Compare Home Loan Interest Rates To Find The Best One

Several banks and housing finance companies offer different home loan rates. If it was as simple as visiting a third party website and entering your details to compare the home loan interest rates, there was no need for this article. Yet, you know, there is certainly much more to it. So, how do you evaluate the best home loan rates in India ?

Put your best foot forward.

Clear your credit card debts and personal loans and get the best possible CIBIL credit score. You should revise your credit history without any damaging elements. Calculate the required down payment, since it will affect the banks and housing finance companies that approve your loan, interest rates offered, repayment strategy allowed and more.

You would need to start saving up to 20% of the principal amount. So, you should plan for it in advance as you will need all the necessary documents to demonstrate your assets, liabilities, investments and earnings. Your good position and salary in a reputed organization comes in handy too. Now, you are ready to compare the available home loan interest rates in India .

Apply, apply, and apply.

Most banks and housing finance companies have online eligibility calculators and loan application systems, which allow you to apply for home loan within a few minutes. When you apply for a loan, you receive realistic interest rates based on your repayment ability, income and potential to earn. As you receive approvals, you will get realistic interest rates and EMI projections as well. This is a great place to compare the loans as well as finance companies. As these rates are open for negotiations, though banks don’t encourage that practice, you can contact your loan officer and use this time to draft the best possible deal.

Compare the specifics too.

After comparing the home loan rates, you must compare minor details too as they help you to negotiate and customize the loan as per your convenience. Lenders with the best possible proposal would include the right repayment strategy, prepayment clauses etc. All comparisons will not help you to select the best deal. Yet, you must look into boring fine print documents such as terms and conditions that would shape your EMIs and financial life ahead.

No wonder the right foundation for a successful comparison and loan approval is thorough research. So, explore the details of the EMIs, documents, terms and conditions, repayment options and interest rates to finalize the home loan that suits you the best.

Difference between Test Planning and Test Strategy

Test Plan is a road map to testing. A test plan defines the blue print or approach to testing. Following questions are answered in a test plan:

How the testing will be carried out
What will be the approach
How we will proceed with testing
Testing strategy
Features to be tested
Features not to be tested
Hardware requirement
Software requirement
Man power requirement
Manual OR automation will be implemented
Build schedule (when the build will be given for testing)
Test schedule (when the testing will be completed for the given build)
When the retesting will be performed
What will be the regression plan
What features will be tested in regression (regression suite) and so on
Scope of testing is defined in test planning
Types of testing like API, compatibility, UI, functional, non functional
Test deliverables
Test artifacts
Test environments
Risk involved
Risk mitigation
Entry criteria
Exit criteria
Responsibilities (roles and responsibilities of each member)
Staffing and training need.

What is Test Strategy?

Test strategy is a set of guidelines or guiding principles to carry out a particular testing task. It is a subset of the test plan. It features preconditions before carrying out a particular testing task.

For e.g. what would be the strategy when a build comes for testing?

1. We might say we’ll be requiring a ‘Release note’ mentioning the features and bug IDs addressed in the build along with other details.

2. Then we must carry out a smoke test on the build to accept it for more rigorous testing.

3. The 70% pass percentage of the smoke test would be the acceptance criteria for the build.

4. Once the build is accepted, the test case execution will begin and

5. The bugs identified will be logged in the respective project management tools.

6. A test summary report will be shared upon completion of testing.

All these low-level guidelines documented is a test strategy document.

While test planning goes hand in hand during the project planning phase and initiation of the project, test strategy on the other hand keeps evolving during the project development process and may change on a conditional basis as per the progress of the project. Test strategy is more of conditional execution of testing task – “if this then that.” The test strategy document contains protocols and instructions which determine the execution of a testing task. There are numerous things that can be strategized in a software test plan. Strategizing automation plan, strategizing stress and load testing plan, Strategizing nonfunctional testing, Strategizing functional testing, and so on.

In some cases, a test strategy is defined in the test plan document itself. But in larger projects where the scope of testing is immense and lots of non-functional testing also needs to be done, in such cases, a separate test strategy document is prepared which list down the approach and guidelines for carrying out the testing.

7 Proven ways to Increase Your Website’s Conversion Rate

Whenever it is about boosting your website’s conversion rate, most of our focus shifts to the efforts we have already made to increase conversion or lead. Each website is developed uniquely. While some are more focused on repeated retention, some others are focused on the conversion rate. Whatever is the case, every website wants to generate leads.Basically, a conversion rate is termed as a website function that is based on the website’s usability, brand name, incoming traffic, and many more. In this blog post, we will tell you the conversion rate meaning and how to increase the lead conversion rate!The only thing you need to ensure is that you read the entire blog to understand everything.Today, every top website design services in USA try to create a mobile-friendly website because your mobile generates half of the total internet traffic. Getting traffic from any source to your website is great, but if nobody from that traffic buys your services, then it’s wrong.There are supposed to be 4 main issues:

First, the traffic is inorganic
Second, the website design and content layout is boring
Third, your website is slow in the process
Fourth, your services aren’t good to buy
If your website falls under any of these issues, then lead generation is surely a tough task for you. But, if you solve these issues, the conversion rate of the website might increase if you follow best practices.

What is Conversion Rate Optimization?

Conversion rate optimization (CRO) means the number of people buying your products and services. For example, if your website has 1000 visitors a day, and only 1 out of those 1000 buys your products, the CRO is 0.001.“Technically speaking, the average CRO of any website is between 1 to 3% a month!”If your website’s CRO is more than 3%, then please mention your conversion rate optimization tips with us in the comment section below. However, it is less than 1%, then you need to improve the design of your content, you need to write better content, and you have to focus more on impressing the visitors.In order to increase the conversion rate, you need to focus on running CRO campaigns on your site so that the visitors turn into buyers. As the buyers, increase, you will be able to collect more data from them that will help you to learn about the products and services they want.This acts as a CRO funnel that comes under the sales funnel of online marketing & selling.

How to Check Conversion Rate Metric?

Regardless of whether you’ve got an eCommerce website or service providing site, dealing with your online business’ means promoting and monitoring a lot of various factors in order to decide if your CRO is good or not!In both kinds of websites, you prefer to check the click-through rate on the CTA (call-to-action buttons) you have used on the web pages. If this rate is good, then your CRO will also be good.Driving high engagement rates with substantial returns from impressions and clicks is a good website earning model. You will do everything to achieve this; otherwise, your competitors will swallow the whole market.“In order to increase CRO, you need to focus on several conversion rate metrics. Some of them are Traffic sources, New visitor conversion rate, Return visitor conversion rate, Interactions per visit, Value per visit, Cost per conversion, Bounce rate, and Exit pages.”It never matters what goals you have from your website. The only thing that matters is you want more visitors, more customers, and you are able to sell more products.Note: This conversion rate metric report is based on Neil Patel’s observation on thousands of US-based websites.

How to Increase Lead Conversion Rate?

Basically, increase conversion rate meaning refers to the growing conversion rate of a website accessed from laptops, desktops, smartphones, tablets, etc.Here are some of the tips to increase website conversion rate:

Add video to landing pages
Deploy designated landing pages for ads
Add CTAs to key pages, Use progressive forms
Build a chatbot
Integrate CRM software with Live Chat Use pop-ins
Personalize the user experience
Collect and analyze visitor data
Assess your current conversion funnel
Build trust with reviews and testimonials
Make site navigation simple and seamless
Improve page load time
Offer various payment options
Try a single column layout
Monitor ready-to-buy consumers on social media
Conclusion

There are few things which we have learned today, i.e., CRO – conversion rate meaning, ways to increase the conversion rate of a website, factors on which conversion rate metric depends, and tips to increase the conversion rate.Now, I have a question for you, and I suppose that you can answer it well after learning piles of things from today’s post.Can the website conversion rate become two-digit, i.e., 11%, 15%, etc?Answer me in the comment section below!