HomeAFGIS Loan Processing Fee

AFGIS Loan Processing Fee

Application Form Cost

Application Cost at AFGIS Counter (Rs.) AFNET Site Processing Fee (Rs.)

House Building Loan (HBL)

100/- Free Under Download Section. NIL (Processing Free has been waived off wef 01 Oct 2017).

Additional HBL

50/-

Conveyance Loan (MCL)

(i) Car
(ii) Two Wheeler

Computer Loan (PCL)

Modern Home Instalations Loan (MHIL)

Note :
Units can obtain forms to be kept with OIC SI Fund for issue to Officers/ Airmen on demand. For this purpose, it is advisable that 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, all application forms can be downloaded directly by the members free of cost from AFNET.

Amount of loan,instalments and rate of interest

LOAN AMOUNT, INSTALMENTS and INTEREST RATES APPLICABLE

  OFFICERS
AIRMEN
NCs(E)
House Building Loan - First Loan
Max Loan Amount Rs.60 Lakh
Max Instalments (EMIs) 300
Interest Rate Upto Rs.7 Lakhs 8.35% 8%
Above Rs.7 Lakhs & Upto Rs 60 Lakhs 8.35%
House Building Loan - Second Loan (Concurrently with First Loan wef 01 Jan 2018)
Max Loan Amount Rs.60 Lakhs (including HBL already availed)
Max Instalments (EMIs) 300
Interest Rate 8.35% 
Extension/ Renovation of Existing House / Flat
Max Loan Amount
Rs.30 Lakhs (Limited to total of Rs. 60 Lakhs)
Max Instalments (EMIs)
including originally sanctioned instalment
300
Interest Rate 8.35%  (Flat Rate)
Purchase of Plot
Max Loan Amount Rs.40 Lakhs
Max Instalments (EMIs) 300
Interest Rate Upto Rs.7 Lakhs 8.35% 8%
Above Rs.7 Lakhs & Upto Rs 40 Lakhs 8.35%
Modern Home Instalations Loan (HBL-3)
Max Loan Amount Rs 5 Lakhs Rs 3 Lakhs MWO/WO/JWO
Rs 2 Lacs Sgt & Below
Rs 1 Lakhs
Max Instalments (EMIs) 60
Interest Rate 9.0%
Conveyance Loan - Two Wheeler
Max Loan Amount 150000 75000 55000
35000
for NCs(E) < 10 yrs
Max Instalments (EMIs) 96
Interest Rate 9.0%
Conveyance Loan - New Car
Max Loan Amount 15 Lakhs 6 Lakhs
Sgt and above with pensionable service
N / A
Max Instalments (EMIs) 180 180 N / A
Interest Rate 9.0%
Conveyance Loan - Old Car
Max Loan Amount 6 Lakhs 3 Lakhs
Sgt and above with pensionable service
N / A
Max Instalments (EMIs) 120 120 N / A
Interest Rate 9.0%
Personal Computer Loan
Max Loan Amount 2 Lakhs
Service > 6 months OR Service < 5yrs and no loan outstanding
1 Lakhs
Service > 2yrs OR
Service < 5yrs and no loan outstanding
50,000
Service > 10yrs and no loan outstanding
Max Instalments (EMIs) 96
Interest Rate 9.0%

NOTE:
1. Wef 01 Jan 18 members can avail HBL on another property concurrently without liquidating the previous loan outstanding, if any.
2. Wef 01 Jan 18 members can avail conveyance Loan on another vehicle concurrently without liquidating the previous loan outstanding, if any.
3. The above amount s are the max loan admissible subject to the repaying capacity and NE Benefits of each applicant.
4. The numbers of installments are subject to the period of service left to recover the total installments.