Here are the summaries for the assignments:
1. Aasif takes a 5-year loan of Rs. 100,000 at 10% interest. His annual payment will be Rs. 24,000.
2. To pay Rs. 8,213 annually for 20 years on a Rs. 40,000 loan, the compound interest rate is 12%.
3. The implicit interest rate in the finance company's offer of Rs. 8,115 lump sum after 6 annual Rs. 1,000 deposits is 12%.
4. For a Rs. 90,00,000 house loan at 12% for 15 years, with 85% financing, Babita's annual installment is Rs. 9,12,000.
Watch out full video on youtube-
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Principles of Credit Lending
1. Safety
2. Liquidity
3.Spread
4. Security
5. Purpose
6. Profitability
7. Policy Validation
Thank You For Watching
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Watch out full video on youtube-
https://youtu.be/zBUSzKnK9bw
Principles of Credit Lending
1. Safety
2. Liquidity
3.Spread
4. Security
5. Purpose
6. Profitability
7. Policy Validation
Thank You For Watching
Subscribe to DevTech Finance
The complete analysis of Cash Credit given by Bank. The ppt covers topics like definition, objectives,advantages, disadvantages,Drawing Power, calculation of Interest and Drawing power
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Non Performing Assets in Banks - Causes and Management - with a check list for Bank Branch Managers/Lending/Credit Managers/Audit Managers/Special Accounts Department Managers
The complete analysis of Cash Credit given by Bank. The ppt covers topics like definition, objectives,advantages, disadvantages,Drawing Power, calculation of Interest and Drawing power
A Non-performing asset (NPA) is defined as a credit facility in respect of which the interest and/or installment of Bond finance principal has remained 'past due' for a specified period of time. NPA is used by financial institutions that refer to loans that are in jeopardy of default.
Non Performing Assets in Banks - Causes and Management - with a check list for Bank Branch Managers/Lending/Credit Managers/Audit Managers/Special Accounts Department Managers
Selecting the ideal housing loan is influenced by several factors. It includes the size of your family, type of housing finance, amount of available funds, etc.
When you apply for a home loan, it is essential to know the home loan interest rate payable beforehand. Compare the services and interest rates offered by various banks and NBFCs to select a convenient rate and tenor. You can then visit an online interest calculator to know the total interest and monthly EMIs you need to pay.
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June 3, 2024 Anti-Semitism Letter Sent to MIT President Kornbluth and MIT Cor...Levi Shapiro
Letter from the Congress of the United States regarding Anti-Semitism sent June 3rd to MIT President Sally Kornbluth, MIT Corp Chair, Mark Gorenberg
Dear Dr. Kornbluth and Mr. Gorenberg,
The US House of Representatives is deeply concerned by ongoing and pervasive acts of antisemitic
harassment and intimidation at the Massachusetts Institute of Technology (MIT). Failing to act decisively to ensure a safe learning environment for all students would be a grave dereliction of your responsibilities as President of MIT and Chair of the MIT Corporation.
This Congress will not stand idly by and allow an environment hostile to Jewish students to persist. The House believes that your institution is in violation of Title VI of the Civil Rights Act, and the inability or
unwillingness to rectify this violation through action requires accountability.
Postsecondary education is a unique opportunity for students to learn and have their ideas and beliefs challenged. However, universities receiving hundreds of millions of federal funds annually have denied
students that opportunity and have been hijacked to become venues for the promotion of terrorism, antisemitic harassment and intimidation, unlawful encampments, and in some cases, assaults and riots.
The House of Representatives will not countenance the use of federal funds to indoctrinate students into hateful, antisemitic, anti-American supporters of terrorism. Investigations into campus antisemitism by the Committee on Education and the Workforce and the Committee on Ways and Means have been expanded into a Congress-wide probe across all relevant jurisdictions to address this national crisis. The undersigned Committees will conduct oversight into the use of federal funds at MIT and its learning environment under authorities granted to each Committee.
• The Committee on Education and the Workforce has been investigating your institution since December 7, 2023. The Committee has broad jurisdiction over postsecondary education, including its compliance with Title VI of the Civil Rights Act, campus safety concerns over disruptions to the learning environment, and the awarding of federal student aid under the Higher Education Act.
• The Committee on Oversight and Accountability is investigating the sources of funding and other support flowing to groups espousing pro-Hamas propaganda and engaged in antisemitic harassment and intimidation of students. The Committee on Oversight and Accountability is the principal oversight committee of the US House of Representatives and has broad authority to investigate “any matter” at “any time” under House Rule X.
• The Committee on Ways and Means has been investigating several universities since November 15, 2023, when the Committee held a hearing entitled From Ivory Towers to Dark Corners: Investigating the Nexus Between Antisemitism, Tax-Exempt Universities, and Terror Financing. The Committee followed the hearing with letters to those institutions on January 10, 202
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The people of Punjab felt alienated from main stream due to denial of their just demands during a long democratic struggle since independence. As it happen all over the word, it led to militant struggle with great loss of lives of military, police and civilian personnel. Killing of Indira Gandhi and massacre of innocent Sikhs in Delhi and other India cities was also associated with this movement.
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Artificial Intelligence (AI) technologies such as Generative AI, Image Generators and Large Language Models have had a dramatic impact on teaching, learning and assessment over the past 18 months. The most immediate threat AI posed was to Academic Integrity with Higher Education Institutes (HEIs) focusing their efforts on combating the use of GenAI in assessment. Guidelines were developed for staff and students, policies put in place too. Innovative educators have forged paths in the use of Generative AI for teaching, learning and assessments leading to pockets of transformation springing up across HEIs, often with little or no top-down guidance, support or direction.
This Gasta posits a strategic approach to integrating AI into HEIs to prepare staff, students and the curriculum for an evolving world and workplace. We will highlight the advantages of working with these technologies beyond the realm of teaching, learning and assessment by considering prompt engineering skills, industry impact, curriculum changes, and the need for staff upskilling. In contrast, not engaging strategically with Generative AI poses risks, including falling behind peers, missed opportunities and failing to ensure our graduates remain employable. The rapid evolution of AI technologies necessitates a proactive and strategic approach if we are to remain relevant.
2024.06.01 Introducing a competency framework for languag learning materials ...Sandy Millin
http://sandymillin.wordpress.com/iateflwebinar2024
Published classroom materials form the basis of syllabuses, drive teacher professional development, and have a potentially huge influence on learners, teachers and education systems. All teachers also create their own materials, whether a few sentences on a blackboard, a highly-structured fully-realised online course, or anything in between. Despite this, the knowledge and skills needed to create effective language learning materials are rarely part of teacher training, and are mostly learnt by trial and error.
Knowledge and skills frameworks, generally called competency frameworks, for ELT teachers, trainers and managers have existed for a few years now. However, until I created one for my MA dissertation, there wasn’t one drawing together what we need to know and do to be able to effectively produce language learning materials.
This webinar will introduce you to my framework, highlighting the key competencies I identified from my research. It will also show how anybody involved in language teaching (any language, not just English!), teacher training, managing schools or developing language learning materials can benefit from using the framework.
Macroeconomics- Movie Location
This will be used as part of your Personal Professional Portfolio once graded.
Objective:
Prepare a presentation or a paper using research, basic comparative analysis, data organization and application of economic information. You will make an informed assessment of an economic climate outside of the United States to accomplish an entertainment industry objective.
2. Objective of this chapter
• This chapter gives you a basic understanding of how home
loan is calculated, what is EMI and how is it determined.
3. Agenda
1. Basics of Home Loan
– Types of Home Loan
– Some salient features of home loans are
Process
– Sanction
– Disbursement
2. Interest Rate
a) Principle
b) Interest
4. What is EMI?
• Usually we take loans when we are running short of money
and the need is very important. The need may be for
purchasing a vehicle – bike or car, own home, an education
loan for children so on & so forth.
• Whenever you take loan, you need to pay a fixed amount
every month to the bank in form of repayment of the loan.
This is called Equated Monthly Installment or EMI.
5. Defination of EMI
• A fixed payment amount made by a borrower to a lender at a
specified date each calendar month is called EMI. Equated
monthly installments are used to pay off both interest and
principal each month, so that over a specified number of
years, the loan is paid off in full.
7. What is a Home Loan?
• A home loan is a loan taken for buying or constructing a home
or to make improvements to a residential property. You can
get a loan from banks and registered housing finance
companies
• Your home loan is secured against the property that you buy.
This means that in case you are unable to repay the loan, the
lending bank will have the right to take possession of your
home
8. Home Loan Types
• Basic home loan
1. For new properties
2. Resale
3. Resale- Re-finance
4. Balance Transfer (BT)
5. Loan against property (LAP)
6. Commercial loan
9. Some Salient Features Of Home Loans
• Loans are available for salaried, self employed and Non
Resident Indians (NRIs)
• Loans are available for builder flats, under construction
properties, and residential plot with construction due to start
• Flexible repayment options, ranging from 12 months – 300
months (1 year – 25 years)
• Repayment with easy Equated Monthly Installments (EMI)
• Loan transfer facility in case you want to change your lender
• Pre-payment facility in case you want to pay back more of
your loan
10. Home Loan Process
SANCTION
1. Collection of documents
2. File checking and Inward
3. Loan A/C No generation
(CIBIL)
4. Verification (Office and
Residence)
5. Sanction: System
generated SMS & e-mail
6. Sanction Letter
DISBURSEMENT
Original Property docs
1. Technical site visit
2. Disbursement Date Fix
3. Disbursement
11. Interest Rate
1. Principal amount:
This is the total loan amount that the lender gives you
2. Interest rate:
This is the cost of the loan that you pay to the lender
The amount of the loan, i.e. the principal, that you can avail of
is decided by the lender based on:
– Your income
– Your loan repayment capacity
– The house (property) you wish to purchase
12. Interest Rate
As a borrower, you can choose the type of interest rate that
you will pay. You can either pay:
– Fixed rate: Where the interest rate remains fixed during
the life of the loan
– Floating rate: Where the interest rate floats or changes
depending upon market interest rates
13. Rate of Interest Factors
• Fixed rate: A loan in which the interest rate does not change
during the entire term of the loan. opposite of adjustable rate
• Floating rate: Any interest rate that changes on periodic basis.
The change is usually tied to movement of an outside
indicator, such as the prime interest rate
14. Rate of Interest Factors
–
Prime Lending Rate (PLR) or Retail Prime Lending Rate (RPLR)
Both, PLR and RPLR, are the same. PLR is a bank's benchmark interest rate.
Based on this rate, banks fix rates on various loan products. For
instance, let's assume a bank fixes its home loan floating rate at 0.5 per
cent above its PLR. So, if the PLR of the bank is, say, 10 per cent, then the
floating rate on its home loan will be 10.5 per cent.
•
Rate is depend on
RPLR - (spread) = rate`
16.50% - 6.00% = 10.50% (Floating)
NOTE : Spread is applicable @ the time of disb & it is fix for entire tenure.
• In future if RPLR goes up or down u will get effect on rate of interest
• For example RPLR - 15.50% -6.00% =9.50%
• For example RPLR - 13.00% -6.00% = 7.00%
17. 1. Home Loan Transaction Cycle
•
•
•
•
•
Enquiry
Call
Fix Meeting
Home Loan Requirement
Queries Solution
18. 2. Sanction Eligibility
It depends on monthly income.
Formula:
Loan Amount =Monthly Fixed Income*50% / Per Lac EMI
Sanction Eligibility
Ratio divided into 2 Parts
• IIR
• FOIR
19. What is Installment to Income Ratio (IIR)?
Installment to Income Ratio is also used by the lender. It is used
to generally used by the banks or the lender companies to
evaluate the eligibility of the borrower. It is very similar to FOIR.
But it is presented in the form of percentage. Under IIR, there is
a percentage of installments of home loan paid each month. This
is normally near about 50%.
IIR Formula = Monthly EMI / Gross Salary
20. What is Fixed Obligation to Income Ratio
(FOIR)?
• It is type of ratio which is done through bank or company
providing loans. Through FOIR, they lender tries to evaluate
the eligibility of the borrower. This ratio refers the EMI to be
paid by every month by the borrower. PF, profession tax, LIC
premium, Recurring Deposit scheme, charity to a trust etc. are
not included in it in the form of default EMI (Fixed Obligation).
FOIR Formula= Present EMI + All EMI /Gross Salary
21. 3. Disbursement Eligibility
• Financial Institute disburse the amount against 80% of Cost of
Property.
Cost of Property =
Agreement Cost (Area x Rate) + SD + REG + MSEB +
PARKING + STAX + VAT
23. Assignments
1.
2.
3.
4.
5.
Aasif takes a five year loan for buying a sports bike which will cost Rs.
1,00,000 where he has to pay annual payments at a rate of 10%. Calculate his
annual payments and prepare the amortization schedule for loan repayment.
You are planning to buy a 200 square meters of land for Rs. 40,000. You will
be required to pay twenty equal annual installments of Rs. 8,213. What
compound rate of interest you would be paying?
A finance company advertises that it will pay a lump sum of Rs. 8,115 at the
end of 6 years to the investors who deposits annually Rs. 1,000 for 6 years.
What interest rate is implicit in this offer?
Babita is planning to buy a house that will cost her Rs. 90, 00,000. The bank
has agreed to give loan at 12% p.a. but bank would finance only 85% of the
cost and rest Babita is able to arrange rest through her past savings. If Babita
chooses a term of 15 years, what would be her annual instalment of loan
repayment?
You are going to take a loan of Rs. 65,750 which is repayable in 5 years. If the
rate of interest charged, is 10% p.a. What would be your instalment, prepare
the amortization schedule.