November 2017 - Page 5 of 5

A Detailed Guide on Home Loan Balance Transfer

For a prospective home loan seeker, the interest rate on loan is the biggest matter of concern. The interest rate on home loans varies according to the banks. It is anywhere in between 9.8{ed162fdde9fdc472551df9f31f04601345edf7e4eff6ea93114402690d8fa616} to 12{ed162fdde9fdc472551df9f31f04601345edf7e4eff6ea93114402690d8fa616}. A home loan bank transfer helps you shift the existing home loan to another bank that offers a lesser rate on interest.

It is not always the interest rate that dictates a home loan transfer; it could also be due to better services and offers. Such transfers are applicable if the customer has paid the EMI for more than 12 months with the existing bank.

The Prime Features of a Home Loan Bank transfer

Hassle free transfer of the outstanding home loan amount from one bank to another
The home loan borrower has to pay a fee to the new lender, and it is usually up to 1{ed162fdde9fdc472551df9f31f04601345edf7e4eff6ea93114402690d8fa616} of the loan transferred
The transfer of the home loan can be availed only after a given period, the details of which are mentioned in the original loan document
After the transfer, the loan borrower owes the new bank or lender the principal loan amount that was transferred plus the charges applicable

The Common Scenarios for a home loan transfer

Apart from the reduction in interest rates, there are other reasons why a borrower would want to change his lender.

If the current lender does not agree to negotiations on some of the terms and conditions
If the lender is not open to a loan top-up
If the borrower is not happy with the services of the current bank

Fee calculation

Loan transfers are beneficial if the borrower is in the early stages of the home loan. For a transfer, the banks charge anywhere from 0.5{ed162fdde9fdc472551df9f31f04601345edf7e4eff6ea93114402690d8fa616} to 1{ed162fdde9fdc472551df9f31f04601345edf7e4eff6ea93114402690d8fa616} as the processing fee. Sometimes the fee is a flat amount of Rs. 5,000 to Rs. 10,000.

To calculate the efficiency of a bank transfer, reduce 100 basis points if the tenure left for the loan is less than five years. Likewise, a reduction of 75 basis points should be carried out if the tenure of the loan is five to ten years and 25 to 50 basis points for 15 to 20 years.

The Process

A letter should be submitted to the existing lender asking for a loan transfer. The bank will issue an NOC or a consent letter and a statement of the outstanding amount. Once these documents are provided to the new lender, the loan will get sanctioned, and the account closure with the old bank will be initiated.

Once the transaction is complete, the new lender will get hold of the property documents, and the post-dated cheques will be cancelled.

The prepayment penalty (2 to 5{ed162fdde9fdc472551df9f31f04601345edf7e4eff6ea93114402690d8fa616} of the outstanding loan amount) that was charged by the existing lender is now waived by some banks. This can be negotiated if the bank charges the same.

Points to consider before a loan transfer

Reduced EMI and a longer tenure need not necessarily mean you will be paying a lesser amount. Carefully calculate the total outflow and compare the rates of both the bank before making the decision.
Apart from the processing fee, the borrower will also have to pay valuation fee, stamp duty, legal charges and technical fees as well as other combined charges. Compare these costs and analyse if the reduced interest rate makes a difference.

iii. The terms and conditions that dictate the loan of both the banks should be investigated. Examine the pros and cons of the terms and conditions before arriving at a decision. Some banks may require the borrower to open a savings account. Such subtle conditions must be analysed

A transfer can be avoided if the interest rate is only marginally better.

Most of the banks in India offer the facility to transfer the existing home loan to another bank. A home loan transfer can help you plan your finances better.

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Grandmother’s Recipes for Good Health

There is a reason why grandmothers’ kitchens always smell delicious with an intoxicating aroma of freshly baked bread or pie. It is because they are made from scratch, with locally available fresh ingredients, well balanced in nutrition, and of course with oodles of love!

More you pay for the meals, the worse they are! These are the words some grandmothers live by and with good reason. Why an expensive salmon dinner when you can get the same amount of protein from cottage cheese or red beans?

A hundred years ago, one in 150 was obese. Today sadly, it’s one in four. Experts agree that we should look into our Nana-Nani’s eating habits for healthy living.

Why start Your Day the Right Way?

Remember seeing your grandmother drinking at least two glasses of warm water when she wakes up? This and Tulsi tea with honey cleanses your system and boosts your immunity.

Our predecessors across the globe held food sacred. Having meals on time was religious than routine. Meal times affect the biochemical clock in the peripheral tissues including the muscle, liver, and adipose tissues. Skipping meals can also lead to gastric reflux or heartburn.

Why is it Important to Cook Your Meals?

It saves money. Little expenses spent on eating out can lead to a massive financial drain when in a crisis. Easy meals made at home like chicken soup and a slice of buttered bread contribute significantly towards your savings.

Chose ingredients to suit your body and lifestyle and cook them in the manner that is right for you and your family. Dangerous chemicals are added in commercial food to make it appealing and increase the shelf-life. Very often, you will find cryptic numbers listed as preservatives and colors that are harmful.

In the olden times, everyone had a role in the kitchen. It brought the family together, and children learned to respect food as well as were taught independence. Home-cooked leftovers from a meal were turned into something delicious (leftover veggie roll anyone?).

Is Exercise Overrated?

What and how much you eat have a greater influence over your general well-being. Resting calories are energy you burn when doing daily activities like sitting or sleeping. Only 25{ed162fdde9fdc472551df9f31f04601345edf7e4eff6ea93114402690d8fa616} are burned as active calories from exercise.

It would make a world of difference if you shifted from drinking water to refresh yourself instead of soda with all those empty calories and perhaps walked to the store instead of driving.

Our grandmothers had a heap of options to quench that midday thirst and kill hunger pangs. Lemonade, butter milk, yoghurt, fresh fruit, nuts, and raw vegetables are just some of the delicious items you can stock in your fridge that is so much healthier.

How to Start Cooking?

Simple dishes like crock pot meals with rice, veggies, lentils, fish and meat put together in one vessel saves time and effort. Boost your immune system with these tried and tested recipes from your grandmother’s kitchen:

Little mace in milk keeps children’s bodies warm in winter
Daily consumption of ginger green tea with Tulsi will keep away colds and coughs
Mix and consume 4-5 Tulsi leaves in honey with 2 or 3 peppercorns to increase resistance to infections
Almonds soaked overnight and eaten with honey is your ultimate defence against fatigue
Dry roast and powder 100g cumin, 100g fennel seeds, and 50g fenugreek; and have a teaspoon of this with water at night before bed.

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Father’s Day Gift Guide

They say that every child’s first hero is their father. Well, this is accurate, isn’t it? One man who has been by your side all the time, loved you and taught you all the right lessons, doesn’t he deserve a medal?

Now, that’s what father’s day is what it is all about! It is to show your appreciation to your dad for all the influence he has had on you and for helping you become the person that you are today. He has worked untiringly to see to it that you have a good life and that you get everything that you want.

He has always had your back and your best interests at heart. So, the least that you could do is devote a day to him and thank him for everything. Anyway, father’s day isn’t far away. We’re celebrating it on the 18th of June this year. Are you looking for father’s day presents or ideas for father’s day?

If you’re here, then I assume you are already looking for some dad gifts! Well, you’re at the right place because here, we talk about father’s day ideas and father’s day gifts. Read on to find out some unique father’s day gift ideas!

Help Him Catch Up with the Trend with Some Glasses

Well, if you have always despised your dad’s glasses, here’s a chance to get him an upgrade! Get him some cool frames! Plus, it would serve as a cool gift for dad!

Class It Up with a Leather Wallet

No man would say no to leather wallets! An upside is, there are, literally, a million choices that you could pick from and all of them would still be awesome!

Upgrade His Jeans

You might have already given up on telling your dad to stop wearing those old jeans. Well, this is a chance for you to get that handsome man a rad new pair! It would make a great father’s day gift.

Pour Out Your Emotions with a Card

Just say it all! The things that you have been meaning to say to him. Write your heart out! Bring out that smile with a simple card. There’s nothing like a handmade card, right? It would show that you took some time from your schedule put some effort to make his day.

Watches are Always the Classic Gift

Gift him a watch so that he’d proudly wear it on his wrist and show off to his friends what an amazing person he raised!

Get Some Spa Day Packages so He can relax

Check out some nearby spa for men and find out some good packages. Let your old man get a nice good massage this father’s day! It’s good for the body! Get some coupons and just gift them away!

Well, these are only a few off the top father’s day 2017 gifts. You could also go for things like loafers, jackets, headphones and what not! There are a billion options out there, and no one’s stopping you from exploring!

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The Perfect Father’s Day 2017 Gifts for the Perfect Dad

Your dad has always been there beside you. He gave you piggyback rides in the park when you were little and made sure that you did not fall off your bicycle until you were finally able to pedal on your own.

When you grew a bit older, he was present at every school play and sometimes even turned a blind eye when you came home a little late. And now, he is taking your kids to the park so that you can finally get some much-needed peace.

Over the years, he’s given the entire job of parenting his full effort. Thus, it is no wonder that you are confused about finding those unique father’s day gifts which are just precise to commemorate him on Father’s Day. While he has always done it all for you, finding good father’s day gifts is never easy – no matter how many years have passed.

Finding the Right Gifts For Dad

This year, we hope to make your shopping quest feel a little less demanding and a lot more fun. Are you convinced that your dad already has everything? Then you definitely need to read on and see for yourself the wide range of father’s day presents that are out there.

Shaving Kit

Even the manliest beard loving dads need to shave. This Father’s Day, help your dad look sharp with a premium shaving kit. A gift like this ranks on the top when it comes to father’s day gifts.

Ray Bans

They give a classic look that never goes out of style. Definitely on the top when it comes to getting those cool gifts for dad.

Many-Tools-In-One System Awaken the inner workman in your dad. Probably one of the more unique father’s day gift ideas, this gift will equip your dad with the ability to handle any situation that requires quick fixing.

Exotic Coffee

You never know when Dad might need his caffeine fix, but with your gifts for father’s day, he’ll now be able to satisfy his cravings whenever he wants.

Fitbit Band

This should be one of the better ideas for father’s day. A Fitbit will help your dad stay healthy and accurately count those 10,000 steps a day.

Spa Day Packages

Dads need pampering too. Gift him a relaxing session at a spa for men. A good spa will treat your dad like a king, which, in fact, is no less than what he deserves.

Books

Gifting good books to your dad is among the great father’s day ideas. There are plenty of books to choose from, and you will be sure to find something that matches his reading list.

Perfumes

One of the more frequently brought father’s day gifts but something that is very special. That perfect smell for that perfect man.

So go out there and get your dad what he deserves on this special day to celebrate him. Having done so much for you, he deserves that special gift. The smile at the end will be worth it all.

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11 Awesome Gifts for Father’s Day He Will Love

George Herbert famously said, “One father is more than a hundred schoolmasters.” The third Sunday of June every year, celebrates fathers all over the world in their honor and for their contribution as a parent in their children’s lives.

Father’s Day is a special occasion that originated in the US in the year 1910 to recognize all those fathers who make a difference.

What better way to show your dad your love for him than to buy him the best father’s day gift? Here are some excellent ideas for father’s day celebration.

What Unique Father’s Day Gifts to Buy?

Buying gifts for dad can be quite daunting yet pleasurable since you are buying for your father who loves you no matter what. It is important to understand and accept to what kind of a person he is and what he likes. Let’s say your dad is suave, check out these cool gifts for Dads:

A traditional watch: There are so many brands coming out with innovative designs, yet the charm of a classic analog watch is never out of style.
Classic sunglasses: The best accessory to go with his otherwise stylish self is a cool pair of summer shaded that he will proudly show off.
Cologne: Choose the scent that he favors most (ask mom!) and keep it uncomplicated. This is always a sure hit.
A very fancy shaving kit: Yes, he has a shaving kit, but does he have a ‘fancy’ one? Look out for kits and sets that come all necessary accessories like shaving brush with natural bristles or a super awesome smelling aftershave.
Spa day packages: This is probably the best gift you could give your hard working dad. You can enquire about packages that range from a couple of hours to a whole day!

Father’s Day 2017 Gifts for the Technologically Challenged

The best gift for your dad will be to introduce him to some of the coolest techs out there:

Virtual reality: Goggles, headset, and video games are all excellent choices that will make him shriek with joy.
Smartwatch: these are simple to operate and full of features. He’ll probably forget you for a few hours fiddling with this!

Father’s Day Gift Ideas for the Intellectual

Book lover?

First edition of his favorite book
The next best thing: A cozy wearable blanket that he can curl up with while reading

Father’s Day Ideas for the Adventure Bugs

There are so many options here that you can try, two unique ones are:

A starter beer brewing kit: How fun would this be? His very own brewery!
Hike trip: A perfect time to spend with each other or as a family. You will never go wrong with this!

Father’s Day presents are a way to express your gratitude towards them for being great fathers. They show appreciation to their role as a parent. Let’s come together and honor these dads who gave and continue to give so much to their families.

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Major Breakthroughs in the World of Fashion

Fashion is something that not only changes from day to day but also is quite a subjective topic. What is a style for one person may just be an attire for a fancy dress party for another. But over the years, the world of fashion has evolved and refined itself into the glitzy and glamorous world that we see today.

Here are a few things and breakthroughs that have revolutionized the world of fashion over the years.

Artificial Dyes

Your favorite red dress would probably not be your favorite if it wasn’t, well, red. In the earlier times, dyes were only obtained from natural substances, and while it was delightful (and possibly the only feasible) idea at that point, the natural dyes had weak staying power, and the colors soon became washed out and faded. Hence, when a British chemist accidentally created the first artificial dye ever—a mauve color dye—things took a turn for the better.

Artificial dyes are not only more economical to make, but we also now have access to a wider spectrum of colors, since not all natural substances could be successfully combined to give a secondary color.

Cotton Gin

Cotton is probably the material worn the most around the globe, especially in tropical countries where summer season can be cruel and extremely uncomfortable. However, before Eli Whitney invented the miracle machine cotton gin, obtaining cotton lint from its plants was a severely tedious and cumbersome process. On an average, it took a single person a total of ten hours to extract one pound of cotton lint from its seeds. With the invention of the cotton gin, however, the production of cotton sky-rocketed in all leading industrial areas of the world. The USA now could produce millions of tons of cotton a year.

Sewing Machine

While sewing stuff by hand fell under ‘precious handicraft’, it was a very long process, especially when the number of garments in question was large in number. The invention of the sewing machine resulted in a dramatic increase in the overall production rate of the industry. Produced in all shapes and sizes with a various range of functionalities, the fashion industry by storm with the use of sewing machines.

Digital Printing

Dying is essentially an elaborate process, which also uses a lot of water that is rendered non-reusable. With digital printing, designs are directly applied to the fabric, resulting in an impressive 95{ed162fdde9fdc472551df9f31f04601345edf7e4eff6ea93114402690d8fa616} reduction in water usage, and also minimized textile waste. Also, with digital printing, a lot of intricate designs can now be created and transferred to clothes.

Smarter Online Shopping

The online marketplace is where everyone goes to get everything that they need, and clothes are no exception. Online websites that sell clothes and accessories have hopped on the technology bandwagon, and now offer their customers smart tools that help them create a digital avatar of themselves, and pick and choose clothes that will look good on them. Such tools not only help shoppers make better choices but also reduce the chances of refunds and returns considerably.

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10 Unconventional Figures Who Redefined the World of Fashion

We have all grown up knowing the names of big fashion houses like Versace, Louis Vuitton, Chanel, Dior and the like. These symbols of luxury and high fashion are instantly recognizable, with their signature styles and iconic logos.

Despite not being instantly recognizable as the top fashion designers in the world, there are several names in the industry that have made their own significant contributions. While fashion trends are seasonal, these individuals have made their mark as influential fashion designers in their own right.

Here’s our list of 10 not-so-known people who have redefined the world of fashion:

Mary Quant

This iconic British Fashion designer is frequently credited as the creator of miniskirts and hot pants as we know them today. They symbolized freedom in women fashion sensibilities, allowing them to be sexy and feminine at the same time.

Vivienne Westwood

Another British designer and also a businesswoman, she is said to have shaped the look of the punk rock in the late 1970s’. She is known for her unconventional and edgy styles and outspokenness. She was instrumental in bringing new wave fashion and modern punk into mainstream fashion.

Calvin Klein

Calvin Klein is one of the more mainstream of male American fashion designers in this point in time. Klein’s brand was known at the time for its sensual and provocative approach to advertising and incorporating elements of celebrity in promotions for the brand. The Calvin Klein look is known to maintain a minimal aesthetic and is linked not just to clothes, but perfumes and undergarments as well.

Diane von Furstenberg

Her famous wrap dress is what first brought her to the attention of the fashion world. But she is multifaceted and has dabbled in several other creative pursuits such as publishing and cosmetics, to name a few. She also advocates for leadership roles for young women.

Donna Karan

At the time when women were slowly starting to play a more prominent role in the corporate world, formal clothing options were very limited. She is credited with bringing comfortable and stylish workplace staples for the career and business woman.

Stella Mccartney

Not only is her brand easy to wear and comfortable, but it is also ethically conscious. As a vegan, she is a champion for cruelty-free and environmentally conscious fashion.

Valentino

His gowns are stunning in the way they make the wearer look extremely feminine and sophisticated at the same time. He gained recognition for the shade of red that he used to create his initial collection of gowns. This was later called Valentino red. His client list includes not just famous actresses, but royalty as well.

Carolina Herrera

She has her own business empire spanning the globe, which spells luxury and sophistication. She has dressed several First Ladies of the U.S. She is also credited with the concept of a white shirt being the staple part of every woman’s wardrobe.

Vera Wang

Think of this designer and your immediate reaction may be- Wedding dresses! But that is just one part of her business. She is also involved in several other aspects of fashion like fragrances, ready to wear, tuxedos, etc.

Levi Strauss

Who doesn’t love a good pair of jeans? This is a fashion staple that’s been around for decades and is well loved by men and women alike. Enduring great hardship in his younger years, his move to America in 1847 is what started his journey in creating one of the most versatile pieces of clothing in the world.

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Month: November 2017