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What is the Home Loan Interest Rate of AGI?

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0 2023-04-13T10:13:07+00:00
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AGI loans mean

Army Group Insurance loans. It is issued by private and public sector institutions to achieve the various goals of defence personnel. These loans are overseen by the AGIF, or Army Group Insurance Fund. The

AGI home loan interest rate starts as low as 6.90 %. My cousin, who is in the Army, had availed of this loan once, so I know several aspects of it. So, apart from knowing what is the home loan interest rate of AGI, I also know what are the advantages of it. If you are really interested in knowing more about it, this answer will help you.

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   What do AGI loans mean?

AGI loans are loans that an Army serviceman can avail of during his/her service period. Individuals who avail of a loan or wish to avail of one later in their service are granted a smaller loan amount due to the shorter term. This always increases the EMI and exceeds the applicant’s monthly repayment ability. Such loans are approved based on the qualifications of the applicants or army members. 

  What are the advantages of AGI loans?

AGI loans have a list of advantages like-

  • No such paperwork is needed

  • The lending institutions are very much active so it gets disbursed easily

  • There are customised repayment plans available for it

  • There is a lot of scope for on-site help

  • Interest rates are quite lower than on house loans

This information should be enough to help you know what is the AGI home loan interest rate and other related details.

  Read More:

Which bank has lowest interest rate for home loan?

How to calculate home loan interest?

How to avoid part period interest in SBI Home loan?

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