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Handy Tips to Free Yourself From Home Loan EMI

As per a recent financial report, the number of home loan accounts in India stood at 14.2 million, as of December 2019. Owing to rapid digitisation and the emergence of several HFCs, housing credit has become significantly popular among aspiring homeowners in recent years.

  • Home loans account for nearly 50% of the credit portfolio of consumers in India
  • According to reports by RBI, the total outstanding balance in the home loan segment stood at Rs.13.3 lakh crore, as of February 2020.

Availing a housing loan provides considerable financial flexibility in acquiring a residential property, particularly due to the extensive repayment period. It allows borrowers to repay the credit amount with relative ease.

However, without proper planning, repayment can also overbear an individual’s finances. To that end, several prospective borrowers utilise a home loan EMI calculator. Apart from that, you can also employ other measures to attenuate the EMI burden. Nonetheless, first, it’s essential to understand the building blocks of home loan installments.

What is home loan EMI?

Repayment of a home loan occurs across a specific tenor in fixed monthly installments or EMIs. When you avail a housing credit facility, the lending institution computes this amount based on the principal, interest rate, and repayment tenor. Each of these factors, thus, plays a crucial role in the determination of the amount you need to pay as EMIs. Naturally, the measures you can adopt to ensure low home loan EMI also revolves around these factors.

What are the ways to reduce the housing loan EMI burden?

  • Opt for a longer tenor

The repayment period you choose is of heightened significance in regard to the EMI amount and overall cost of a loan. A prolonged tenor results in smaller EMIs. Conversely, the installment amount you need to pay goes up if you opt for a shorter tenor.

However, the cost of a loan, which primarily includes total interest payable, is less if the repayment period is short and vice versa.

Thus, it may be beneficial to ensure an EMI amount that allows you to maximize your financial benefits, whether it’s owing to smaller installments or less interest payable. You can use a house loan calculator to determine how much home loan EMI you can afford.

  • Choose a higher down payment amount

A financial institution provides a home loan based on the loan-to-value ratio, which is a percentage of the property’s value you are purchasing. As per RBI mandate, a borrower needs to pay such remaining amount as a down payment. While you can pay the minimum amount and avail the rest as a loan, you may also choose to make a higher down payment.

  1. 90% – The loan-to-value ratio for home loans below Rs.30 lakh

That way, you can reduce the principal amount. With a low loan quantum, the cost of a loan will go down. Resultantly, the EMI you need to pay will also be more moderate. It is one of the most effective ways to reduce home loan tenor and EMI. You may utilise a home loan EMI calculator to reckon the down payment amount such that EMIs are in line with your affordability.

  • Arrange for better terms on the existing loan

You can negotiate with your existing lending institution to lower the home loan interest rates. In case your credit score has improved since you availed the home loan initially, and possess a credible repayment history, the lender might revise the interest rates to reflect the same. This way, you can effectively reduce the installment amount on your housing loan.

  • Increase EMI amount

In case you are a salaried individual, chances may be that your income has incremented over time. You can, thus, utilize the additional income to repay your home loan faster by opting for higher EMIs. Higher EMIs reduce the tenor, which, in turn, lowers the cost of a loan. A home loan EMI calculator may be of benefit to you when deciding the installment amount.

  • Opt for a balance transfer

Reputed financial institutions provide the facility of a home loan balance transfer. Therein, you can refinance your existing loan with a different lender that’s levying a lower rate of interest. This way, you can attenuate the home loan burden by paying smaller installments.

However, merely lower interest rates do not suffice to ensure benefits from a home loan balance transfer. According to financial experts, if the new rate of interest is not lower by 0.5%, a home loan refinancing might not reap any monetary benefits. That’s because of the associated charges and costs of a balance transfer.

Moreover, a balance transfer is most fruitful financially in the initial stages. If the repayment period of your home loan ends within 5 years, a balance transfer may not give way to any financial advantage.

ReadUse Home Loan EMI Calculator & Manage Your Installments in Advance

Nevertheless, when applying for a home loan, you might want to research lenders extensively before applying in order to maximize your benefits.

  • Home loans grew year-on-year at a rate of 17%, as of February 2020.

Certain financial institutions provide pre-approved offers on loans to ascertain an expeditious and hassle-free process. These offers are available on an array of financial products, like a home loan, loan against property, etc. You may provide your name and mobile number to check your pre-approved offer.

Nonetheless, ensure that you prepare a thorough repayment plan before applying for a housing loan. To that end, you might utilize a home loan EMI calculator. Moreover, regulate home loan EMIs in tandem with your changing financial position during the course of repayment to ensure efficient management.

Is Hair Spa The Solution To Hair Loss?

When it comes to beauty, people pay more attention to their skin and purchase products such as lotions, creams, sunscreens, face powder, essential oils, etc. In contrast, when it comes to hair, people often limit themselves to shampoo and a conditioner. Hair is an integral part of the appearance of men and women. It protects the scalp from injury and UV radiations, eyes, ears, and nostrils from dust and particulate matter. The grooming and beautifying of natural hair have been in fashion from ancient times to modern days.

Healthy hair with a compact cuticle layer is naturally resistant to moisture. Coarse texture and loss of its shine and smoothness is a result of cuticle damage. Porous hair readily absorbs liquids and as a result, develops split ends. The damage caused to the cuticle degrades the hair quality, which gradually leads to the weakening of the hair.

Damage is usually more pronounced at the tips of the hair fibre as it represents age progression. The condition of the hair fibre should be considered before undergoing any treatment. For healthy hair, a hair spa treatment is one of the famous treatments to undergo. The benefits of a hair spa are never-ending such as:

  • Provides natural oil and improves the texture of the hair and nourishes the roots.
  • Normalize the secretion of oil on the scalp.
  • Strengthens hair follicles by removing impurities inside pores and promote natural hair growth.
  • Reduces stress and improve health.
  • Repairs damage and prevent further degradation of hair quality.

Just like the skin, everyone has a different hair type, and so are their problems. Various types of hair spa treatments are available in the market to tackle these problems. Frequently asked questions about the treatment is can hair spa cause hair fall? Hair fall can be a result of trauma, stress, lack of nourishment, and hair care.

Different types of hair spas have a different concern, for example:

  • To treat dandruff – It gets rid of dandruff by providing hydration and nourishment to the scalp.
  • For colored hair – It focuses on nourishing and repairing the hair as well as protecting the color
  • To tackle oily hair – It focuses on reducing excessive oil from the scalp.
  • To reduce hair fall – It focuses on increasing the blood circulation, making it the most loved treatment by men and women. Deep cleaning, nourishing, and strengthening of hair makes the hair spa treatment a great re-hydration therapy. Some of the steps involved are:
  • Shampooing – This removes oil, dirt, and dead cells from the scalp.
  • Masking the hair – It repairs and deeply conditions the hair making it strong and shiny.
  • Massaging – increases the flow of blood in the roots and also induces a relaxing effect.
  • Steam treatment – It allows the products to penetrate deep in the hair by opening up the follicles, improving scalp health and elasticity of the hair.
  • Blow-drying the hair post hair spa – With all the advantages the hair spa provides, it is incorrect to say that hair spa causes hair fall.

Grow Your Career in the BPO Sector

Business Process Outsourcing (BPO) is heralded to be one of the fastest-growing sectors.

Those days are long gone when people thought a graduation degree was more than enough to get a job. Some of the major reasons why most people don’t get a job right after college are due to a lack of confidence or poor communication skills.

Well, there’s nothing to fret about anymore. Landing a job in a BPO sector is good enough to start a career as a fresher. Also, one of the major reasons why most graduates turn to BPOs for their first jobs. Not to mention the salary compensation even as a fresher is quite good.

And why not, with a shortage of skilled labor and for companies to save costs, they have started outsourcing their businesses in different countries – the Philippines and Asian countries.

Two sectors – the Knowledge Process Outsourcing (KPO) and Business Process Outsourcing (BPO) have opened multiple job opportunities as well as given freshers and aspiring BPO professionals a great platform to get started in their career.

Getting into a BPO sector provides you multiple opportunities to work with international clients and at times with Fortune 500 companies likewise.

Though KPO is a segregated sector, it is a part of the BPO sector. However, the prerequires are different for both BPO and KPO aspiring professionals. For someone looking to get into the KPO sector will need to have a more refined skillset as well as the educational background.

Also, the roles and responsibilities in this area vary in nature and complexity.

The perks of working in the BPO sector:

  • Provides long-term career growth opportunities
  • Recent graduates get the opportunity to grow their career through professional advancement
  • Aspiring BPO professionals get the advantage of shifting their roles from executives to specialists within a few years-time
  • Continuous skill up-gradation – technical and soft skills
  • Wide arrays of training options for those in the company – certifications and internal job rotations
  • The best part is, professionals in the BPO sector have started promoting people from within the ranks for faster career growth

An additional advantage, the BPO sectors are now developing leadership skills using internal management programs. Doing so creates a pipeline for upcoming future leaders, and this happens by grooming the right talent from the existing workforce.

Below are some of the tips to make a successful career in the BPO sector:

  • You can always opt for BPO certifications, professional certifications play a crucial role. It shows the employer that you’re serious about your profession and you’re willing to do just anything to get stay job secured.
  • Being a team player is one of the skills an employer looks for while interviewing the candidate. Since individuals will need to work in large teams, he/she should be able to adapt to people.
  • Communication skills play a significant role in BPOs. You must be proficient with your communication skills.
  • You need to be proficient in handling a computer. Since you’re getting into a BPO sector, you might either get hired in any one of the categories – voice, non-voice, technical, or non-technical. And computer knowledge is a must-have.

How ready are you to get into the BPO sector?

Who Else Needs a Tuition-free University in Canada?

The number of cheap universities in Canada is increasing rapidly since most of them are being sponsored by the Canadian government. There are lots of opportunities for those who will come out with good grades from any of the institutions. One must be fully prepared in order to gain admission to Canadian universities. In time past, there are several international students whose dreams of studying in Canada have been cut short.

Studying in Canada is affordable for lots of international students compared to other countries whereby students pay a high sum of money before getting a quality education. These cheap universities in Canada are many, and for this reason, students have to select the right one that is going to favour them in their field of study. Therefore, proper planning is still essential in getting these Canadian universities by any student.

Before an international student will have to pay his or her tuition fee, it lies in their course of study acting as the determinant factor to them. For instance, the tuition fee for undergraduate students ranges from $7,303 to $49,800, while for those who want run to a postgraduate degree ranges from $3,222 to $42,850. If you have included this country as a place you will like to study for your tertiary education, then you have made the best decision in your educational path.

Cheap Universities in Canada

The following are cheap universities in Canada for international students, and here they are:

1. Dominican University:

This is one of the cheap universities in Canada located in Ottawa, Ontario. It is an independent institution that offers quality education to students in various fields of study. It will surprise you to know there are over 50-degree programs available for students, and this has shown the creativity and diversity of the university. Some of these faculties and departments available are Physical sciences, Biological Sciences, Arts, Engineering and physical sciences, etc.

2. University of Northern British Columbia:

The institution has created an indelible mark when it has to do with a first-class education. The education offers by the school have made lots of graduates acquired vast knowledge and experience in their specialized fields. It is a small school that is based on intensive research situated in Prince George, British Columbia. When it has to do with the tuition fees, it is affordable for international students to pay, and it is from $1,681 to $5,101. They offered both undergraduate and postgraduate courses.

3. The University of Calgary:

There is no way you are looking for cheap universities in Canada, and the University of Calgary won’t be part of it. This is a public tertiary institution located in Alberta, Canada. They are more concerned about getting students to make the right decisions in their career path right from their undergraduate courses. If you have the intention of getting a good education to make you great in your field, the institution can actually do that for you. They have two different degree programs such as course-based and research-based degree programs.

4. University of Regina:

This is one of the cheap universities in Canada located in Saskatchewan. Over the years, they have been recognized for issuing out internships to students who demand them. Apart from this, they are experts in giving out professional placements too. When it has to do with experiential learning in different fields, it is an ideal school to get it. Their tuition fee is as low as $13,034 for each year.

5. University of Prince Edward Island:

It is a public educational institute situated in Prince Edward Island. The good thing is there is a scholarship for both indigenous and international students. These various scholarships have made it possible for students to see their dreams of studying in Canada become reality. For those who are not part of their scholarship programs can pay a cheap tuition fee of $7,176 every year to obtain a quality education.

How to Take Care of 4c Hair

4C curly hair is identified as one of the most highly sought after hair types in the class 4 hair range. If you have curly hair, there are several tips that will help you maintain your curly hair for years to come. If you have curly hair but do not have the time or patience to take care of it, then you may want to consider using products that are specifically designed for curly hair.

Tightly Curl up Hair

4C curly hair is characterized by being very tightly curl up hair and can also be susceptible to breakage when not properly maintained. This type of sensationnel hair can be grouped in with the category 4A and the category 4B hair types, which feature a tight, fine hair curl. In most cases, this type of hair needs a specific type of shampoo that is suited for curly hair. These types of shampoo usually contain an anti-bacterial or astringent ingredient to control frizz and help to retain the curls.

Options to Choose From

When it comes to hair color, you may have many options to choose from. In some cases, this may require you to dye your hair to match the color of your face or your clothes. This may be a good idea for people who have straight hair but want to have a hair that is lighter than their natural hair color. On the other hand, if you have curly hair and want to dye it, there are two methods you can choose from, either coloring it black or brown and using a different product for your hair.

Hair Care Routine

Different people have different needs when it comes to their hair care routine. Some people may have their hair professionally styled and brushed every single day while others may only have it once or twice a week. Regardless of whether you are going to have your hair professionally styled or do it yourself, it is important to know how to take care of curly hair so that it maintains its original curl.

If you are concerned about the cost of taking care of your hair, there are certain products you can purchase to help protect your hair from damage. It is best to look into products that are made specifically for curly hair, as these products are more affordable and are better able to handle the natural growth of this type of hair. For example, there are products that contain keratin to help make your hair look softer, stronger and less brittle.

Use the Right Products

Taking care of your hair should never be overlooked, so it is important to get the proper products before you start to style it. There are plenty of products out there that have been specially designed for curly hair. In most cases, the products will provide a little added protection to your hair, but it will also protect your hair against any environmental factors such as wind and cold.

Benefits of Beautiful Hair

Dealing with your hair doesn’t need to be an errand. In fact, it can actually be a fun experience that allows you to do more than just take care of it. When you take the time to learn how to take care of your curly hair, you can enjoy taking care of it every single day. You will find that you are able to enjoy the benefits of having beautiful, soft, healthy, and frizz-free hair.

Final Words

Taking care of your hair does not have to be time consuming or costly. If you take the right steps before the problem takes place, then it can actually save you a lot of money in the long run. With the right products, you can have the best possible hair care experience.

Top Reasons To Get An Online Home Improvement Loan

Home Improvement Loan

Depending on one’s requirements and preferences, home renovation can involve significant expenses. While individuals often employ their savings for house remodeling or renovation, eroding the savings may not be a good option from the perspective of financial security.

Instead, raising funds via a home improvement loan can be a smart financial decision for homeowners. As these loans come with unrestricted end-use, the availed amount can be used for all renovation purposes.

From the elaboration given below, individuals can understand the primary reasons to obtain an online home reconstruction loan.

Home renovation loan – Meaning and reasons to avail

Typically, a home improvement loan is a customized personal loan that allows individuals to borrow an eligible amount, which can be repaid within a stipulated tenure. It is an unsecured loan as borrowers need not mortgage their property to obtain the credit.

Moreover, when applying for a home renovation loan, applicants must be careful about their eligibility. Usually, these eligibility measures can include age bracket, minimum monthly earning requirement, and excellent credit rating of not less than 750.

Further, once the eligibility requirements are fulfilled, a borrower can avail of the loan amount to fulfil the following home improvement needs –

  • Maintenance of the house
  • Repair to the interiors
  • Remodelling of a room, kitchen, bathroom or the entire house, as required
  • Painting of the house
  • Woodwork and flooring
  • Extended construction like patio

While these were the home renovation requirements that can be fulfilled with such a loan, these online advances also come with attractive features that make them a suitable funding option. Take a look.

Reasons to fund home improvement with a personal loan

  • Instant funding

Because of its collateral-free feature, individuals can save a lot of time when availing the advance, especially when applying online. Once you fulfil all eligibility requirements and apply online, lenders can disburse the loan amount within a short time.

Also, based on the lender and their eligibility, individuals can acquire a home improvement loan amounting up to Rs.25 lakh.

  • Flexible repayment tenure

Moreover, this financing facility enables individuals to repay the borrowed amount within a flexible tenure through EMIs. They can choose a repayment period of up to 60 months as per their affordability.

However, while choosing a tenure, borrowers need to be cautious about the instalment amount and avoid mistakes when they start a home renovation project. For convenience, individuals can use a loan EMI calculator that helps to decide the right principal amount and tenure that keep the instalments within their repayment capacity.

  • Competitive interest rates

Applicants can find various home improvement loan interest rates from different lenders. Thus, thorough research and extensive comparison are required to find the most affordable rate available.

Notably, customers with a strong credit profile can obtain competitive interest rates. For example, if a borrower possesses a credit rating of more than 750, he/she might be able to negotiate for an interest rate lower than what the lender usually provides.

  • Tax benefits

Typically, personal loans do not come with any tax deduction benefits. However, when this credit is availed for home renovation, borrowers can opt for a tax rebate of up to Rs.1.5 lakh under section 80C of the I-T Act 1961, within one financial year. Such tax benefits can cut down the overall cost for home improvement.

  • Simplified documentation

Another reason to avail of a home improvement loan online is its easy and simple documentation process. Borrowers are required to submit these following documents for loan application approval in no time.

  • KYC documents that can be Aadhaar, passport, voter ID, driving license, PAN, etc.
  • Employment ID.
  • Salary account statement.
  • Salary slips.

Nonetheless, on the basis of the lender selected, individuals can be asked to produce other documents as well.

Further, one can opt for lenders such as Bajaj Finserv that bring pre-approved offers. These offers can significantly reduce all the hassles of a loan application and approval with zero documentation for existing customers. Applicants can find these offers on several financial products like business loans and personal loans. You can look at your pre-approved offer only with your essential contact details.

As for these personal loans, it is vital to know about home improvement loan and its terms of lending before applying for the advance. After checking the personal loan fees and charges for home renovation, one can apply for the advance online and expect fast loan processing.

 

Planning the Perfect Toddler Birthday Party

Parties for toddlers are some of the most fun to plan, and mind-bogglingly busy to host parties that you can throw!  There are dozens of ways to celebrate a toddler’s birthday, from water parks to skating rinks- but here are the best ways to celebrate with a party!  No toddler can get bored at a party with all of this!

Activities

A quick way to entertain any toddler is to give them something fun to do!  Whether you hand out bubble wands or offer a cookie decoration station, you should provide kids with something to do with their hands.  This step will focus them while also letting them feel rewarded by completing something.

Bubbles are a great way to let them have fun without causing a huge mess to clean up.  This option can also be an excellent distraction for a kid who can’t handle the noise or diversion of the rest of the party.

Other activities toddlers might enjoy yard games, scavenger hunts, decorating birthday crowns, or even something as simple as burying treasure in a sandbox.  You can make an activity to match any party theme, don’t be afraid to get creative!

Snacks

Sugar and a gaggle of kids together can get overwhelming quickly.  Although serving carrot sticks at a toddler’s party might not go over well, there are other treats you can use to lead up to a sugary cake.

Consider treats that your kids enjoy or even treats that can be interactive.

Instead of plain pretzel sticks, you can buy a cheap kid’s fondue fountain for less than twenty dollars to let kids dip any snacks they want into cheese.  You can make healthy snack fun too with presentations and plenty of dipping options.

Fruits of all kinds, from watermelon to raspberries, are other great snacks even though their sugar content is higher than that of vegetables.

Live Entertainment

Party clowns aren’t gone forever, but there are tons of new acts that can wow and entertain children.  From trapeze artists to party mermaids, live performers aren’t just for parties for adults.  The other parents dropping off their kids will want to stay to watch the performers enjoy the show.

Don’t be too flashy; make sure that everything at the party is something your toddler will want.  This party is for your child’s birthday, after all!  You should make sure they know the day is about them.

Goody-Bags

Nothing leaves a better impression than to let the kids who attended the party leave with a bag of fun goodies.  You can buy premade bags already filled with things, but a better approach would be to custom-make the goody bags to something your child likes.  Have a budget, of course; it’s not like you need to buy every child a Nintendo switch- follow a theme.  If your son is head over heels for trains, include a mini toy train whistle!  Have fun with it.  A quick word to the wise, though, is that if you give away train whistles, wait until the kids are leaving to hand out goodie bags or have a headache in no time.