Loan is not admissible having AFGIS -Desktop computer Financing APPLICA TION To suit your Guidance (a) Repayment of mortgage availed private Desktop ordered prior to

step one step one. (b) Re-employed persons. (c) Purchase of second-hand Desktop computer. (d) Whenever Personal computer get better are a fantastic off Govt. (e) Airmen who possess lower than 2 years regarding services and you will officers whose percentage isn’t affirmed (six months). (f) NCs(E) who’ve below ten yrs. from services otherwise along with other AFGIS loan. (g) Non-member of Newest Scheme out of AFGIS. (h) Airmen having below five years service & have availed all other financing of AFGIS. 2. Improvement of established mortgage to buy of Pc is also admissible just after. Next loan are admissible immediately following clearing basic financing. step three. Currently desire charged pa on the monthly sleeping base which is drifting rates. Paying down capability could be deductions with the the account in the spend and you will allowances of your own representative such as the EMI towards the mortgage approved is not so you can surpass 80% of emoluments. 4. Since the loan is sanctioned no changes in r/o identity, level of financing, Financial details or level of instalments was captivated 5. Full refund can be made before twentieth away from thirty day period having the principal harmony round out over 2nd rupee. 6. Cash acknowledgment throughout the Organization/Enterprise proving the fresh new create, model and you can bill no of your Pc an such like, awarded about identity out of Applicant is usually to be published to AFGIS because of the debtor with in one month regarding day of problem of cheque duly attested. 7. A member exactly who commands some type of computer from financing of AFGIS isn’t allowed to sell it before liquidating the loan. 8. Solution of any of your prescribed conditions and terms often render the latest debtor responsible for reimburse away from a great loan which have need for one to lumpsum 9. Cheque into amount borrowed built in favour of the person and you will be despatched into the Applicant’s tool address just. ten. Members with several punishment entries (Red/ Black) incase 7 age haven’t lapsed of past entry, will never be qualified to receive mortgage on the Area. This will maybe not were records sustained during the abinitio knowledge. eleven. Running percentage Rs.200/- (non refundable) might be subtracted from the sactioned loan amount. a dozen. EMI because of IRLA of the individual commonly commence out of pay out-of the following month in which cheque is actually approved alongwith fractional desire about date of issue of cheque to end of these few days. 13. Financing demand according ones who have availed Last detachment could be thought to the merit and the count have a glimpse at the hyperlink tend to consequently score minimal.

Volunteer partial / lumpsum refund out of financing the at any given time try permissible but not more often than once

step 3 Recommendations To own Completing 1. The application is going to be occupied from inside the single copy immediately after making sure eligibility from loan depending on laws. 2. Cross out terms and conditions which aren’t relevant. Zero column is usually to be left blank. Partial software was denied when you look at the toto. 3. The application form is needed to feel countersigned because of the AOC/Stn Cdr. In respect out of Administrator/airmen printed to help you Air Hq, the applying is needed to feel countersigned of the their particular Prominent Movie director. 4. No piece regarding application will be detached. 5. Contract means mounted on the application can certainly be occupied inside the esteem and closed from the applicant in the bottom from the newest page duly witnessed of the a couple persons. 6. Go out and amount isn’t becoming written in Agreement form and Contingent Statement. (Based on Paying off capability, the quantity recognized was filled by the AFGIS). seven. (a) Most recent shell out sneak in””0riginal (F-1517 for Administrator / F-1523 for Airmen) will be attached alongwith the application. (b) Proforma Invoice (Indicating the price of desktop computer is additionally become affixed.) 8. Applicant will be to certainly state to the contingent expenses, its An excellent/c Zero, term & department of your financial, the cheque is to be awarded. nine. App are forwarded to help you AFGIS not as much as a covering letter regarding the new applicant’s equipment. ten. Mean the latest target to which this new cheque will be sent by blog post obviously about app. EMI Chart To own Computers Progress – 09% Into Monthly Cutting Harmony Weeks