What are the types of Home Loans Available in India?

Monetary organizations in India offer a wide cluster of home loans to buyers. Regardless of whether you are hoping to purchase a home, or expand or redesign your current home, banks these days can assist you with altered designs to meet your extraordinary home loan needs.

So before you start inquiring about how to get a home loan, it is important to give you the lowdown on the various kinds of home loans so that you can choose the right loan as per your needs.

Home purchase loan:

As the name proposes, this is the most well-known home loan benefited while purchasing another home. All significant banks including SBI, HDFC, ICICI, PNA, and Axis Bank offer home loans.

You will get a limit of 75-85% of the worth of the house as a home loan.

Home improvement loan:

Banks offer home improvement advances for the augmentation, execution of fix works, or redesign of a home that the borrower has effectively bought. The borrower can utilize the credit sum for outside or inner improvement of the house.

A few banks offer a different classification of advances for home expansions and call those credits home augmentation advances. All significant banks in India offer home improvement advances.

You can benefit around 80-90% of the working gauge. For additional subtleties, read our restrictive post on home improvement advances.

Home construction loan:

The home development credit is ordinarily offered to clients who are searching for assets to build another home. The financing costs and application measure is equivalent to some other sort of home loan.

Home conversion loan:

Purchasers can bring home transformation credits in the event that they have effectively taken a home loan from a bank for purchasing a house and are presently searching for an extra advance add up to purchase another home. The exceptional sum for the past advance is moved to the new advance.

This kind of credit is normally profited by individuals who like to kill the need to pre-pay the past or existing advance. In any case, since these credits are intended for second homes, borrowers may need to pay a higher pace of revenue than new home loans, contingent upon the arrangement of the bank from which they plan to acquire.

Land purchase loan:

This sort of credit is benefited by individuals who need to buy land either for developing a home or only for the venture.

It is important to know that Buying a farming area isn’t permitted under this advance.

All significant banks in India offer this advance. The residency of a land advance is a lot more modest than that of a home loan and normally runs between 5-15 years. This implies that your EMI will likewise be somewhat higher.

The credit to esteem proportion of land advances lies between 60%-75%, and most banks have a cap on the greatest sum that you can acquire. You’ll need to bear practically 30%-35% of the expense as an upfront installment. The financing costs for most land credits are generally at standard with home loans.

Bridge loan:

These are redone advances for people who need to sell their current homes and purchase another home. As the name proposes, this credit connects the monetary hole that is made while purchasing another home and discovering a purchaser for the current house.

The scaffold credit is a transient advance that can be profited in the meantime time of purchasing another home and selling the bygone one. Since it’s anything but a transient advance, financing costs are marginally higher than standard home loan rates.

To profit from this advance, you should outfit subtleties of the new property to the bank. In the event that you can’t discover a purchaser for your old house inside six to a year of profiting of this kind of advance, then, at that point, your bank may feel free to change over it’s anything but a home loan advance, with a higher pace of revenue.

Balance transfer home loan:

An equilibrium move home loan empowers purchasers to profit with lower loan fees on the lookout. Despite the fact that RBI demands that lower loan cost advantages ought to be given to existing clients, the vast majority of the banks in India abstain from doing as such, consequently making an equilibrium move a rewarding alternative for borrowers.

Under this sort of advance, existing home loan clients change their home loans to another bank to profit with a lower rate of interest. An equilibrium move-home loan lessens the weight on purchasers with existing home loans.

Stamp duty loan:

Banks offer the stamp duty loan to help buyers bear the cost of stamp duty to be paid during registration of the property.

Reverse mortgage loan:

This is a somewhat new idea in India that is pointed toward giving monetary help to senior residents. Under invert contract credits, the borrower vows the property, and the bank then, at that point shows up at its present market esteem, after which the bank dispenses the advance sum as occasional installments to the borrower.

The Number 1 Most Effective Presentation Skill: Rise Above Your Competition and Get Rave Reviews

We’ve all been exposed to a terrible presenter or instructor. The minutes drag by while the presenter seems oblivious to the reactions and needs of the audience. As an educator I know that there are several elements that are essential in creating a successful presentation. One of the most important is pacing. You should strive for a pace that moves quickly enough to maintain interest but allows enough processing time for the audience to comprehend the information. Processing time is the secret that will set your presentation apart from most of your competition.

Let’s use a 50 minute presentation as an example. Unless you’ve been hired as a keynote speaker you never want to spend the entire 50 minutes talking non-stop. Your presentation needs to be broken up into segments. This helps your listeners retain much more information than they would otherwise.

All parts of your presentation are not equal in terms of audience attention and retention. There is a natural ebb and flow to how we listen. We tend to remember best what we hear first, second best what we hear at the end and remember least what comes just past the middle. This is not news. We’ve known this for over 100 years, but like with many things, just because we know the right thing to do that doesn’t mean that we do it!

Talking to a group for 50 minutes or longer is common practice in school and business settings. We know better, yet we continue to do it. There is a better way and one that makes you an in-demand, effective presenter.

When you start preparing your presentation think in terms of dividing it into 3 segments. In a 50 minute presentation there will be two segments of optimal learning and a time when learning is lowest. These are referred to as Prime Time 1, Prime Time 2 and Down-Time.

The first segment is Prime Time 1 when retention is highest. Present new, important information here when your audience is fresh and most receptive. Don’t waste a lot of time talking about the weather, telling jokes or warming up the audience. You do need to create rapport but you can do this within the context of your material. Seminar presenter Fred Gleeck, says he always gives his most important piece of information in the first few minutes of a seminar. After about 12 minutes, retention starts diminishing. At 20 minutes it’s time for something else.

We now move into the second phase: Down-Time. The brain gets full of the new information and the mind starts to wander. Now is the time to have participants put their new knowledge to use. Set up a quick activity that allows participants to process the material in some way- talking to a partner or a small group or journaling. This gives the audience a break from new material, a chance to talk with others and hopefully move around a bit. It also lets your previous information “sink in” so it will be remembered. This activity will last roughly 8-10 minutes.

Now you are ready for Prime Time 2. This is the second best time for learning and retaining material. Use the last several minutes for review and closure.

If you follow this method your audiences will remain interested, retain more information and rave about your effective presentation skills. If you don’t give your audience time to process you will waste their time and your time.

Speeches and Presentations – Guidelines on How to Say it Best

Everyone can find the right words – all it takes is practice and some guidelines to help you structure an effective presentation.

Firstly, and most importantly, start with the end in mind. Set aside enough time to determine your purpose and intention in preparing and presenting your speech. Your purpose may be to entertain, to educate, to inform, to persuade or even a combination of the fore mentioned. A clearly defined purpose is a blueprint or a template that structures a meaningful and focused speech.

Your second step to finding the right words will be to brainstorm the topic by spontaneously writing down your keyword ideas.

The third step is the planning phase. People tend to rush through this important phase, but it is time well spent. Plan your speech here. You may wish to use a mind-map, a flow chart or even a horizontal plot-line to help structure your thoughts. Concentrate on the introduction, the development of the body of your speech and finally the conclusion.

These three phases can be likened to a sausage dog. Picture a sausage dog in your mind.

The head is your introduction. It should introduce your topic, capture your audience’s attention and lead the audience into the purpose of the presentation. Remember, that the sausage dog’s head is relatively small in comparison the rest of its body – so short, pertinent and gripping work well here.

The introduction is followed by the body of your address. A visual reminder is the long body of the sausage dog. This section of your speech should consist of four or five paragraphs that individually develop a different aspect of your speech, but at the same time are all linked to a common purpose – pretty much like the body of our dog.

Finally, the tail – possibly with a twist or a loop? The conclusion should sum up your speech. It may tie up loose ends, finalize an argument or highlight the end of your speech. Either way, your audience should clearly see that this is the end of your speech, just like the tail is the end of our dog!

It is only now that the planning phase is over, that you will choose your words to achieve your initial aim and the purpose of writing your speech.

This is the easy part. There are so many resources out there to help you to find the right words to say it best. The Internet, book stores, friends, magazines and libraries are all invaluable resources at your disposal. Finding the resources is relatively easy, but it is very important that you personalize the content.