HomeAFGIS Loan Processing Fee

AFGIS Loan Processing Fee

Application cost & processing fee

Application Cost (Rs) Processing Fee
House Building Loan 100/- 0.15% of sanctioned amount rounded off to the next Rs.10/- (Minimum Rs.500/- & Maximum Rs.5000/-)   Wef 01 Oct 15
Additional House Building Loan 50/-

Conveyance Loan

Car Free Download PDF file that opens in new window. To know how to open PDF file refer Help section located at bottom of the site.(4.3 MB) 0.15% of sanctioned amount subject to minimum Rs.500/- and maximum Rs.2000/-
Two Wheeler Free Download PDF file that opens in new window. To know how to open PDF file refer Help section located at bottom of the site.(4.3 MB) 300/-
Computer Free Download PDF file that opens in new window. To know how to open PDF file refer Help section located at bottom of the site.(50.2 KB) 200/-

Note :
Units can obtain forms to be kept with O i/c SI Fund for issue to the officers/ airmen on demand locally. For this purpose, it is advisable, units obtain 5 to 10 copies of application from AFGIS by sending a bank draft in favour of 'Air Force Group Insurance Society', payable at New Delhi.

As an incentive to the Unit SI Fund, 20% discount will be given when a minimum of 5 (five) forms are demanded by them. However, Conveyance and Computer Loan application can be downloaded directly by the member free of cost.

The processing fee will be deducted from the amount sanctioned.

Amount of loan,installments and rate of interest

Loan amount, installments and interest rates applicable

  Officers Airmen NCs(E)
House Building Loan - First Loan (Wef 01 Oct 16)
Max Loan Amount Rs.60 Lacs
Max Installments (EMIs) 300
Interest Rate Upto Rs.7 Lakh 9% 8%
Above Rs.7 Lakhs & Upto Rs 60 Lakhs 9%
House Building Loan - Second Loan (After liquidation of first loan)  (Wef 01 Oct 16)
Max Loan Amount Rs.60 Lacs
Max Installments (EMIs) 240
Interest Rate 9.25% 
Extension/ Renovation of Existing House  (Wef 01 Oct 16)
Max Loan Amount
(including originally sanctioned amount)
Rs.30 Lacs
Max Installments (EMIs)
including originally sanctioned installment
240
Interest Rate 9.25%  (Flat Rate)
Purchase of Plot (Wef 01 Oct 16)
Max Loan Amount Rs.40 Lacs
Max Installments (EMIs) 180
Interest Rate Upto Rs.7 Lakh 9% 8%
Above Rs.7 Lakhs & Upto Rs 40 Lakhs 9%
Modern Home Installations Loan (HBL-3) (Wef 01 Apr 2016)
Max Loan Amount Rs 5 Lacs Rs 3 Lacs MWO/WO/JWO
Rs 2 Lacs Sgt & Below
Rs 1 Lakh
Max Installments (EMIs) 60
Interest Rate 10%
Conveyance Loan - Two Wheeler
Max Loan Amount 150000 75000 55000
35000
for NCs(E) < 10 yrs
Max Installments (EMIs) 96
Interest Rate 9.5%
Conveyance Loan - New Car
Max Loan Amount 15 Lacs 6 Lacs
Sgt and above with pensionable service
N / A
Max Installments (EMIs) 180 180 N / A
Interest Rate 9.5 %
Conveyance Loan - Old Car
Max Loan Amount 6 Lacs 3 Lacs
Sgt and above with pensionable service
N / A
Max Installments (EMIs) 120 120 N / A
Interest Rate 9.5%
Personal Computer Loan
Max Loan Amount 2 Lacs
Service > 6 months OR Service < 5yrs and no loan outstanding
1 Lacs
Service > 2yrs OR
Service < 5yrs and no loan outstanding
50,000
Service > 10yrs and no loan outstanding
Max Installments (EMIs) 96
Interest Rate 10%

NOTE:
1. The above amounts are the max loan admissible subject to the repaying capacity of each applicant.
2. The numbers of installments are subject to the period of service left to recover the total installments.