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By- Blogger Indifi
EMI is known as equated monthly installments. It is a fixed payment made by the borrower each month to repay the loan amount. The EMI is divided into two loan components. One is the principal amount, and the second is the interest amount. Whether you are applying for a personal loan, business loan, home loan, car loan, or education loan, EMIs are easy to calculate using the EMI loan calculator.
Three parameters based on which EMI calculator works:
- Loan amount.
- Repayment tenure.
- Rate of interest (offered by the lender).
Factors that affect the Loan EMIs
Above, we have discussed the main parameters on which loan EMI is based. Here are the factors that affect the EMIs.
Changes in the loan interest rate: There are three loan interest rates -- fixed, floating, and hybrid.
When an interest rate offered on a loan is fixed, in that scenario, there are no changes in the EMIs.
A floating interest rate is linked to the marginal cost of the fund-based lending rate and can change the loan EMIs. As the rate is flexible, it keeps changing per the repo rate.
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If you have taken the loan on a hybrid interest rate, the interest rate is fixed only for a particular tenure. After that, it is on MCLR to decide the interest rate, and based on the determined interest rate, the EMI changes.
Tenure: When you opt for a loan transfer from one lender to another, there may be a possibility of change in the loan tenure. It will also bring changes in the EMI calculations. If the tenure increases, it will decrease the EMI. In case the tenure is reduced, EMI will increase.
Sample loan chart of a business company Image source: wikimedia commons
The loan amount of repayment is also a reason that affects a loan's EMI. If you make a loan prepayment, it reduces the outstanding principal amount, based on which the EMI amount or tenure is changed.
Benefits of using an online EMI calculator:
- Find out exact EMIs to be paid monthly for any loan.
- Saves time.
- Get a detailed overview of loans applied using the amortization schedule.
- Plan your monthly finances well in advance.
You can set multiple schedules and loan tenures. After a detailed schedule comparison, choose the one that suits well with your financial requirements.
Significance of loan amortization schedule in EMI calculator
A loan amortization schedule data shows the EMI break-ups. It shows how much EMI you need to pay for interest and what you will pay as the principal amount. It is one of the most significant advantages of using the EMI calculator. The EMIs that you pay as principal will keep reducing the loan's principal amount. It will also result in decreasing the interest amount. You will get to know all these things when you use the EMI loan calculator frequently. The amortization schedule is one of the essential features of an EMI loan calculator that helps design the proper prepayment schedule.
The different types of EMI calculators
Home loan EMI calculator
Home loans are one of the most popular and common loans applied for in India. It has a long tenure and a sizable principal amount. Whenever you apply for a home loan, it is essential to do all the EMI calculations in advance. There are various home loan EMI calculators available online with every home loan provider. All that is required to calculate the EMI is the loan amount, tenure, and interest rate. Using a home loan EMI calculator can help you easily plan your finances.
Business loan EMI calculator
Like home loans, business loans also come with a massive principal amount and longer tenures. So, using the business loan online EMI calculator is a smart way to calculate the business loan EMIs. Requirements are the essential loan details, such as repayment tenure, interest rate, and the loan amount. Online, equated monthly installment is automatically calculated at the lender's website.
Personal loan EMI Calculator
Personal loans are multipurpose. It is the reason they are considered as the most applied loan to meet immediate financial requirements. For choosing the right loan amount, you must use the personal loan EMI calculator. It will help you to choose the best interest rate loan offer and tenure. Try to go with the shorter term to pay less interest on the principal amount.
Sample of External Loan amounts Image source: wikimedia commons
Education loan EMI calculator
Education costs increase each year and can cause financial strains on a family. If you are planning to send your child overseas for higher education by applying for an education loan, at that time, the EMI calculator proves to be the best online financial tool. It will help you to decide the right EMI amount where your daily expenses remain unaffected.
Simple interest loan EMI calculator
An EMI calculator is used to calculate the simple interest applicable on the loan amount for a specified tenure. It is one of the most accessible financial tools. All that is required is tenure, a simple interest rate, and the borrowed amount. After that, click on 'calculate' to know the exact EMI to be paid.
Loan against property EMI calculator
If you have any residential or commercial property registered in your name, you can apply for a loan against the property. It is a kind of secured loan, where the property is kept as collateral. To understand how EMI works under this loan scheme, use the loan against the property EMI calculator.
Overall, EMI loan calculators are one of the best financial tools to compare varied loan offers. It provides a clear picture of the total cost of the loan and respective EMIs to be paid monthly. Online EMI calculators are available on every lender's website; whether you are applying for a business loan online, home loan, car loan, personal loan, or any other loan, using the online EMI calculator can help. Just with a click of a mouse, you can keep control of your financial life.
The online EMI loan calculator has been programmed with the formula based on the loan applied. There is no need to worry about the accuracy of the result. All that you are required to share for the calculator to do its job accurately is the right amount, tenure, and interest rate offered by the lender.
Disclaimer: (This article is sponsored and include some commercial links)
By Rajesh U. Pandya
Although the world is recovering from coronavirus pandemic, we must not lower our guards and stay alert when it comes to hand hygiene to curb the spread of the deadly virus. But are we paying sufficient attention to our nail hygiene? Our nails are the index of well-being for our entire body. The manifestations of several critical diseases were first detected within the dirty nails.
The ignorance towards our nails becomes the breeding ground of harmful bacteria. These germs enter our body through our hands because in India we eat through our bare hands. Therefore, nail hygiene is crucial and without it hand hygiene is incomplete.
Practising good nail hygiene involves following a systematic process to ensure the longevity of our nail health. It includes ensuring that food particles, dirt and dust are not sticking to our nails and there is no build-up of nail bacteria. Thankfully, contrary to popular belief, it is not that difficult to maintain good nail hygiene. A little diligence, awareness and attention are sufficient to keep our nails healthy.
Avoiding nail hygiene makes you prone to viral infections
Due to constant negligence towards the cleanliness of the nails, many serious issues like bacterial and viral infections arise. Often these lead to serious health problems. Our hand hygiene is not perfect till the time we clean the undersides of our nails besides washing hands regularly. Most people don't mind sharing nail clippers with others. This is however an extremely unhygienic practice. When we don't share any of our personal hygiene products then why do we share our nail clippers? Nails harbour abundant germs, bacteria and viruses and sharing nail clippers is equivalent to exchanging those microorganisms.
Nails harbour abundant germs, bacteria and viruses and sharing nail clippers is equivalent to exchanging those microorganisms.| Photo by CDC on Unsplash
Keep fingernails dry and clean
It prevents bacterial and fungal infections from growing under our nails. It has been observed that prolonged exposure to water can break nails. It is always recommended to wear cotton-lined rubber gloves when washing dishes, cleaning or using harsh chemicals. In order to follow good nail hygiene, we have to be careful about our nail care products. Use a sharp stainless-steel nail clipper with a grime remover, that can remove the hidden germs and grime below the nails. Trim nails straight, then round the tips into a gentle curve. Always wash hands and under nails with soap and water after a nail clipping session.
Always wash hands and under nails with soap and water after a nail clipping session. Photo by rashid khreiss on Unsplash
Keep hands and nails moisturized to avoid the cuticles from overgrowing. Frequent use of nail paint remover, hand sanitisers and harsh soaps can result in the dryness of cuticles along with nails. Keep nails short, trim them regularly and wash hands for at least 20 seconds and then moisturize them, This will make the chance of diseases slimmer and can prevent any kind of viruses. KAI India nail clipper comes with unique features like 100 per cent stainless steel, nail filer, grime remover, nail tray and non-chromium coating making them safe and most effective for maintaining proper nail hygiene.
Here are some of the more ways through which we can keep our nail hygiene intact, thereby protecting it from the damage to nails:
* Stay away from chewing fingernails: It has the potential of damaging the nail bed as a minor cut can cause infection. Moreover, when we bite our nails, germs enter our mouths directly.
* Be gentle towards hangnails: Never pull off your hangnails. Rather, be gentle towards them and carefully clip them off. Stop using those products which are harsh on nails. Always go for acetone-free products.
* Go for a regular nail checkup: If you have a persistent nail problem, consult a doctor or dermatologist for an evaluation.
* Do not share: Try not to share your nail clipper, as they contain germs. Wash the nail clipper with lukewarm water and wipe with a soft cloth. (IANS/ MBI)
Keywords: Nails, hygiene, covid, clipper, products, infections
Gambling has always been one of the most popular sports among people. It is not limited to one group of people, the sport doesn't require the players to have any qualifications besides being a certain age and above depending on the country, men, women, young, old, wherever you come from, whoever you are, we're all equal as players on a casino table. Many casinos now have online sites for their players to enjoy the games at their comfort and leisure.
Online Casino games have become one of the best ways for people to spend their free time. Especially during the pandemic when the world was put under lockdown casinos shifted online and the punters have enjoyed the same entertainment and excitement sitting at their homes. Online gambling games are becoming increasingly popular in the 21st century because this generation prefers to spend time indoors with their online friends. This has inevitably led to the creation of thousands of games to fulfil the rising demand of millions of online players.
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So, what is the reason why Online Casino Games are so popular?
Online Gambling platforms offer hundreds of casino games for the player to choose from that too from some of the best providers in the industry. They provide you with a range of games like baccarat, blackjack, slots, poker and many more. Being online also means that a player can go straight into the game without having to wait for their turn. One can freely enjoy the experience of an actual casino without getting out of their house.
Online Gambling platforms offer hundreds of casino gamesPixabay
Online gaming platforms understand the doubts of their player regarding making online transactions of money as their afraid of their data being stolen. Thus, to build a trusting relationship with their customers, most platforms make sure that they are secured with encryptions and firewalls to prevent loss of data. To name one BetRivers is one of the platforms which safe and easy to use.
In a land-based casino if run into some problem or need assistance from your host you'll need to stop playing, reach out to the information desk, convey your problem and wait until someone comes to solve your problem which is not the case for online gaming platforms. On just one tap customer service is available 24/7 for their players on online platforms.
Covers a large area
Again, in a land-based casino, a player must go to the building themselves. Some casinos may only have one building while some have their branches in different cities and countries. But online casinos invite players from numerous countries from wherever they are to play the games at their comfort. BetRivers online casinos are available for players from different countries from Pennsylvania, Indiana, Colorado, Illinois, Michigan, Virginia and more
Any person with a tablet, desktop, smartphone and internet connection can easily access the games and play online. Online casinos give the players to enjoy the games at any time and anywhere they like.
Chances of winning
If a player has zero chances of winning one can't call it gambling. Online casino games provide the player with several combinations of risk and rewards where they can lose the money or win the money put on the table. Players have to pay a minimal fee to get a chance to win, the higher the money you put on stakes the higher is the reward for winning. For example, a player can sometimes win an outrageous amount of money while playing slots and in games like blackjack which has the best odds of winning that has a low house edge one can for sure win some amount of money.
The majority of players play casino games to enjoy the adrenaline rush, have fun or simply just casually kill their free time. In today's world, online casinos have emerged as safe, secure, fun, and amazing platforms for player to access their games online and win some profit while playing.
By- Salil Gewali
If humanity is hurt, God is hurt.
Religion without compassion might give way to hatred. Compassion with a "self-interest" motive is completely irreligious. But of late, some of the religions have departed from those basic human values. Love and compassion are for only those who follow their "specific" faith. Very sadly, the religions are up as trading commodities in the world of proselytization. Better preachers attract more followers. Of course, no issue if they are not vying for their religious "supremacy". But the ground reality is utterly different. The claim for exclusive supremacy has become the first commandment --- a real bone of contention among the existing religions. In the name of religion, we have polluted our minds. we have corrupted our souls. We have also gone so much astray that God must have now shut his gateway to heaven!
Are we not too foolish to believe in the twenty-first Century --- my God is different and your God different? If the Sun and the Moon are the same for Islam, Hindu, Buddhist, Christian, by that simple logic, why is the CREATOR of the infinite cosmos not ONE for all? Is the digestive system in the stomach of a Hindu and a Christian different? The body system secrets the same kind of digestive enzymes to digest the food eaten by people of any faith. One divine power is controlling each of us. It is too outrageous that we bear malice and hostility towards others for God. The paths are different but the destination is the same. One wonders in amazement, why we are so "unscientific" in our approach to the Almighty? Why is there so much bad blood among the different faiths? Truly, our fanaticism and belligerence have become the stumbling block in our understanding of the real teachings of the holy scriptures.
Follow NewsGram on Facebook to stay updated.The recent unprecedented brutal atrocities upon Hindus in Bangladesh during the holy festival of Durga Puja made each of us more anxious. It should also serve as a wake-up call for West Bengal and Assam. How could one's holy place of worship provoke godless hatred in others? If God-believing people nurture animosity for others, then that religion itself has been wrongly understood or misinterpreted. Who all are to blame? Is there any organisation of rectitude that will come up to address this glaring fault line?
Brutal atrocities upon Hindus in Bangladesh during the holy festival of Durga Puja made each of us anxiousFile
All should agree that "tolerance to inhumanity" begets more violence. The act of vandalizing the religious pandals of Hindus in Bangladesh is utterly unpardonable. This calls for serious soul-searching. Who has placed the Holy Koran near the sanctum sanctorum of Hanuman Idol? The investigating agency has found out that it was not by Hindu, but some Iqbal Hossain with wrong intent upon the minority Hindus.
Iqbal Hossain, a Muslim, deliberately placed a copy of the Quran at a Puja Pandal and gave hate speeches against HindusFile
Of course, this act is not at all sacrilegious as understood. One holy mandap and another holy book do not make anything unholy. But the "intention" must be good. It is my personal observation. But this incident, a pre-mediated plan with "wrong motive", has stoked the unprecedented communal violence in Bangladesh. And consequently, many places of worship were desecrated, sacred idols were destroyed, houses and business properties of the minority community were burnt down. Besides the United State, even UN officials condemned this diabolical cruelty against the minority Hindus. Tulsi Gabbard, a member of the U.S. House of Representatives, retorted – "God is love, and his true servants embody and manifest that love in this world. It is time for the supposedly secular government of Bangladesh to protect that country's religious minorities from the jihadist forces of hate."
The Hindus in the country are experiencing regular vitriolic attacks from the dogmatic group which is beyond descriptionFile
Hatred for Hindus is not confined to Bangladesh. Even in the home states, Hindus are not at all safe. Kashmir, West Bengal, Assam, Kerala have become the hotbed of crime and violence against Hindus even then being the majority. The Hindus in the country are experiencing regular vitriolic attacks from the dogmatic group which is beyond description. The silence of the unpatriotic media, and other sinister forces have given enough leverage to such extremist elements. It has been established that madrasas are factories where tender minds are radicalized – the fact is passionately reiterated by an eminent social activist Khalid Umar of Lahore, Pakistan. Just two days ago, one boy in Assam posted a photo in which he placed his foot on a Ganesh idol. Such shocking instances with photos and videos are regularly posted on social media. But such cases are suppressed too soon.
Well, one can't agree more than what Human Right Activist and a senior journalist of Bangladesh – Mr Saad Hammadi has said --- "Such repeated attacks against individuals, and destruction of the homes and places of worship of minorities in Bangladesh over the years show that the state has failed in its duty to protect minorities. Targeting religious sensitivities to stoke communal tension is a serious human rights violation and requires immediate and decisive action from the government to address the situation of minorities in the country."
Here one wishes that all people would stand with Mr Saad Hammadi. The hatred and violence should always be vociferously condemned by one and all. No one has the right to hold humanity to ransom. As believers of GOD, all should shake off narrow dogmatism and malice. All need to follow the path that takes us from darkness to light and ignorance to knowledge. The practice of expressing LOVE and COMPASSION for "all" ---- irrespective of caste, creed, and colour, always ensures communal harmony and peace. Not just that, it is the pathway to DIVINITY. If humanity is hurt, God is hurt.
An India-based writer and researcher, Salil Gewali is best known for his research-based work entitled 'Great Minds on India' that has earned worldwide appreciation. Translated into Twelve languages, his book has been edited by a former NASA scientist – Dr AV Murali of Houston, USA.