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Download
APPLICATION COST & PROCESSING FEE

Application
Cost (Rs)
Processing Fee
House Building Loan 100/-
NIL

(Processing Fee has been waived off wef 01 Oct 2017)
Additional House Building Loan 50/-
Conveyance Loan
(i) Car

Free Download

(ii)Two Wheeler
Computer
Free Download












 

 

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

8.35%

8%

Above Rs.7 Lakhs & Upto Rs 60 Lakhs

8.35%

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

8.35% 

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

8.35%  (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

8.35%

8%

Above Rs.7 Lakhs & Upto Rs 40 Lakhs

8.35%

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

9.0%

Conveyance Loan - Two Wheeler

Max Loan Amount

150000

75000

55000

35000
for NCs(E) < 10 yrs

Max Installments (EMIs)

96

Interest Rate

9.0%

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

9.0 %

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

9.0%

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

9.0%

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.



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