Sunday, April 29, 2012

Important Tips For Consumers With Auto Loans

The reality is that most Americans don't and are forced to obtain an auto loan from a bank or other lending institution. When shopping for a car loan, use the following tips to help you get the best deal on your loan and on the total price you will pay for your car.

Know Your Options

Many consumers make the mistake of assuming that the dealership must provide the financing for the purchase, and this is simply not true. Before you start shopping for a car, visit your bank or credit union to complete the pre-approval process. This process tells you how much money you can borrow and gives you an idea of what price range you should be looking in when buying a new car. Interest rates from banks and credit unions are often lower than dealerships, although you should always explore all your options when loan shopping.

Know Your Credit Score

Before you start applying for a car loan, obtain a copy of your credit report and determine what your credit score is. This number gives the lender an idea of how dependable you are and how likely you are to pay back the money you are borrowing. This number also affects the amount of money you are able to borrow and the interest rate on your loan. Know your credit score before you start the loan process to ensure that there are no mistakes and that you are getting the best deal possible.

Know Your Costs

When buying a car from a dealership, make sure the total cost is broken down into three different sections:

The price of the car
The financing terms if you borrow through the dealer
The trade-in value on your current car

With these numbers, you can more clearly see exactly what you are paying for and what is credited toward your purchase. You should know exactly where each penny is going when taking out a loan to pay for a car.

Know The Penalties

Some loans have a fine if you choose to pay the loan off early, and most will charge you a fee if your payment is late. Before picking a loan, ask about any fees or penalties that can be incurred over the life of the loan. Avoid loans with early pay off fees or high late payment fees.

Borrowing money is a necessary evil for most consumers who are hoping to buy a car. If you come to the process armed with the right information, you can ensure that you spend less money on your car and pay less to your loan over the total life of the loan.

Saturday, April 28, 2012

The Fastest Way To Improve Your Credit Score Up To 90 Points

In a previous article (Why Banks and Credit Bureaus Love Low Credit Scores) you learned the TRUTH about why you're worth more to the banks and credit bureaus with a low credit score, rather than a high one. After all, if you're buying a home for 0,000 and a low credit score causes you to pay a 2% HIGHER interest rate... that 2% ends up costing you in excess of 0,000 over the term of the loan. In other words, you'll throw away over 0,000 just because your credit score was low. Of course, many people will share the opinion this doesn't matter as you'll never stay in the home for the life of the loan and you can always later "refinance." It would be nice if that were true but, based upon our 16 years of experience we've found consumers rarely (if ever) do this. They're too caught up in the "Monthly Payment" and smaller monthly payments mean more interest paid over the term of the loan. As a result, it's not uncommon for 90 points in a credit score to cost a consumer over ,000 because of this type of thinking. Only focusing on the monthly payment makes about as much sense as marrying someone for nothing but their looks. On the flip side, improving your credit score by as little as 90 points can put over ,000 back in your pocket that you'd otherwise be pissing away to the bank (Yes, I say "Pissing Away" because that's exactly what it is).

So, what's the fastest way to improve your credit score up to 90 points - guaranteed?

The answer to that question lies within the ANSWERS to these THREE questions:

1.) What is the "HIGHEST SCORING" credit you can ADD to your Credit Report?

2.) What is the FASTEST way to ADD this type of Credit to your Credit Report?

and

3.) What impact will it have on your overall "DEBT to CREDIT" Ratio?

Contrary to popular belief the HIGHEST SCORING credit you can add to your credit report is any type of UNSECURED revolving credit account (please note, debit cards do NOT count). Many consumers believe car loans and home mortgages represent the highest scoring credit one can add. In our experience, this is simply NOT true. UNSECURED Revolving Credit Accounts are the RISKIEST type of credit to the lender while also being the easiest to be abused by the borrower. It's for this Reason we believe we've found them to be the HIGHEST SCORING when added and used properly. Compare this to a car loan or home mortgage, where if you quit paying, the home will be foreclosed or the automobile repossessed.

The next question becomes...

"What's the FASTEST way to ADD this type of Credit to your Credit Report?"

The fastest way to get this type of credit on your report is by obtaining what's known as an "Authorized User" Account. However, for this to be MOST effective, you need to have... The SAME Last Name and the SAME Mailing Address, as the primary account holder. Otherwise, this technique will be limited in its' Impact. So, if you have a brother, sister, father, mother (or spouse) living at the same address as you and are using the SAME last name... By all means, have them add you onto their ,000 Unsecured Credit Account and you should be looking good in no time flat. On the other hand, if this ISN'T an option, DON'T Despair. There is a "PLAN B" for you. You may be able to obtain what's known as an... UNSECURED "Consumer" CREDIT ACCOUNT. This is an account which gives you an "UNSECURED Credit Line" of up to ,000 but only allows you to purchase products or services from a particular catalog or website. Kind of sounds like a scam, right? But DON'T be a fooled... as long as the account reports to "ONE" or more credit bureaus it's actually the GREATEST invention since the Cellular Telephone and... It has the potential to save you over ,000 in wasted interest payments on a home mortgage. If you're sharp you should "get this." If you're "BULL HEADED" and stubborn nothing will change and the banks will love that...

Now, let's wrap up with the final question about adding an "UNSECURED" Consumer Credit Account and that is...

"What impact will it have on your overall DEBT to CREDIT" Ratio?

The answer to this question is EXTREMELY important as the majority of consumer credit score's suffer from a negative "DEBT to CREDIT" ratio. What Is Your "DEBT to CREDIT" Ratio? Your debt to credit ratio is VITALLY important to your credit score because it tells the story of how responsibly you're using the credit you've already been granted. To calculate your DEBT to CREDIT ratio simply add up all the UNSECURED Revolving Credit Accounts you currently have listed on your credit report. Let's say you had ,000 worth. This would give You a "HIGH CREDIT LIMIT" of ,000. Now, let's say on that ,000 of Credit, you're in debt ,000. Your DEBT to CREDIT ratio is calculated by taking the ,000 in High Credit and dividing it by the total amount of unsecured debt you have. In this case you have ,000 so it looks like this.

,000 in High Credit

Divided by

,000 in Unsecured Debt

=

80% DEBT to CREDIT Ratio.

Ideally, you want a DEBT to CREDIT Ratio of LESS than 45%. Now, in this example, let's say you added an "Unsecured Consumer Credit Account" for ,000. (Yes, you can only buy products or services from their Catalog or website, but let's look at what happens). When the account gets on your credit report your "High Credit Limit" will instantly... INCREASE by ,000. This will take your High Credit Limit from... ,000 to ,000 (Overnight...) But that's not even the best part. The best part Comes with the impact it will have on your DEBT to CREDIT Ratio. Overnight, your DEBT to CREDIT Ratio will go from...

(80%) EIGHT PERCENT

Down to...

(40%) FORTY PERCENT

Here's how it happens. When your High Credit Limit INCREASED from ,000 to ,000 from the "Unsecured Consumer Credit Account" being added, your unsecured debt stayed at ,000. When you divide ,000 in High Credit by ,000 in Unsecured Debt you now wind up with a DEBT to CREDIT Ratio of only 40%.

Friday, April 27, 2012

Business Administration Tips

The following article suggests useful business administration tips for all those contemplating a career in management and administration. Read on...

Management is defined as the skill of coordinating all the organizational resources, be it human, financial or material, in order to achieve organizational goals. A degree in business administration equips a person to perform this management function in the best possible way. So, for all those who are contemplating a career in business management and administration, given below are some useful business administration tips, with regards to management education, as well as the job profile that you can expect in future.

Business Administration Tips on Management Education

To make a career in this field, you will need an Master of Business Administration (MBA) degree from a recognized college or university. The degree provides education in all the major business administration and management fields. Here's a list of subjects that you will study in a business school:
1. Marketing
2. Financial Management
3. Accounting
4. Human Resources Management
5. Statistics
6. Economics
You will learn about basic theories and principles of management as well. If you get into a good business school, there will be guest lectures by some high profile professionals from the corporate world, which in itself is a great learning experience. Solving case studies, giving presentations, participating in group assignments, working part-time in a company or doing internships, are some other things you can look forward to doing at a business school. Once you pass out of the school, you will have a complete knowledge of management process in business administration. You may read further on benefits of an MBA degree. A management school will also equip you in all the required management skills, the list of which is given below:
1. Planning
2. Organizing
3. Decision Making
4. Problem Solving
5. Communication
6. Hiring
7. Controlling
8. Customer Relationship Management Skills
9. Leadership
10. Team Building
11. Negotiation Skills
Business Administration Tips on a Manager's Job Profile

The role of a manager in business administration, depends on the kind of organization he is in. Initially, his job may be limited to his chosen field of specialization, i.e. he might be a manager in the marketing department or in the finance department. However, as he moves from junior management to mid career level, he will be heading one of the departments in a company and performing functions of planning, organizing, staffing, directing and controlling, in his department.

Planning
Planning involves setting both short-term as well as long term goals and arranging them in a logical sequence as to which one needs to be achieved first and so on. A manager needs to plan for what to do, how to do, when to do and by whom it should be done.

Organizing
This function mainly involves setting up a structure in the department or the organization. Setting responsibilities for each and every person or department, how they will correspond and work together, who will supervise whom, all fall under this management function.

Staffing
A manager needs to hire right people for any given job. So, he invites applications, interviews people and then hires them to work in the organization.

Directing
A manager motivates and leads his team so that they give their best to meet the organizational goals. A manager has to find the right balance between being sensitive to his staff needs, as well as getting the job done in time

Controlling
The manager assesses and keeps a check on the performance of his employees so that the desired results can be achieved. There is a set "rewards and punishments" formula in every organization, which a manger follows to ensure maximum work output from his employees.

To perform the above functions, a manager needs to be creative, fair, sensitive to the needs of others, a good leader, motivator, problem-solver and a sound decision maker. When he reaches senior management, he will be required to over look all the departments in the company. A person with a degree in business management and the required managerial skills, can become the CEO of a company.

Here's hoping that the above given business administration tips have solved your query, "what is business administration and management?" satisfactorily. An MBA degree will open a host of career opportunities for you in the corporate world. So, without waiting any further, start career planning today!

This Is Your Brain On Technology : The Effect Of Technology On Social Interaction

What did people do with their time 20 years ago? How did we ever manage without personal computers, the Internet, cell phones, iPods and 24 hour cable news? The technological landscape is vastly different these days and scientist are wondering just what that means for our brains.

According to research done last year by UCLA scientist Dr. Gary Small, daily doses of technology may be altering the way the brain functions, particularly in social skills. He suggests that all that screen time may weaken the brain circuits involved in face-to-face interactions. He is concerned that fundamental social skills like reading facial expressions during a conversation are being compromised.

Small is particularly concerned about what he calls the digital native, those in their twenties and younger who have been "digitally hard-wired since toddlerhood." As he explained in an Associated Press article, the digital native runs the risk of being socially awkward and isolated by their inability to interpret non-verbal messages from people. He is afraid this may be particularly true in the classroom that still relies on traditional verbal instruction along with interaction with the teacher and other students.

Small argues his case in his book "iBrain: Surviving the Technological Altercation of the Modern Mind." He admits that his research about whether or not all this technology is changing brain circuitry is new and ongoing.

Other studies, in fact, have taken the opposite tact by seeing positive outcomes for technology users. A MacArthur Foundation study found that teens feel very connected to each other through online social networking. The study allayed some parents' fears that teenagers are vulnerable to online predators the more time they spend socially on the Internet. "The study found that most teenagers steer clear of dangerous sites and use the Web only for research or to communicate with established friends," according to an article in the Austin-American Statesman.

Parents who are too protective and prohibit computer use for their teens may be keeping their kids out of the broader social loop. The study found that teenagers move between the online social world and the face-to-face interactions with relative ease, one building on the other.

Dr. Maryanne Wolf of Tufts University thinks technology may even affect how people learn to read. Technology requires users to gather information quickly, rather than the more methodical and sophisticated methods of comprehending regular reading material. She is studying if this rapid information gathering could be changing the normal brain pathways formed when reading. She is particularly curious about the affect on young children as technology becomes a more integral component of modern classrooms.

As with any new information technology, like 50 years ago with the inclusion of television to the average American home, there will be curiosity and controversy. It is certainly hard to imagine how our brains waited for the morning paper or the evening news to hear what was going on in the world around us. It seems like each generation has a quicker learning curve when it comes to the latest technology. That could just be human nature, or it could be the circuitry of the brain changing and adapting to the technologically saturated world in which we live.

Thursday, April 26, 2012

Commitment Vs.involvement: In An Egg And Ham Sandwich, The Chicken Is Involved, The Pig Is Committed

A recent article in the St. Petersburg Times by Robert Trigaux reminded me of this grand old saying: "Commitment Vs. Involvement: In An Egg and Ham Sandwich, The Chicken Is Involved But the Pig Is Committed." The article was published on Sunday, April 11, 2010 and it went through the cast of characters that were somehow involved with the market crash and recession starting in late 2007. The majority of the article was based on the testimony a lot of these people recently gave in front of the Congressional committee that was investigating the causes of the economic crash.

A few things struck me as I read the article and looked at the pictures of those listed as involved in the crash. The first thing I noticed, and the most obvious, was that all of these people mentioned in the article were involved in the crisis (the chickens) but none of them want to stand up and commit (The pigs) that their actions or inactions were contributing factors to the disaster:

1) Alan Greenspan, former head of the Federal Reserve Board, did not take responsibility for the crash even though many people think that under his leadership, the Fed kept interest rates way too low for way too long. During the hearings, Greenspan stated that he was right 70% of the time in his Fed decisions. While 70% might be good for an NFL quarterback for a pass completion record, 70% is not good enough when the economic well being of the nation's citizens are on the line.
2) George W. Bush has not taken responsibility for the crash even the seeds of destruction were sowed and allowed to grow during his administration.
3) Barney Frank has not taken responsibility for the crash even though he was the House committee chairman that oversaw the housing market, he did not see the biggest economic crash coming since the Great Depression until it hit him in the face.
4) Chris Dodd has not taken responsibility for the crash even though he was the Senate committee chairman that oversaw the housing market, he did not see the biggest economic crash coming since the Great Depression until it hit him in the face.
5) Henry Paulson has not taken responsibility for the crash even though as Treasury secretary he also did not see the biggest economic crash coming since the Great Depression and when it did hit, he reacted slowly with no apparent strategy for determining which Wall Street firms were to live and which were to die.
6) Bill Clinton has not taken responsibility for the crash even though as President he signed laws that separated commercial banking from investment banking, creating the behavior that led to the crash along with legislation that exempted the dangerous derivative financial products from regulation.
7) Christopher Cox has not taken responsibility for the crash even though as former head of the Securities and Exchange Commission his organization watched on the sidelines as the banking system almost collapsed completely due to shady and risky financial dealings.
8) Richard Fuld has not taken responsibility for the crash even though as CEO of defunct Lehman Brothers Fuld allowed his company get so deeply into risky subprime instruments that its demise was the biggest bankruptcy in U.S. history.
9) Raymond McDaniel has not taken responsibility for the crash even though his company, Moody's, incorrectly or falsely rated the subprime financial instruments as financially sound.
10) Angelo Mozilo has not taken responsibility for the crash even though as CEO of Countrywide Mortgage his company apparently never met a mortgage customer, no matter how uncreditworthy, that his company would not accept.
11) Franklin Raines has not taken responsibility for the crash even though as head of Fannie Mae his big investments in subprime mortgage securities led to a massive taxpayer bailout.
12) David Lereah has not taken responsibility for the crash even though as a former economist of the National Association of Realtors, he never saw the housing collapse coming and his book, "Why The Real Estate Boom Will Not Bust" was published just as the real estate boom went bust.
13) Robert Rubin has not taken responsibility for the crash even though as Citigroup Chairman he claimed he was ignorant of the risks that nearly destroyed one of the biggest banks in the world, indicating he was either a very lousy executive by not knowing how much at risk his company was at or a very lazy executive who never took the time to understand how much at risk his company was at.
14) Charles Prince has not taken responsibility for the crash even though as Citigroup CEO he was just as lousy or lazy as Rubin.
15) The Democrats in Congress have not taken responsibility for the crash even though they ran all of the Congressional committees responsible for the overseeing the housing and banking sectors of the economy and consistently rejected dozens of calls by the Bush administration to put stronger oversight onto Fannie Mae and Freddie Mac. They also rejected a request from John McCain in 2005 to rein in the dangerous lending and security practices of Fannie and Freddie. One reason for this resistance was that these two quasi-government organizations were large campaign contributors to Democratic Senators Dodd, Obama, and Kerry.

So all of these important people were involved (the chickens) in the financial disaster but none of them have committed (the pigs) to taking responsibility for the results, it wasn't their fault. If it was not their fault, then whose fault was it? This was obviously a big deal since the stock markets suffered extensive setbacks, unemployment is nowhere close to recovering, the Federal deficit has skyrocketed in part due to the large bank bailouts, and the housing market is still in the dump. But no one is responsible. In the above list, no one went to jail, no one paid a large fine, no one went bankrupt, many did not lose their jobs, and no one has an answer of why it went so wrong and why no one in a position to acted to avert or at least mitigate the outcome.

Thus, the first conclusion I draw is that this is just another instance of where the government and the people that are currently running it are not effective and the programs they are responsible for do not work. We need to do a ground up housecleaning of the people/politicians and the processes that are no longer effective in running this country.

The second conclusion I draw from he article is a little more subtle. As I look at the politicians running the hearings looking into the the causes for the economic crisis and include the list of people from above, I see that almost all of them are older white males. There are no females involved, very few younger people involved, and Franklin Raines is the only African-American who is prominent in the discussion of fault.

Could it be that this group of politicians and business leaders are not diverse enough to see a crisis developing or are too cozy with each other to want to do anything to avert these kinds of disasters? This brings us to Step 45 in "Love My Country, Loathe My Government," a step we have not talked about often in this blog. This step would require the political class to obey and heed all laws in effect that work to guarantee equal opportunity relative to race and sex. Maybe if we had a little more diversity, fresh blood, and fresh ideas involved in the process of running the country we might get some better results. Heaven knows that the current club of people running the country, both in and out of government, may be stuck in a group think mode, making them incapable of foreseeing the future disasters. Said another way, we need more committed pigs and less involved chickens running the country.

Wednesday, April 25, 2012

Damac Properties Launches $1.0bn Complex In Dubai

Dubai property development company Damac Propertiesaon March 6 launched a .0 billion complex dubbed Damac Towers, gulf-focused web portal emirates247.com reported. The complex will comprise hotel and branded service apartments distributed across four towers.

New towers for Dubai's skyline

Encouraged by the renewed confidence in th eDubai property market, real estate developers in the emirate have announced a record number of new projects since the start of 2013. High-profiled project launches have been announced by some of the emirate's biggest developers such as Emaar Properties, Meraas and Nakheel. The Damac Towers hotel and branded serviced apartments complex, which will be developed by the privately-held real estate developer Damac Properties in collaboration with Paramount Hotel & Resorts, is the latest in this line of new launches. It aims to add another four towers to the already busy skyline of Dubai. Rising over 250 metres each, the four towers will comprise 540-room Paramount Hotel & Residences and over 1,400 service apartments in Damac Maison, a Paramount co-branded serviced hotel residence. One of the towers will be reserved for the Paramount Hotel & Residences and will be managed by Paramount Hotels and Resorts, while the other three towers will be managed by Damac Maison, the hospitality arm of the Dubai property developer.

This is not the first project the company has announced so far this year. Last month, Damac Properties launched two towers - in Dubai and Riyadh - for the development of which the company will be partnering with Italy's Fendi Group
The launch of the Damac Towers complex was announced at ITB Berlin, a leading travel trade show, by Damac's managing director Ziad El Chaar who spoke enthusiastically about the project and the collaboration with Paramount. He said that the company will follow the production process pioneered by Paramount to design and create a world-class experience. His enthusiasm was shared by Thomas van Vliet, CEO of Paramount Hotel & Residences, who said that the complex will offer the typical unmistakable Paramount experience. The guests in our audience will be led on a journey that delights the eyes and engages the emotions, he said.

The development of the project is estimated to cost.0 billion. The project should be completed by 2015, the developer said.

Will Steam Power Prevail Again?

Will steam powered vehicles make a mark in the green transportation movement? If it is up to Harry Schoell and his team of engineers it will. Steam engines were long used in transportation and mostly remembered in locomotive applications in the late 1800`s to early 1900`s. There were also quite a few steam powered vehicles, the most popular being the Stanley Steamer.

The development of the internal combustion engine quickly made the steam engine obsolete due to cheap oil and the amount work involved in starting and operating a steam engine. Harry Schoell, Inventor and CEO of Cyclone power technologies, made significant improvements to a steam engine called the Rankine cycle engine, which is now referred to as the "Schoell cycle engine." In fact, the United States Patent office has issued eight patents to Cyclone Power for improvements in many areas of operation.

I can not begin to list all improvements in an order of the most to least important, as they all come together to make a truly amazing system. So, I will start with the way it heats the water into steam. The combustion chamber is a centrifugal design, as where fuel is atomized and the flame is spun around coils filled with water to produce steam, hence the name cyclone. All fuel particles are thrown to the out side of the chamber until completely burned. Most notably, the cyclone engine is capable of burning most any fuel without any modifications. Imagine one day filling your tank with used motor oil either bought very cheap or obtained for free! A few days later, top off your tank with 100% bio-diesel or pure ethanol. The cyclone can even burn fryer oil! If you are on the road somewhere gasoline can be used.

The fact that the cyclone engine can burn plant based fuels such as ethanol, cottonseed oil, even oils produced from orange peels and algae, makes it carbon neutral. Plants produce oxygen when they grow so the emissions from burning them are largely canceled out. One may feel warm and fuzzy driving in their electric car not producing any emissions, but when it is time to recharge the batteries the electric is still produced largely from coal and other fossil fuels. Also the batteries need to be replaced in about five years with current technology, creating a disposal problem of the lithium ion batteries. There is also a question weather our countries aging grid system could handle the added load if thousands upon thousands of cars were plugged in to recharge at any given time.

In an effort to keep this article short I will briefly go over some other points that make this engine no less than incredible. The cyclone operates on a "closed system" meaning water will never have to be added or topped off. The engine will need no oil changes because it is lubricated with water. Yes, I said water! The starting torque of the cyclone is 850 ft lbs from their 100hp engine. This means there will be no need for a transmission. Quiet run, no muffler needed! Clean burn, no catalytic converter or complicated and expensive computer systems.

In closing, the advantages of the cyclone steam engine are numerous. I should hope that Harry Schoell and his team can get this engine where it needs to be, and in my eyes that's in production. The fact that it can run from fuel easily produced in this country, and not primarily from corn or other important food source to drive up prices, is important to our countries national security. Look up Cylone power; I am sure you may also get excited about this new steam technology!

Sunday, April 22, 2012

Comparison Between Sbi Home Loans And Hdfc Home Loans

Home loan is designed to help you acquire the dream home you wished to buy. Home Loan is finalized by individuals after considering the home loan interest. HDFC Home Loans or SBI Home Loans or any other home loan from any bank is taken for purchase or construction of a new house/flat, Purchase an existing (old) house/flat, Extension, repair, renovation or alteration of a house/flat or purchase a plot meant for construction of a dwelling unit. The Home loan interest differs from banks to banks also depends on factors like loan amount, tenure, type of home loan rates (fixed home loan rate or floating home loan rate) etc. Also to get HDFC Home Loans or SBI Home Loans or any other bank's home loan there is certain eligibility criteria. Also there are factors like repayment capacity, age, educational qualification, stability and continuity of income, number of dependents, co-applicant income, assets, liabilities, saving habits and more.
With home loan rates taken into consideration let's compare two banks with regards to home loan, as SBI home loans and HDFC home loans.

SBI Home Loans come to you on the solid foundation of trust and transparency built in the tradition of State Bank of India. SBI Home Loan For Loan amount upto Rs. 30 Lacs. (w.e.f. 01.July.2009)
SBI Home Loan or Home loan rate during the first year (i.e. till first anniversary date from the date of first disbursement) is fixed at 8% p.a.
SBI Home Loan or Home Loan rate during next two years is fixed at 8.5% p. a.
SBI Home Loan or Home Loan rate after three years may be Fixed or Floating as per the borrower's choice made at the time of sanction. If floating home loan rate option is chosen, then the home loan rates will be 2.75% below SBAR (State Bank Advance Rate). If fixed home loan rate option is chosen, then the home loan rates will be 1.25% below SBAR prevailing on the third anniversary date from the date of first disbursement of SBI home loan and shall have a reset frequency of 5 years from the third anniversary date of the SBI home loan. Fixed interest shall be subject to force-majeure clause.
For SBI home Loan amount above 30 lacs SBI Home Loan rates is fixed at 8% p.a. and 9% p.a. for first and second years of taking the SBI Home Loan, respectively and for third year if floating home loan rates option is chosen, then the home loan rate will be 1.75% below SBAR . If fixed home loan rate option is chosen, then the home loan rate will be 0.75% below SBAR.
HDFC Home Loans
HDFC's objective, from the beginning, has been to enhance residential housing stock and promote home ownership by way of HDFC Home loans.
HDFC home loans or floating home loan rates for new customers are
9.75 per cent for HDFC home loans up to Rs 30 lakhs.
10.75 per cent for HDFC home loans more than 30 lakhs.

The Home loan interest is very important in determining the uptake of this home loan by the masses. The home loan interest has come down allowing many individuals to take the plunge. According measures are taken by government and also other financial institutions including banks to further reduce the home loan interest thus encouraging more and more people to take home loan. From the above table it is seen that both the banks HDFC bank and SBI bank offer similar home loan interest with regards to HDFC Home Loans and SBI Home Loans .Some banks also try to gain more customers by prompting incentives in the way, waive off the charges for processing and documentation, for certain category of housing finance loans.

Saturday, April 21, 2012

Opportunities In Business With Office Equipment Leasing

There arises the same questions when it comes to acquiring and replacing office equipment. Both new businesses and even existing businesses come across this. Whether you choose purchasing or equipment leasing, both get you what you want but with significant differences. The way you choose will depend upon the following factors:

Cash flow
Credit
Working capital
Equipment you need

If you are rebuilding your business or investing into a new one, large amounts of cash will be going out and it can seriously limit your cash flow and working capital. Office equipment leasing, for example, lets you make monthly payments on your equipment rather than having to give away large chunk of cash all at once. The saved cash and working capital can be spent on other things such as staffing, materials, and products. This makes a cost effective business strategy where you have savings and the latest technology equipments also. A business has in fact established an additional line of credit with its lessor.

By using equipment leasing, it reflects usage as the cost of the it spread over the asset. The profits generated from this are usually greater than the lease payments. You get the equipment when you require not when your budget needs are met. Monthly payments are generally fixed over the entire term, giving the flexibility of offering early settlement and upgrade options during the lease period and cash flow maintainability. It leaves your line of credit open for when you really need it. You get along with the technology and your customers see it.

The costs involved with office equipment leasing and the financing of other items is often deductible from your taxes. This gives you added financial gain. It keeps you on top of the newest advancements as it becomes obsolete much sooner than before due to technological advances. Therefore, it not only save you money on the initial costs, but also later on in the future.

Before you lease, you require to carry out careful analysis of your organization. This analysis should take notice of the availability of capital, administrative capacity to track equipment and deal with vendors, and risks associated with signing multi-year contracts. However, it is the most feasible ways and a cost effective alternative to remain in the race in today's business world.