5 Factors Affecting Home Loan Interest Rates

Many first time borrowers are hastily impressed by the interest rates advertised in newspapers and television ads. However, most people don’t get their home loan at those advantageous rates. There are a few factors to bear in mind to get the ideal home loan rates possible for your brand new home.

• Credit history

This factor is all about financial standing. It allows the lenders to see your repayment ability, which is one of the most important factors. The smart thing to do before you apply for a home loan is to improve your credit history. Get rid of those credit card debts and personal loans. There are a number of things that you can do to show yourself as a reliable candidate for a home loan. Hence, you should take all the necessary steps to let these factors work in your favour.

• Nature of employment

Since your income is the means of repaying your EMIs, the nature of your employment is essential to your lenders. If you’re working in a smaller organization, you may come across as a less reliable candidate as compared to someone working for a public sector bank or a government job since their income is considered more consistent. Thus, your organization, years of experience and appraisals affect your credibility and repayment ability. If you compare a professional to a SME business owner with the same income, a professional is sometimes deemed more credible. You can certainly make this bias work in your favour. Today, most employees are job-hopping only for a 5 to 10 percent increment in salary. You can either choose to work with a more established organization or apply for a loan along with a co-applicant, who is working in a reputed organization.

• Your lender and home loan market

Many banks and housing finance companies are offering home loans today. There is a huge market and substantial competition. So it makes sense to apply to several organizations and let the competition work in your favour. If you get an approval from more than one organization, you are in a good position to negotiate and get the best possible housing loan interest rates .

• RBI

There are some factors that affect your home loan rates considerably; however, these factors are not under your control. The Reserve Bank of India has several rules and regulations that affect rates for all kinds of loans such as SLR (Statutory Liquidity Ratio) Rate, Repo Rate, Cash Reserve Ratio (CRR), etc., which you need to be aware of.

• Economy

The economy of India can also affect interest rates significantly. It is possible, though, to anticipate the possible changes to an extent and use them to your favour. So, make sure you use these factors where you can.

Ayurvedic Supplements To Cleanse Kidney And Regulate Purified Blood

Kidneys filter blood to produce urine and in this process, impurities, toxins and harmful particles are absorbed by kidneys. Poor functions of kidneys can raise many health problems as impure blood can affect cellular activities and health of organs. This organ keeps blood clean and maintains proper amount of salt and minerals in blood which helps to regulate blood pressure naturally. Damage to kidneys can increase the amount of waste fluid in body which further results in swelling, vomiting, weakness, insomnia and shortness in breath. If not treated on time, this damage can lead to life threatening conditions or kidney failure. Infection in kidneys can affect filter process which in turn may cause damage to other organs of body. Poor function of kidneys can increase risk of stones. Increase in weight also affects normal function of kidneys. Using herbal supplements can help in treating kidney problems as well as improving overall health.

One can use UT Clear capsules which are powerful ayurvedic supplements to cleanse kidney. These capsules treat various problems related with kidneys and keep them healthy. These capsules are very beneficial in case of kidney stones. Powerful ingredients of these capsules lower down oxalate and uric acid level in blood. These supplements provide vital nutrients which are essential for healthy working of kidneys. These capsules possess ingredients which repair damage in kidneys at relatively fast rate. This further prevents problems like frequent urge for urination or pain while urinating. These capsules detoxify kidneys in a natural manner. These capsules not only help to get rid of kidney stones but also prevent further formation of stones. These ayurvedic supplements to cleanse kidney are highly useful to those who have only one kidney. Due to improvement in health, body gets enough energy which further prevents weakness and reduces fatigue, tiredness, etc., effectively.

UT Clear capsules contain Haldi, Sonf, Taj, Gokshuru, Bastimoda, Haubair, Elaychi Badi, Kaknaj, Makoy, Varna, Kali Musli, Kulthi, Jawakhar, Kakdi, Ambahaldi, Samudrasosh, Patherchur and Shilajit. All these herbs present in ayurvedic supplements to cleanse kidney have been used in ayurveda from years to treat kidney related problems. These herbs treat various infections in kidney due to their anti-bacterial, anti-viral and anti-fungal properties. These herbs also help to break down or dissolve hard particles which form stones. Healthy kidneys produce urine properly and thus regularly eliminate toxins from body. These herbs absorb sodium from blood without misbalancing fluid level in body and keep blood pressure normal. Anti-inflammatory property of these herbs reduces swelling in kidneys and thus one gets relief from pain also. Some of the herbs also act as pain killers and give relief from sufferings caused due to injuries and kidney stones. These herbs flush out toxins from body and regulate purified blood.

It is recommended to use UT Clear capsules for at least 3 to 4 months to avail full benefits. These capsules give long term benefits and improve digestion also. Since these ayurvedic supplements to cleanse kidney do not cause any side effects, one can use these capsules for prolong time. Eat healthy diet and drink plenty of water to keep kidneys clean naturally.

How To Optimize Your Fixed Deposit As An Investment Tool

When you have an investment portfolio, you can’t be opinionated about investment tools. You should consider the pros and cons of each and make the best use possible. For example, there are several finance professionals who may suggest that fixed deposits are not beneficial. It is true that they have much lesser returns on investment than other investment tools like mutual funds. However, if you are building an investment portfolio, you would need to make some investments in low risk tools too as all high risk investments may not turn out to be profitable. There are other ways in which this product is helpful though.

• Invest for emergencies: Most people cannot anticipate every kind of emergency. For such situations, the safest, most rewarding & ideal investment would be fixed deposits . It offers higher returns than a savings account. While it is much lower than mutual funds and stock market, it has the highest form of liquidity besides a savings account. So, it continues to grow till you need it. If you plan to save and invest for this purpose, you must ensure that:

I. This is the best interest rate possible. Invest the right amount for the right period to earn the highest returns possible.

II. Ensure that the premature penalty is zero or very low since you use this financial tool to protect yourself against emergencies. Premature withdrawal penalties vary with every financial organization.

You must ensure that you opt for the best combination of the above factors for your investment. There are different ways to invest in this product, which are:

• FDs for low-risk investment: If you are a HNI (High Net-worth Individual), you are definitely in a position to take the risk. You have a substantial support system in place to protect you against major financial threats. Most retail investors, though, can’t claim to have this. So the question is can you risk losing it? If your answer is no, then high risk investment tools like the stock market or mutual funds may not be right for you. Fixed deposits, on the other hand, might be the most suitable choice instead. This low-risk low-gain tool is guaranteed to provide assured returns.

• Invest as a gift: While there are a few mutual funds that allow you to invest on a minor’s behalf, a FD is still a much better way to invest. If you find a good fixed deposit scheme that offers:

I. Best interest rate for the possible long term

II. Reinvestment of the annual returns option

Then you can easily invest in such a Fixed Deposit and nominate the child as a beneficiary to ensure that the said minor can use it for his/her education or wedding expenses.