Home Loan: कैसे कम करें होम लोन EMI का बोझ, ये टिप्स आएंगे आपके काम

नई दिल्ली, बिजनेस डेस्क। मौजूदा दौर में लोन लेकर घर खरीदना आम बात है। होम लोन न सिर्फ हमें अपने घर खरीदने के फैसले को टालने से रोकता है बल्कि यह हमें टैक्स बचाने में भी मदद करता है। कई मर्तबा होम लोन लेने के बाद इसके ईएमआई को चुकाना एक सिरदर्द होता है। लेकिन, इससे जल्दी छुटकारा कैसे मिले यह बड़ा सवाल है। होम लोन लेने वाले अपने होम लोन ईएमआई बोझ को कम करने के लिए कई ऑप्शनल ट्रिक का इस्तेमाल कर सकते हैं। नए लोन लेने वालों के पास विभिन्न बैंकों की तरफ से पेश की जाने वाली दरों की तुलना करने और अधिकतम फायदा लने के ऑप्शन हैं, लेकिन मौजूदा ग्राहकों के पास बहुत कम ऑप्शन हैं। जिन लोगों ने पहले से लोन लिया है वो अपने होम लोन को एक बैंक से दूसरे ऐसे बैंक में ट्रांसफर कर सकते हैं, जिससे ब्याज दरों में कमी हो सकती है। हालांकि होम लोन ट्रांसफर करना हर किसी के लिए आसान नहीं है। इस खबर में हम आपको होम लोन को जल्द खत्म करने के कुछ टिप्स बता रहे हैं...

होम लोन बैलेंस ट्रांसफर: होम लोन लेने वाले ज्यादातर लोग लोन की अवधि के बीच दूसरे कर्जदाता के पास जाना पसंद नहीं करते। कर्ज की अवधि के दौरान अगर कभी भी उपयुक्‍त कर्जदाता मिलता है, तो इस बात की सलाह दी जाती है कि होम लोन को ट्रांसफर किया जाए। इन बातों को ध्यान में रखकर आप होम लोन को जल्दी भर सकते हैं।

ईएमआई राशि बढ़ाएं: वेतन पाने वाले उधारकर्ताओं को साल में सैलरी में एक बार हाइक मिलता है। इसलिए अपनी ईएमआई राशि को धीरे-धीरे बढ़ाएं। अगर आप हर साल अपनी ईएमआई राशि बढ़ाते हैं तो लोन पीरियड में कमी आएगी, जिससे आपको कुल बकाया लोन राशि चुकाने में मदद मिलेगी।

वेतन की तारीख: कोशिश करें कि अपनी ईएमआई की तारीख अपनी सैलरी की तारीख के नजदीक रखें, इससे आप ईएमआई भुगतान को लेकर कभी नहीं चूकेंगे। ईएमआई और एसआईपी के पेमेंट के बाद बचे धन के साथ अपने खर्च की योजना बनाएं। चाहें तो यह भी सुनिश्चित कर लें कि बकाया भुगतान के लिए आपके होम लोन पर कोई अतिरिक्त शुल्क तो नहीं लगाया गया है।

TRIO vision Group

TRIO VISION CONSTRUCTION COMPANY LUCKNOW.

B-85 indira nagar, Bhoothnath Metro Station lucknow.

We Make Your Dream Home on a Plot of Land.

If you are dreaming about your ideal home but cannot find time to build it , then call us  We help make your dream home a reality. Trio Vision Construction Company is a house designer and house builder that you can trust and rely on.We are making homes with Material.We have well qualified and experienced Manpower and labors.

Are you building your dream home on a piece of land? From hiring an architect/construction company for planning to cross checking the quality of construction, several factors play a critical role in making the end result a success. 

TRIO vision Group shares important tips to keep in mind while constructing your house on a  plot.

The excitement of building a home is priceless. From constructing it to designing, you have to play an active role to ensure successful construction of  your dream home. It is a long process and requires your constant attention or you could end up paying heavily later. TRIO vision group shares  various architectural and financial aspects that one should keep in mind while building a home.

Know your Budget

Before you start constructing your home, set an estimated budget in your mind. The quality of the work to be done will depend on your overall budget. Make sure that your tentative budget is 20 per cent more than the estimated cost. Keep some funds for interiors and do not spend everything on construction.

Hire an architect

Hiring a good architect or a structural engineer will help you organize things well. Explain him your needs and requirements like  number of family members and rooms required on the basis of which he will make a blueprint. “The architect will study the feasibility of the plot and let you know how much of the plot is usable (built-up area). Do not hesitate in asking how much area is to be left open,” says Suresh Pandey, Director, trio vision group.

Once it is done, the architect will further help you take quotations from contractors. However, it is important to do some online and physical research yourself. Talk to different contractors, explain them your needs, and take an estimate and compare. Do not go by what the architect says. Check if the contractor has a sound reputation and is known for using good quality material. Enquire about his past projects, visit his clients, check their homes, ask them the time taken for completing the project and take their feedback.

Shape of the plot

Shape of the plot have a direct impact on the construction cost. While square plots are most viable for construction, complex shapes require more  per sq ft area and which increases  the cost of construction. Also, if you are constructing a bungalow, it is advisable to check if the plot is vastu-compliant.

Materials used 

Another important thing is to find out about the materials being used. For instance, a contractor constructs a home on a 200 sq yard plot of area for Rs 25 lakh in 6 months using substandard construction material while the other contractor completes the same work for Rs 30 lakh in 5 months using good quality material. In this case, you should always go for the second contractor who is more reliable in terms of using materials even though if it affects your budget a little.

Similarly, cost of building material (such as bricks, cement, stone and sand) and labour varies in different cities. It will be relatively higher in metro cities compared to Tier II and III cities. Make an agreement and take everything on paper. Ask the contractor to include some of the interior work within the total cost of construction.

Standard vs Customised home

The concept of standard homes is slowly being replaced by customised and luxury homes. People are now designing specific portions of their home (removing walls and increasing bathroom space) as per their requirement. However, one should not forget that if we desire to build a customised home, the cost increases instantly despite the same materials being used. Remember, customization should not affect your budget.

Basement and Car Parking 

Basements are expensive to construct because it uses Reinforced Cement Concrete (RCC) Framed Structure. “Modern houses are sort of mixed in terms of design and requirement. Therefore, the trend is to divide the ground floor into two halves – front half should be reserved for car parking and the other half should be made the living room facing the garden.

Sustainable development

The world is moving towards sustainability  and it becomes even more important to use sustainable materials and solar products. As a rule, you have to leave thirty per cent open space in societies. Similarly, you should try to leave atleast twenty per cent open space. Use glass windows instead of walls in the living room so that you can have a serene view of the garden. By using these materials, carbon footprint gets reduced thus, making your home more sustainable to the environment.

Now, let us have a look at some of the financial aspects that you should keep in mind:

Loan

To avail home loan for construction of house on a residential plot, it needs to be in Municipal limits on a legally valid title of freehold/lease hold property or property allotted by government agency such as LDA, AWAS VIKS and etc. Loans are not given only for purchase of plot which they consider will be speculative in nature. There is also a stipulated time period within which the construction need to be completed

Eligibility Criteria 

The eligibility is calculated basis the repaying capacity of the borrowers and the property is funded till eighty five per cent loan-to-value (LTV) of the cost of construction. The borrower has to first invest the margin money of fifteen per cent in the initial construction.

Process

Once the loan is sanctioned as per the eligibility of the customers. The banks will conduct the due diligence in terms of legal and technical checks on the property. Post the legal and technical checks are satisfied the loan amount is disbursed as per the stage of construction. Since the property will be under construction and disbursement will be made in tranches, the borrower will be paying only Pre-EMI till the final amount gets disbursed

Type of plan

The interest rate are easing and would be reducing in the coming years. Thus it would be advisable to go for floating rate of interest rather than locking into fixed rate of interest which will be 150-200 basis point higher than floating rate.

Trio Vision Construction Company
B-85 , Indira Nagar, Near Bhoothnath Market, Lucknow
Contact:+91-8318192212,9058913568

Facebook Page Link :- m.me/triovisionconstruction

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How to choose the right construction loan

Building your own home can be a better investment than taking a mortgage or renting in the long term. By setting out and customizing your home to suit your aesthetic, you will be able to meet your exact needs. If you are considering this type of home ownership, a construction loan could help finance your project.

A construction loan is a specialized type of loan offered to potential homeowners who are looking to address financing for building or renovating their property. It does not offer the same terms as a regular loan because lenders are expected to make progressive or drawn down payments, where funds are released during each stage of construction.

This loan is divided into five key stages; foundation laying, brickwork and roofing, installation of doors and windows, adding internal fixtures, and making final touches. Lenders arrange an inspection and release funds. Construction loans will usually involve interest repayments until the project is finished, upon which borrowers begin making principal and interest repayments.

If you are looking to take up a construction loan, what should you consider to get the best deal?

Interest rates

Like other loan products, your interest rate will determine the cost of your loan. You should shop around to find affordable interest rates which suit your financial situation. If you have collateral, you could use it to access the best possible rates. However, you need to be wary of an unsustainable loan repayment structure as this can cause you to lose your collateral.

Loan features

If you do not have a sufficient income, you may consider loan products with additional features such as an interest-only option. You can always rent out or sell your property for profit in future, allowing you to pay off your debt and recoup some value. An interest-only option, as well as other loan features, could make your construction loan manageable and affordable.

Your loan to value ratio

Understanding the value of your land and building will enable you to get appropriate loan terms. Lenders will consider these aspects to determine your loan-to-value ratio, which will impact their willingness to offer you a loan, as well as the cumulative amount. They will also determine the value of your building at each stage of inspection. If you assess these aspects and determine your loan-to-value ratio before seeking out a loan, you will be better able to find the right loan deal.

Your deposit

How much do you have set aside? For construction loans, most lenders will require that you deposit a minimum of 10% of the value of your completed property. You need to assess your plans and determine this value to make sure you meet the requirements for a construction loan. For added security and better terms, you may consider laying a 20% deposit. This will help you avoid loan insurance, which can increase the cost of your loan.

Requisite documentation

In order to qualify for a loan, different lenders will impose certain demands. There are specific financial documents that you need to provide in order to qualify for this type of loan. You should review each lender’s specific needs before making an application to ensure you can qualify for a construction loan.

Trio vision Group

B-85 Indira nagar lko

contact:08318192212

Things To Watch Out When Renovating Your Home

The home renovation helps in improving the property's net worth. Additionally, you can get a fresh new home with all the comfort you require and meet with all your expectations within your budget. Due to the excitement of renovating your home, you majorly concentrate on the interior design of the house and forget about the other main things. So, here is the list of things to watch out when renovating home.

1. Structural issues

The structural challenges are quite hard to break through. You need to address these issues primarily before dealing with other problems. Start inspecting the windows, doors, and roofing by making sure that they are in good condition. Check for other places if they are broke or prone to cracks. You need to fix these issues to improve the structural strength of the house.

2. Wiring and plumbing systems

Hire the experts to inspect if both the electrical as well as plumbing systems are working properly. The experts resolve the related issues if anything found. The old wirings may lead to many serious issues which need to be replaced to ensure the safety of the residents. You cannot underestimate the never-ending plumbing problems. Make sure to get rid of the annoying plumbing problems while renovating it.

3. Waterproofing

The damages caused by water infiltration can be much severe than any other. It can lead to the growth of mold and mildew which deteriorates the interiors. You need to do waterproofing to avoid wall dampening and other issues which might damage the structural strength of the building.

4. Roofs

If your house has asbestos or any other roofs, you need to inspect its condition before proceeding to the renovation work. The roofing gets easily damaged as they get exposed to extreme weather condition throughout the year.  You might need to hire a roofer to conduct the inspection as well as to repair or replace any part of it.

5. Termites

The termites are a major headache for the houses that hold many wooden objects. It might be almirah, cupboard, doors, flooring or others. The termites damage the complete wooden material and weaken its structural strength. You need to hire pest services to get rid of these harmful termites.

Design of RCC Structural Components

In this article, I will discuss the minimum standards that can be followed for the design of RCC structural components of a structure, such as columns, beams, slab and foundation. We will also discuss the minimum safe standards for the reinforcing bars that are to be used for the design of the above mentioned Structural Components.

Minimum cross-sectional dimension for a Column: is  9″x 12″ (225 MM x 300 MM) which is the minimum recommended size. I have designed hundreds of buildings, and never had the misfortune of any structural component ever failing due to loads. I always use M20 grade concrete for construction, as it is the minimum recommended grade of concrete is IS 456:2000. Please don’t skimp on the quality of concrete. The minimum steel in a 9″ x 9″ column is 4 bars of 12 MM with stirrups of 8 MM steel rings at a distance of 150 MM centre to centre. In a 9″ x 12″ column, I add two more bars, to take the total to 6 bars of 12 MM diameter. This design can be safe for up to G+1 floors. But there are a lot of other factors involved.

Also check out:

Thumb rules for making a Column Layout

Construction on Site | Design of RCC Structures[/caption]

Minimum RCC beam size should not be less than 9″x 9″ (225MM X 225MM), with an additional slab thickness of 125 MM. I generally use a minimum of 4 bars, with 2 bars of 12 MM thickness in the bottom of the beam, and 2 bars of 10 MM at the top of the beam. I maintain a concrete cover of 40 MM. I recommend use of M20 grade of concrete (1 part cement : 1.5 parts sand : 3 parts aggregate : 0.5 parts water).

Minimum thickness of RCC slab I recommend is 5″ (125MM) because a slab may contain electrical pipes embedded into them which could be 0.5″ or more for internal wiring, which effectively reduces slab depths at certain places, causing cracking, weakening and water leakage during rains. So, a minimum thickness of 5″ should be maintained.

Minimum size of foundation for a single storey of G+1 building, where soil safe bearing capacity is 30 tonnes per square meter, and the oncoming load on the column does not exceed 30 tonnes, a size of 1m x 1m should be used. Minimum depth of footing should be atleast 4′ below ground level. It is recommended to go to depths up to had strata.

Reinforcing bar details (minimum)

1. Columns: 4 bars of 12mm steel rods FE 500

2. Beams: 2 bars of 12 mm in the bottom and 2 bars of 10 mm on the top.

3. Slab

a) One Way Slab: Main Steel 8 MM bars @ 6″ C/C and Distribution Steel of 6 mm bars @ 6″ C/C

b) Two Way Slab: Main Steel 8 MM bars @ 5″ C/C and Distribution Steel of 8 mm bars @ 7″ C/C

4. Foundation: 6″ of PCC layer comes first. Over than, a tapered or rectangular footing of 12″ thickness is minimum. Steel mesh of 8 mm bars @ 6″ C/C should be laid. In a 1m X 1m footing, this would consist of 6 bars of 8 mm on both portions of the steel mesh.