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Understand Your Expenses With Home Loan Calculations

Most expenses for a home loan seem small as compared to the principal amount, due to which people fail to take them into account and include them in the principal amount. Thus, it should come as no surprise when the final home loan calculations bring about EMIs that are shockingly huge to pay. It makes sense, thus, to include these minor expenses in your principal amount while calculating your EMIs with the home loan EMI calculators in India .

Processing fees:

It is a tiny percent of your principal amount and can even be waived off in certain cases. In most banks, it can be anywhere up to 1%. However, the final processing fee will be charged along with the requisite service tax.

Stamp duty:

This amount was earlier included in the principal loan; however, from mid-2012, this amount must be paid in its entirety separately. So, calculate the stamp duty and set aside sufficient funds for it like you would save up for the down payment. Since it costs up to 8% to 10% of the principal amount, you must include it in your home loan calculations carefully. As, you can’t pay it via EMIs, exclude it from the amount you enter in the home loan EMI calculators.

HLPP:

A home loan protection plan is a term insurance product for homes. You can pay it all at the start or you can pay it in monthly instalments. This choice mostly depends upon available funds after the down payment and stamp duty cost. If you plan to pay it on a monthly basis, you must include it accordingly in your EMI calculations.

Interest rate fluctuations:

These are really challenging to anticipate. Most people fail to include them in the home loan calculators in India . But, for floating and fixed interest rates, these fluctuations are very common. So it would be smart to make a few rough calculations to observe their impact on your EMIs. You should be in a position to pay off the EMIs in spite of the variations as they would occur eventually. Therefore, don’t plan your EMIs in such a way that there is no money left for these additional expenses.

It is imperative to foresee all these factors and understand their impact on your total expenses. A smart strategy would be to keep sufficient room in your monthly cash flow for these additional expenses. So, plan smart and choose well for your dream home.

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Ayurvedic Supplements To Boost Immunity And Reduce Frequency Of Common Cold

Body has a defense mechanism which protects one from virus, bacteria attack and infections. Those who eat healthy and do regular exercise have strong immunity. Nutrient deficiency lowers down antibody production by body cells. Immunity becomes weak in the following conditions:

1. Those who eat sugary foods a lot not only gain weight but sugar also hamper the ability of white blood cells to fight bacteria for the next few hours.
2. Not drinking enough water creates less urine and it is necessary to produce urine in optimum amount as toxins flush out of body with urine only. Presence of toxins in body also create problem in overcoming illnesses.
3. Increase in weight causes hormone imbalance and inflammation which impair the ability of immune system to fight infections.
4. Dryness in nose allows virus to enter in body easily without getting trapped in mucus in nose.
5. Stress and tension for long time weaken the response of immune system.

One can use Imutol capsules which are powerful ayurvedic supplements to boost immunity. These supplements provide vital nutrients which are essential for running functions of body. This also helps one to overcome various deficiencies which affect the defense mechanism of body. These supplements improve absorption and metabolism of nutrients in order to supply energy to body cells which produce antigens and develop muscles. With increase in blood circulation, production of antibodies increases. Frequency of illness reduces which prevent fluctuations in healthy growth of a person. These supplements improve functions of spleen, tonsils, lymph nodes and bone marrow which are involved in maintaining defense mechanism of body.

One also gets relief from weakness that happens when one falls sick. Also, regeneration of cells and tissues get speed up which help in fast healing of wounds, cuts, injuries, etc. One also gets protection from toxins and free radicals which cause cellular damage. Bowel movements become regular with which toxins from body are excreted regularly and this is also supportive in increasing immunity of body.

These ayurvedic supplements to boost immunity contain the following herbs:

1. Tulsi – It contains antioxidants and vitamins which improve respiratory system, fight infections and pathogens and detoxify body in order to balance various body functions. It also helps to reduce frequency of common cold naturally.
2. Kutki – This herb purifies blood, enhances cellular growth, speeds up tissue regeneration and keeps body organs healthy. This herb is an antibiotic which possesses anti-bacterial, anti-microbial and anti-inflammatory properties.
3. Shatavari – It promotes overall well being and health. It also provides nourishment to brain cells and helps to produce a fluid that supports brain to govern body functions. Hence it is included in making ayurvedic supplements to boost immunity.
4. Abhrak bhasma – This herb increases red blood cell count and oxygen carrying capacity of RBC’s. It is an excellent nerve tonic and cellular regenerator.
5. Chitrak – It improves metabolism and this produces more energy for brain cells. It improves antioxidant action and this prevents damage to brain cells from free radicals and toxins.
6. Suvarna bhasma – This ingredient nourishes neurons and increases brain power.
7. Kesar – It promotes overall well-being of a person and its active components prevent effects of free radicals in body.
8. Anantmula – It treats disorders related with gas, heat and metabolism in body.

These herbs are mixed with extracts of Haridra, Daruharidra and Nimba to produce Imutol capsules which are effective ayurvedic supplements to boost immunity. Use these ayurvedic supplements for 3 to 4 months regularly to achieve long lasting results.

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Common Mistakes In Home Loan EMI Calculations

Home loans are complex yet worthwhile products as they offer you a chance to own your dream home. There are, however, a few mistakes that people make while making their home loan EMI calculations. Understand and avoid the same to make better financial choices.

1. People don’t undertake extensive research.

Any potential borrower can go online and find out important details from reliable third-party websites. Bank websites also promote their own products and services. There are also ample other websites that offer home loan EMI calculators in India . In addition, they also offer sophisticated financial advice on home loan calculations. Availing these services help you to understand the potential expenses that you are normally unaware about.

2. Factor in the minor expenses.

There are several expenses included in the home loan calculations, some of which are trivial and don’t seem to be important enough today. However, they are sizable collectively. Hence, it is important to take them into account from the start. Here are a few examples of such minor yet relevant expenses:

• HLPP
• Stamp duty
• Processing fees
• Additional expenses during the loan term such as prepayment penalties, switching charges

When you use the home loan calculator in India , include these amounts in your principal amount before you calculate your EMI.

3. People rush to seal the deal.

Most borrowers are in a hurry to complete this process. There is nothing wrong with that; however, in a hurry, they tend to ignore important details. Some of these include:

• Credit Score: People understand that their credit score affects the loan in more ways than one. Yet, people don’t take the time to improve it before applying for a loan. This small step is crucial for loan approval and better interest rates.

• Negotiating Interest Rates: You can negotiate the interest rates with the home loan officers. This practice is neither announced nor encouraged. But, people who are patient enough to ask and negotiate can avail it.

• Terms and Conditions: Very few people attempt to understand the terms and conditions for the loan. This document includes quite a few important conditions for the home loan. For example, most people opt for fixed interest rates, assuming they remain unchanged. Yet, the fact is that it is higher than floating interest rates and susceptible to change over a period of time.

Most investors and business owners, who avail home loan services frequently for their businesses, understand these principles and incorporate them. Thus, it is important to examine your loan applications, credit scores, repayment strategies and relations with banking officers to get the best results possible.

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