Eligibility, current rates, application procedure, repayment math — everything an Army officer or jawan needs to know before applying.
AGIF lends out of the policyholder fund — so it's not a profit-maximising bank. Rate typically 1-2% below open market personal loan. No collateral. Approval in days.
AGIF EMI deducts directly from your salary slip. If you ALSO have a bank personal loan, your FOIR (fixed-obligation-to-income ratio) maths gets ugly. We model the right sequencing.
Best: home renovation, child wedding, family emergency, education. Worst: gambling on stocks, second home (use a proper home loan for that), business capital (use a business loan).
Indicative figures. Actual offer depends on your profile. Praarabdh is a Data Fiduciary under the DPDP Act, 2023.
All commissioned officers, JCOs and PBOR who are AGIF subscribers (which is mandatory for serving Army personnel). You need to have completed the minimum subscription period (typically 6 months active service).
Once paperwork is in to your unit officer + AGIF cell, disbursal is typically 7-14 days. Faster than most bank personal loans.
Yes, no foreclosure penalty. Prepayment via standing-instruction adjustment from your salary, or lump sum directly to AGIF. We help structure it so prepayment doesn't disrupt your other monthly commitments.
Outstanding becomes immediately due. Most officers settle from gratuity / DSOPF withdrawal at separation. Plan the closure timing as part of your pre-separation checklist.
One short form. We compare the panel for your profile. A real Praarabdh advisor calls within 48 hours.
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