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About Welfare Loan

Welfare Loan can ve availed for improvement of quality of life. This loan is provided to meet such financial commitments which are no available through AFGIS or any other AF agency.

Paid ToServing Air Warriors
Admissible Amount Rs.25 Lakh
Service Conditions No Minimum service for Officers
Minimum 2 years for Airmen / NCs(E)
Rate of Interest 7.75% pa(Monthly reducing)

SSC Officers to repay within current term of Engagement.
Payments are made directly in the Salary A/c as maintained by AFCAO.
The interst on the loan amount is charged from the month of payment.
Additional Subscription to IAFBA on Welfare Loan is mandatory wef 01 Oct 08 and premium as applicable is deucted from the loan amount itself.

Download Application Form from Download Forms:

Individual to fill On-line Application Form

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