in””0riginal (F-1517 to have Manager / F-1523 to possess Airmen) is going to be affixed alongwith the application form. (b) Proforma Invoice (Exhibiting the expense of personal computer is even to get affixed.)

8. Candidate is to certainly state into contingent statement, their An effective/c Zero, term & branch of your bank, the cheque is going to be provided. nine. Software are going to be sent so you can AFGIS lower than a coating letter from the brand new applicant’s product. 10. Indicate the latest target that this new cheque is going to be sent from the article certainly in the application. EMI Chart Having Pc Get better – 09% For the Month-to-month Reducing Balance Weeks 12