#1
August 29th, 2016, 08:53 AM
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NGIF Loan Indian Navy
Hii Guys , I want to know What is the Required Eligibility and Interest Rate for Naval Group Insurance Fund Loan in Indian Navy , Will you plzz tell me ? The proposal for introducing a House Building Loan Scheme financed by the Naval Group Insurance Fund and its broad parameters were approved by the General Body of the Fund at its Annual General Meeting held at Vishakhapatnam on 20 October 87 and the Govt approval for the same was accorded on 26 May 88. Eligibility All regular Naval serving personnel who are members of Naval Group Insurance Scheme have rendered minimum 3 years service. Re*employed/ last 02 years of residual service Naval personnel are not eligible. The member must establish/satisfy that he would be in a position to meet the full cost of the house/flat (taking into consideration the escalation in the cost) after availing the loan sanctioned by the Govt. / NGIF and he would get a clear unencumbered title to the house/flat. Quantum of Loan : Loans are granted up to 90% of the Basic cost (i.e. excluding Registration, Stamp duty, Parking, other expenses etc) of house/flat limited to following maximum amount: (a) Officers * Rs. 40,00,000/* (b) Sailors * Rs. 20,00,000/* (c) Officers * Rs. 6,00,000/* (for alteration/addition/modification) (d) Sailors * Rs. 3,00,000/* (for alteration/addition/modification) Repaying Capacity = {60% (Total Emoluments) minus total deductions} Second Loan is not permissible Interest on Loan The interest on the loan would be charged @ 9% per annum on monthly reducing balance with one time processing/ admin charges of 0.5% of the loan sanctioned. The rate of Interest is liable to change from time to time. In addition, Housing Loan to widows will be sanctioned at 1% below the prevailing rate of interest subject to investment of Insurance benefits with NGIF For More Details Here I m Uploading pdf file You can Download free of Cost : Last edited by Neelurk; February 28th, 2020 at 04:15 PM. |
#2
June 5th, 2017, 02:30 AM
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[QUOTE=Harsh Pandit;373297] Sir call me Kailash Chander Mob. 8943957448 For home loan Ka lya |
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