Army Education Loans

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All *serving pers* can now apply for *edn loans* through AG'S welfare funds. 

1. *Eligibility* - children/wards/dependent sisters of serving pers. 
2. *Maximum loan amt* - Rs 5 lacs.
3. *ROI* - 7% reducing balance.
4. *Duration* - 5 yrs max or residual service less 6 months whichever is earlier.
5. *Mode of repayment* - Initially through ECS mandate from bank and subsequently direct debit from CDA(O)/PAO(OR).
6. No collateral security / no moratorium. 
7. *How to apply* - Application form on Armyweb and IA website on internet.
8. *Contact details* - AG'S branch education loan section, Room No 17B, West block III, RK Puram, New Delhi. Phone - 34499, 011-20863017

 *CW Dte, AG'S branch*

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