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Eligibility criteria to avail a Home Loan

A majority of the people especially the emerging Indian middle and upper middle class dreams of owning a house for their living and comfort. However, due to skyrocketing property prices it becomes difficult to save enough money to buy home independently. Also, due family responsibilities and prior commitments towards other mortgages makes it difficult to save enough to deal in cash while purchasing your home. In such a situation, the most obvious route would be applying for a home loan. In India, there are various leading housing finance companies and banks that offer home loan with interest rates as low as 9.40 to 10% with a low processing fees. There are special concessions for women-oriented loan who are self-independently and working class women who wish to turn their dream into reality. Ideally your housing finance covers up to 80% of the property costs and also offers tax benefits. But, not every salaried or self-employed individual is qualified for housing loan. There are certain benchmarks set by housing finance companies and banks to make loans available to greater segment of the society known as “home loan eligibility” criteria.

Here are few aspects regarding your eligibility for housing finance:

Age

An age of the applicant plays a decisive role in qualifying for the loan amount. The age criteria for an eligible home loan applicant might differ on the basis of whether you’re salaried for self-employed. It is relatively proven if you’re younger and free from any responsibilities than you qualify for higher loan amount at lower interest rates costs.

Credit Score

It is important you have a good credit score rating to avail any form of loan. Before, lending finances banks have a background check of your credit history through a Credit Information Company like CIBIL (Credit Information Bureau India Ltd.) and go through your repayment track record. You can visit the government recognized site for www.cibil.com and get your credit report. The errors or low credit score might reduce your chances of getting higher home loan eligibility. Such reports are accessed by the bank’s credit department after you apply for the housing loan for inputs on your credit history.

Existing Liabilities

It refers to any other loan being currently repaid by you. Housing finance companies and banks operate as such that if you’re paying any other loan, then your ability to repay an additional loan will be adversely affected. You may not pay extra towards home loan and clear the debt as soon as possible. Therefore, you may have less disposable amount towards your housing loan.

Income Level and Number of Dependents

Obviously, your current income level, source of income play a key role in deciding your home loan eligibility. A high net monthly income which may incorporate your spouse income as well is indicative of an ability to pay a higher monthly installment and better chances of timely repayment of your loan amount.

Also, some housing finances companies and banks take into consideration the number of dependents on the borrower. More dependents could be considered as hindrances towards easy and higher loan repayment amount. It will adversely affect your installment paying capacity.

Almost, all housing finance companies and banks offer this beneficial tool of EMI calculator for its customers and it’s very easy to us. Calculating monthly EMI is now at the touch of the button on your computers, laptops or smartphone devices. All you need is just mention the loan amount, interest rate preferred and loan tenure and it will display you exactly how much monthly payment you’ll be paying.

For any loan amount the loan tenure, interest rates, monthly installment and the amortization schedule offered by banks & finance companies will almost be similar. Consumers should know that in the initial phase, the EMI’s contribute more towards payment of interest rates then clearing reducing the principal amount. Gradually, as the tenure progresses, EMIs’ will clear off the principal amount being offered to the borrower. Thus, after every successful monthly installment payment to the finance company or bank, you will get an inch closer to clear your debt and own your dream forever.

Property Status

Home loan India provides give top priority to borrowers who intend to buy a HFC or bank-approved property. In such cases, approvals for the loan are speedy and the interest rates are also comparatively low. The other facts would be the status of property such as resale, under construction or newly constructed.

To summarize we would insist home loan eligibility highly depends on the individual’s monthly income, sources of additional income, savings and credit history, work experience, age, qualification, number of dependents, other sources of income including spouse’s income and asset & liabilities. Also, the job consistency or business stability matters the most while getting qualified for loan amount.

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Natural Oil To Relieve Arthritis Pain And Get Rid Of Muscle Stiffness

Poor lifestyle, no exercising, unhealthy diet and sitting long hours in front of computer screens can lead to the condition of muscle weakness where the person suffers from weak hands, back pain, shoulder pain, swelling etc. The pain randomly shifts from one muscle to group of muscles and persistent muscle tension along with stress can cause long term health impact. Stress can have adverse impact on metabolism and immunity. Stress suppresses immune functions as it lowers the release of lymphocytes and it can even be the main cause for unhealthy behavioral strategies adopted by a person such as smoking and drinking.

Stress causes headache, infections, diabetes, gastric ulcers, cardiovascular conditions and even asthma. During stress, digestion is inhibited and adrenaline release during stress causes ulcers. It raises blood pressure and hampers immunity which can cause symptoms of arthritis. These are related conditions and behavioral therapies, exercising, meditation and changes in lifestyle are recommended to get rid of such risk factors to get rid of muscle stiffness – one of the foremost symptoms of arthritis.

Massage is a great way to get rid of muscle stiffness. Study on massage approves of behavioral changes, mood changes and physical changes. Especially, massage with natural oil to relieve arthritis pain, helps people from anxiety, irritability, sadness, lack of motivation, fatigue, muscle tension, headache etc. American Psychological Association acclaims massage for lowering heart rate, lowering blood pressure, relaxation of muscles, production of endomorphism and production of body chemicals that makes one feels good. The release of serotonin and dopamine can be seen in people who suffer from acute or chronic stress and this gives them the feeling of calmness.

Natural oil to relieve arthritis pain Rumatone Gold oil has similar benefits as it is popular herbal oil containing extracts having a range of health benefits. The use of herbal oil massage for arthritis can reduce pain, improve a range of body motions and enhance grip. It is also effective in promoting sleep quality for the relaxation of mind and body. E.g. Celastrus paniculatus, one of the ingredients in Rumatone Gold oil, can alleviate cognitive issues, get rid of muscle stiffness and alleviate skin inflammation. It has mild sedative properties and when orally given to rats it is able to reduce the level of cholesterol in unhealthy rats. Its supplementation has been found to be effective in protecting brain and cognition, and is believed to be a promising herb for neurological and intestinal health.

Celastrus oil was tested on mice for 7 days where 200 to 400 mg per kg of the oil injection was able to reduce stress and anxiety in rats. It has strong properties as intestinal relaxant, where the relaxation of intestine up to 99 percent was observed, at the same time; it did not cause desensitization as seen allopathic medicines. The technique used by natural oil to relieve arthritis pain is opposite of the effects of allopathic painkillers, which can have irreversible numbing effects on body organs and cause dependency (physical or psychological) to anesthetic painkiller.

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Why You Should Drink Tea Regularly

It is no surprise that tea is packed with health benefits, but do you know how much it can improve your body? Here are six reasons on why tea is good for your body.

Weight Loss. One of the most popular benefit of tea is burning fats. Tea contains caffeine and catechins that helps your body to burn fats fast and speed up metabolism. It breaks down excess fats and convert it to energy which you can use through out the day.
Fights Skin Aging. The sun, pollution, dust, and smoke have free radicals that cause the skin to dry and aged quickly. The antioxidant in tea helps fight free radicals and helps the skin recover from their harmful effect. It also makes the skin glow and look young.
Lower Cholesterol Level. The catechins in tea helps: lower the LDL (low-density lipoprotein) cholesterol level which is bad cholesterol and associated to heart disease, increase the HDL (high-density lipoprotein) cholesterol level which is known as the good cholesterol that helps remove or reduce bad cholesterol and prevent absorption of cholesterol in the intestines. All of these results to lower total cholesterol level in the body.
Good for the Heart. In connection with lower cholesterol level, LDL cholesterol is responsible for plaque (fats or cholesterol) build up in the arteries causing arteries to narrow and limit the flow of oxygen-rich blood in your heart and other parts of the body which can eventually result to atherosclerosis or coronary heart disease. This condition can lead to heart attack or stroke.
Reduce Risk of Cancer. Tea, specifically green tea, exhibits anticancer effects. It helps prevent or delay the onset of cancer. Studies have shown that people who consume high levels of green tea has higher age at cancer onset than those with low levels of green tea consumption. These studies also shown that high consumption of green tea is associated with reduce incidence of stomach, liver, lung, and colorectum cancer.
Good for the Brain. Tea improves memory especially for older adults. It prevents cognitive impairment and degenerative diseases like Alzheimer’s disease. While many factors affect the brain’s health, research has shown that tea may help maintain the parts of the brain that is responsible for learning and memory.
Tea is the most popular drink in the world and has been, and is, part of many cultures. You can enjoy four different types of tea: oolong, green, white, and black. All contain the antioxidant called catechins, but it is more abundant in green tea because of the process. Other types of tea like herbal teas are not real tea although they may also have health benefits. Real tea are made from Camellia Sinensis plant.

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