PERSONAL COMPUTER LOAN
(FOR PURCHASE OF PERSONAL COMPUTER / LAPTOP & HIGH END MOBILE)
TERMS & CONDITIONS

Application Forms

Documents For Personal Computer Loan

  • Nil

Submission of Documents after availing Loan

  • Utilisation Certificate within two months from the date of payment.

Eligibility

Officers After completion of six months of service.
Airmen / NCs(E) After completion of two years of service. (Not eligible if Service < 5 years & HBL/MCL running).

Quantum of Loan

  • Three Lakh

List of Items

  • Loan admissible for purchase of computer (desktop/ laptop) and necessary peripherals (monitor/ keyboard/ mouse/ speakers/ headphone/printer/multi functional device etc) and accessories (UPS, external HDD,OHP projector etc) and computer table.

Rate of Interest(wef 01 Dec 23)

  • 8.00%pa

Processing Fees

  • Nil. (Processing Fee has been waived wef 01 Oct 2017)

Loan Insurance

Repayment of loan

  • Maximum 96 instalments.

Pre-payment/Refund of loan

  • Re-fixation of EMIs/refund of loan is allowed not more than two times in a financial year.
  • Such refund in full must preferably be made before 25th of a particular month.
  • Details of such refund made by e-remittance, must be immediately communicated to AFGIS through AFNET Login/ FAX/ email/ Letter duly mentioning your service particulars and transaction details.

Discipline Cases

  • Not eligible if two or more (red ink) entries and five years have not lapsed from the last entry and/or disciplinary proceedings (SOE/GCM/DCM etc) are initiated/ in progress.

Penal Rate Of Interest

  • Penal rate of interest is chargeable for non-submission of documents and non-compliance of stipulated policy & rules.
Air Force Group Insurance Society

Society registered under the Societies Registration Act (XXI of 1860).

AFGIS Bhawan, Subroto Park, New Delhi-110010