NGIF HOUSING LOAN “NAVAL GROUP INSURANCE FUND |Contents Page No 1 General Information (iy 2 General Guidelines for completion of Documents (iii) 3. Rules for House Building Loan 17 (@) Admissibility of loan (Purposes) 1 (6) Loan for Construction of a House 2 (©) Loan for Addition / alteration 2 @ Loan for Purchase of Ready Built House/ Flat 2 (© Quantum of Loan, 2 () Second Loan 3 (g) Interest on Loan 3 (h) Insurance of HBA Loan 3 (Competent Authority to Sanction Loan 3 @___ Disbursement of Loan 3 (k) Enhancement of Loan 4 (Recovery of Loan and Interest 5 (m) General 5 (n) Creation of Mortgage : 5 (©) _ Insurance of the Property 5 (P) Maintenance 6 (@__ Creation of Second Charge 6 (®) Interpretation of Rules ete a (8) Jurisdiction of courts 6 (Amendments of the Rules 6 (u) Recovery of Housing Loan on Death 6 (v) Refund of Housing Loan 6 (w) _ Issue of EMI Chart r. 4, Details of Documents to be Submitted with The Application for Loan 8-11 3. Application Form for grant of House Building Loan from NGIF 12-14 6. Specimen of Documents/Forms 15-28 7. EMI Chart 29 8. Additional FacilitiesEn Rei as GENERAL INFORMATION 1, DNPE/Secy NGI may be contacted via email after 30 days of dispatch of the documents for any querry. All queries will be entertained by E-Mail:dnpf-navy@nic in, Direct contact with staff members regarding Housing Loan queries is not permitted. 2. Sanctions are made twice a month on fortnightly basis. Processing time till sanction stage is 4 weeks if all documents are in order. Therefore, members are to ensure that all relevant documents are forwarded well in time to NGIF for processing. Deficiency in documentation if any, would be intimated to the members within 10 days of receipt of their application. 3. Payments are made twice a month on fortnightly basis. The demand letters(AFNHB/State Govt/Private Builders/Society)/Original bills of expenditure(Self Construction Cases); alongwith pre-receipt should reach one month in advance from the date an individual requires the payment. However, members buying flats from private builders should liaison with their builders for timely issue of demand notices and these may be forwarded alongwith pre receipt( with revenue stamp) to NGIF by Speed Post for timely payment. 4. All original property documents are required to create mortgage. Never purchase any property without visiting it personally 5. All important documents are to be send through Speed PosVRegistered Mail (Private couriers are not allowed in Sena Bhawan, New Delhi-11) 6. Members are requested to intimate in case of change of address by Post. 7. Contact Details : (@) Email: dapf-navy@nic.in (b) Telephone : 011-23010683, 23013656 (c) Fax + 011-23010683. 23013656 (©) Address: The Secretary, Naval Group Insurance Fund Directorate of Non-Public Funds Room No.124. 'A’ Wing, Integrated Headquarters, Ministry of Defence (Navy) Sena Bhawan, New Delhi -110 011