Financing is not admissible getting AFGIS -Personal computer Mortgage APPLICA TION For your Guidance (a) Installment away from financing availed for personal Desktop ordered earlier
step one step 1. (b) Re-employed individuals. (c) Acquisition of used Computer. (d) When Computer advance are outstanding of Govt. (e) Airmen who have lower than a couple of years off service and you may officers whoever commission isn’t confirmed (six months). (f) NCs(E) who’ve below 10 yrs. of solution or with other AFGIS mortgage. (g) Non-person in Most recent Plan away from AFGIS. (h) Airmen with less than 5 years service & have availed any kind of financing off AFGIS. 2. payday loans Pulaski virginiacashadvance.net Enhancement from present financing for purchase away from Desktop computer is even admissible once. 2nd financing try admissible immediately following clearing very first financing. 3. At this time appeal billed pa towards month-to-month asleep base that’s drifting price. Repaying strength was deductions on the all membership throughout the shell out and you will allowances of the user such as the EMI towards the loan sanctioned is not to help you meet or exceed 80% of emoluments. cuatro. Since loan are sanctioned no changes in r/o name, number of mortgage, Financial details otherwise level of instalments would be entertained 5. Full reimburse can be produced before 20th off 1 month for the primary equilibrium rounded out to 2nd rupee. six. Bucks receipt in the Organization/Business exhibiting this new create, design and you may expenses zero of one’s Desktop etcetera, approved from the label from Candidate is usually to be published to AFGIS of the borrower within a month on go out out-of dilemma of cheque duly attested. eight. A part exactly who purchases a pc out-of loan from AFGIS isn’t permitted to sell it in advance of liquidating the borrowed funds. 8. Pass of every of the recommended terms and conditions usually render the brand new borrower responsible for refund from a fantastic financing having demand for you to definitely lumpsum 9. Cheque on the loan amount made in favour of the person and you will be despatched into the Applicant’s product target just. ten. Users which have several discipline entries (Red/ Black) whenever eight decades haven’t lapsed regarding last entryway, will not be qualified to receive loan about People. This will not were records incurred throughout the abinitio studies. 11. Running fee Rs.200/- (low refundable) will be deducted on sactioned loan amount. a dozen. EMI by way of IRLA of the person tend to start away from pay from the following month in which cheque is awarded alongwith fractional attract regarding the big date out-of dilemma of cheque to finish of that day. thirteen. Financing request according of them that have availed Last detachment will be felt to your merit and the count have a tendency to accordingly rating limited.
Voluntary limited / lumpsum refund regarding mortgage an excellent each time was permissible but not more often than once
step three Tips To have Completing 1. The program is usually to be occupied into the single copy after making sure eligibility out of financing according to code. dos. Cross-out terms and conditions which aren’t applicable. Zero column will be remaining empty. Unfinished app would be denied inside toto. 3. The application form must be countersigned by AOC/Stn Cdr. In respect out of Manager/airmen released to Heavens Head office, the applying must be countersigned by their particular Principal Manager. 4. No piece out of form is usually to be isolated. 5. Arrangement form attached with the program can also be filled in the esteem and you will finalized of the candidate at the end from this new web page properly saw of the a couple of people. 6. Big date and you will count is not to get written in Agreement form and you may Contingent Bill. (Centered on Repaying potential, the total amount approved was occupied from the AFGIS). 7. (a) Newest spend slip in»»0riginal (F-1517 having Officer / F-1523 for Airmen) is to be affixed alongwith the application. (b) Proforma Invoice (Exhibiting the expense of computer is additionally become affixed.) 8. Applicant is to try to obviously county to the contingent expenses, their A good/c Zero, term & department of the bank, the cheque will be granted. 9. App will be sent so you can AFGIS below a level letter off this new applicant’s product. ten. Imply the newest target that the newest cheque is usually to be sent from the post demonstrably from the app. EMI Chart Having Desktop Progress – 09% With the Month-to-month Reducing Harmony Weeks
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