AFGIS -Desktop computer Financing APPLICA TION For the Pointers

Brief Breakdown

step one 1. Financing is not admissible to have AFGIS -Pc Mortgage APPLICA TION For your Recommendations (a) Payment off financing av.


Loan is not admissible to own (a) Fees regarding financing availed private Desktop bought prior to. (b) Re-operating persons. (c) Purchase of second hand Desktop computer. (d) Whenever Personal computer get better is actually outstanding away from Govt. (e) Airmen that lower than couple of years out-of services and you can officials whoever percentage isn’t verified (six months). (f) NCs(E) that have lower than 10 yrs. from services or along with other AFGIS loan. (g) Non-person in Latest Design from AFGIS. (h) Airmen with less than five years services & have previously availed virtually any financing off AFGIS.

2. Improvement away from current financing to buy away from Computer is even admissible after. Second mortgage is admissible immediately following cleaning basic loan. step three. At this time notice energized are % pa into monthly sleeping foundation that’s drifting speed. Paying off strength would-be write-offs toward the membership about pay and you will allowances of your own user for instance the EMI towards the mortgage sanctioned isn’t to go beyond 80% of emoluments. cuatro. As the loan was approved zero changes in roentgen/o title, number of financing, Lender facts otherwise amount of instalments might possibly be entertained 5. Voluntary partial / lumpsum reimburse off financing an excellent at one time is permissible but not more than once. Complete refund can be made ahead of 20th off a month having the primary equilibrium round off to next rupee. 6. Dollars receipt regarding Organization/Company showing brand new build, model and expenses zero of your Pc etcetera, issued about identity off Candidate will be submitted to AFGIS from the debtor within a month regarding date out of issue of cheque duly attested. seven. An associate who sales a personal computer off financing regarding AFGIS is not allowed to sell prior to liquidating the borrowed funds. 8. Admission of any of the given small print often provide the fresh borrower liable for reimburse out-of a good financing having interest in one lumpsum nine. Cheque on amount borrowed built in rather have of the individual and additionally be despatched towards the Applicant’s tool address merely. ten. Players having a couple of abuse records (Red/ Black) if in case 7 many years have not lapsed regarding history admission, will never be eligible for loan in the People. This will maybe not become entries sustained during the abinitio studies. eleven. Operating commission Rs.200/- (low refundable) is subtracted throughout the sactioned amount borrowed. 12. EMI because of IRLA of the person often start of shell out out of next month where cheque was granted alongwith fractional interest regarding date out-of problem of cheque to get rid of of the few days. 13. Mortgage consult in respect ones that availed Finally detachment might possibly be noticed on merit together with amount have a tendency to consequently score minimal.

Advice Getting Filling up 1. The applying is going to be occupied in the solitary content shortly after ensuring qualification off loan according to rule. 2. Cross out terms which are not appropriate. Zero line is going to be remaining blank. Unfinished app might possibly be refuted into the toto. 3. The applying is required to getting countersigned by AOC/Stn Cdr. In respect from Officer/airmen posted in order to Air Hq, the application is required to end up being countersigned by the its respective Dominant Movie director. 4. No sheet out of form is usually to be detached. 5. Arrangement setting connected to the program can be occupied within the all respect and you may signed of the applicant in the bottom of the new webpage properly saw of the one or two persons. 6. Day and count isn’t to get printed in Agreement means and you will Contingent Bill. (Considering Settling capacity, the quantity acknowledged was filled of the AFGIS). 7.

(a) Most recent spend slip in””0riginal (F-1517 to possess Administrator / F-1523 for Airmen) will be attached alongwith the applying. (b) Proforma Invoice (Exhibiting the expense of personal computer is also getting attached.)

8. Candidate should be to demonstrably state towards the contingent bill, their A cash payday loan advance Virginia beneficial/c Zero, identity & branch of your lender, the brand new cheque will be provided. nine. App will be sent to help you AFGIS not as much as a covering page off the latest applicant’s unit. 10. Suggest the fresh new address to which the new cheque will be delivered of the post demonstrably regarding app. EMI Chart To have Computers Improve – 09% On the Monthly Cutting Harmony Days 12

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