A home loan is the biggest loan an individual borrows. It is a high value loan. It often lasts for over two decades and keeps the borrower indebted until the principal loan amount and the interest is paid off in full. Since it is the biggest loan for most of you, it makes sense to consider your finances and affordability before a home loan is taken. You have to get used to the fact that a fixed portion of your income will go towards equated monthly installments or EMI payments for many, many years together.

In order to help you understand the nature of your EMIs, you can take help form a freely available online tool, known as the home loan EMI calculator. The calculator is typically available for free, unlimited usage on all lender websites. Let’s find out what a home loan EMI calculator is, how to calculate home loan EMI and the many benefits of using the home loan EMI calculator before you apply for a home loan.

What is a home loan EMI calculator?

A home loan EMI calculator is basically an online tool that can help a loan borrower compute the payable EMI amount against the home loan. There are three basic components of the home loan EMI calculator are as follows:

1. The Principal amount field
2. The loan tenure (in months) field and
3. The interest rate field

The calculator helps the borrower understand how much  EMI he is to pay over a stipulated tenure at an interest rate determined on the basis of the loan amount and tenure. Most of the lender websites have this tool freely available. You can put in several permutations and combinations of tenures or interest rates to determine an affordable EMI. You can simply keep inputting different principal loan amounts (by adjusting your down payment), interest rates and tenures and keep a record of the payable EMIs based on these figures.

Home loan EMI calculation formula 

Your home loan EMI calculator works using the below formula

The EMI calculator uses the following formula:

EMI = [P x R x (1+R)^N]/[(1+R)^N-1]

As per the formula

EMI = equated monthly installment

P = principal loan amount i.e. amount borrowed as loan

R = rate of interest (fixed or floating) levied on the home loan amount

N = Repayment tenure or the number of installments to be paid on a in monthly basis

In the above;

Principal loan amount: The principal loan amount is the actual sum you wish to borrow. If you intend to purchase a home worth one crore, you must factor in your down payment amount and only input the borrowed amount. For instance, if the property value is one crore, and you can afford to pay 25% as down payment, then according to the home loan EMI calculator, the principal loan amount would be 75 lakhs. The lender will apply the interest rate to the 75 lakhs and the EMI amount is determined on the basis of the principal loan amount, interest rate and tenure.

Interest Rate: You are supposed to pay an interest rate on the loan amount sanctioned. Each lender offers a different interest rate and you can find the minimum interest rate offered by your chosen lender on their website. On the home loan EMI calculator, you must consider minimum the interest rate offered by your chosen lender and input the figures accordingly. Most lenders offer home loan  at an interest rate of 8.50% and above. Furthermore, the borrower can opt for a fixed or floating rate of interest as well.

Tenure: You must also input the loan tenure in months. Since home loans are high value loans, you can get them for tenures lasting anywhere between 15-20 years. However, keep in mind that a high tenured loan comes with high interest rates.

How does the home loan calculator work?

In order to calculate the monthly EMI on the home loan EMI calculator,  you can either input the figures or use the slider provided in the home loan EMI calculator to adjust the values for the principal loan amount, tenure and interest rate, depending upon the type of calculator available on the lender’s website. The slider can be moved easily from left to right, with the mouse and can be used to select the loan amount, tenure and interest rates. You can keep changing and adjusting the figures while the calculator computes instant and accurate EMI amounts in a matter of seconds.

One of the most important things emerging technologies offer us is a faster solution. With increased consumer demands and expectations, companies leverage test management tools, and skilled developers and testers to satisfy customers. To stay ahead of the competition, all the players in the market want their product to be the first in the market. This puts pressure on QA teams to speed up the testing process. Speed is indispensable to stay competitive but customers today value quality more than anything else. Therefore, quality must be the main priority. Achieving speed at the expense of quality is like churning out failures at a really fast pace. With continuous testing, the quality keeps in check while maintaining the required effectiveness and speed.

The Impact of Digital Disruption

Digital transformation requires a 360-degree change in the entire culture and operations of organizations, hence, it’s disruptive in nature. Transformation cannot take place without a proper strategy which needs to be centered around four aspects that form the foundation of digital transformation success.

• Business
• Technology
• Processes
• People

In pursuit of optimizing SDLC with a combined DevOps and Agile approach, some organizations tend to ignore the most critical part – quality assurance and testing. Testing can be a painful process and with continuous testing, teams can make this process easier and use the disruption to the benefit of the organization. Continuous testing strategy guarantees that DevOps and Agile do not cost an organization the quality of their products.

How to Make a Successful Continuous Testing Strategy

Continuous testing is a must at every stage of each sprint. To do so while keeping up with the pace of Agile and DevOps, continuous testing needs to be supported by automation. However, everything shouldn’t be automated. With the right combination manual and automated software testing and test management tools, teams can improve the test coverage and spectrum of continuous testing approach, automation, and cloud play a key role. Cloud enables cost-effectiveness and scalability.

The continuous testing strategy makes it mandatory to micromanage the factors of a change management strategy to achieve digital transformation. Along with relying on Agile and DevOps to empower CI/CD pipeline, organizations must also integrate continuous testing into the loop to facilitate timely fulfillment. Continuous testing eliminates the concern of time constraints and tight sprint schedules. With the right set of tools and the right amount of automation, both the functional and non-functional aspects are checked as the sprint progresses. This ensures that only quality products are delivered to the end-users.

Conclusion

The future for digital transformation is secure. In fact, it’s only going to grow from here. It’s only a matter of time when organizations start to take it seriously and put in the required efforts to digitally transform the right way. Without a continuous test strategy, right methodologies, and test management tools, the efforts to digitally transform will go in vain.

Author Bio:

As a Senior Marketing Consultant at Kualitatem, Ray Parker loves to write tech-related news, articles, specifically quality assurance and information security. Apart from his techie appearance, he enjoys soccer, reading mysteries, and spending long hours working over at the New York office.

People who move to the Pearl City are introduced to its famous cuisine and culture along with ample opportunities in its sprawling IT and manufacturing sector. Over the last few decades, Hyderabad has become a hub for young talent, and its neighborhoods now buzz with constant activity, both professional and recreational.

The city of Nizams,Hyderabad has always known to be a luxurious city with a royal history waiting to be explored. However, people who move to Hyderabad for work or higher studies, find it difficult to find a place to live where one can have his/her own space. With the introduction of co-living in India, bachelors can now enjoy private space along with shared communal facilities. Gone are the days when deciding to live in Paying Guest in Hyderabad was a task to have second thoughts about. Nowadays, living in Paying Guest  in Hyderabad is the new way to live and we’ve found the best paying guest options for you to explore in Hyderabad:

1. Manikonda,

Rent starting from 13000 per month
Locality: Financial District, Hyderabad
Available For: All (Men/Women)

If you’re living in Hyderabad, you’ve to live in style and this property is so big you’d feel like a Nizam too. Located in a highly secured Gated community in Financial district. Manikonda in Hyderabad is a place you can call home without a doubt. This co-living home is ideal for those working in or around ICICI towers, Microsoft, Amazon and Wipro circle. In this exquisite property single and double sharing options are available. In addition, you avail premium services such as meals on subscription, daily housekeeping, gym and swimming pool access. The rent includes shared facilities like washing machine, fridge, microwave, common lounge area, dining space and round the clock security.

2. Gachibowli

Rent starting from 7000 per month
Locality: KPHB, Hyderabad
Available For: Men

Equipped with homely facilities like dining table, beds, washing machine, fridge air-conditioning and sofa set, this property is ideal for people studying or working near Hi-tech city, Kukatpally, and KPHB. Other amenities include Wifi, TV with DTH, Lift, Power back up, housekeeping and CCTV. Non-AC variant is also available for people who are looking for a budget Paying Guest in Hyderabad.

3. Madhapur,

Rent starting from 8000 per month
Locality: Madhapur
Available For: All (Men/Women)

Madhapur’s proximity to Hitech city and Whitefield makes it a very sought-after area for living in Hyderabad. The place has marble flooring and woodwork throughout the house. The rent is well within the budget of students as well. Included with the monthly rent are shared services and amenities such as fridge, washing machine, microwave, housekeeping, all day Wi-Fi and security. Food is also available on a subscription basis.

4. Hitech City

Rent starting from 7300 per month
Locality: Gowlidoddy, Hyderabad
Available For: Men

This a cozy place with a budget that suits all. Not only the tenants would enjoy a comfortable life with luxurious amenities like TV, refrigerator, AC, washing machine, but also a dining area and a balcony that overlooks the colony. Perfect PG for people working in nearby areas like Financial District, Q-City and Gachibowli. This is one of  most affordable and most visited area, so make sure you make a visit soon!

The taking off the cost of houses in metropolitan urban cities like Hyderabad involves incredible concern, particularly for people who simply moved in from their home to satisfy their big goals. Consistently this can consume a major amount of money from their pocket. Then again, dwelling in a PG in Hyderabad might be increasingly practical yet it accompanies its own arrangement of difficulties. Living in paying guests in Hyderabad absolutely offers the best living course of action with prudent stays, community living that doesn’t settle on one’s privacy.

It is a transitioning living pattern that attentively takes into account the requirements of students and working professionals in the city. In Hyderabad, one of the significant IT center points in the nation, the interest for reasonable rentals is consistently at its pinnacle. In the event that you are hoping to settle down with similarly invested people in a zone of your decision, it is ideal to select co-living quarters. They are completely updated rooms with recreational options and premium facilities. One should look at the accompanying locations to make sure about the best Paying guest accommodations in Hyderabad.

All these mentioned areas are home to significant IT hotspots and business focuses. Thus, the inhabitants at the co-lounge rooms get the simplicity of transportation to their working environments.

Here is an overview of the multi-faceted living involvement with the Paying guests in Hyderabad:

• Avoid Mundane Tasks:

These keen PG in Hyderabad apartments incorporate the arrangement for laundry service and housekeeping with the goal that your fundamental day to day errands are dealt with. This further reduces the expense of keeping house helps services, just like the situation when one lives on a leased floor.

• Full-Access to Fitness Center:

The Paying guests in Hyderabad have an undeniable space to exercise and we as a whole know the significance of getting normal exercise particularly with the expanding number of work area bound employments.

• Attempt Your Own Recipe:

Completely equipped well-furnished kitchen permits you to cook easily with the people of your choice.

• Beneficial Recreation inside the Premise:

There are assigned spaces for indoor games, movies, local gatherings, and other such easygoing social affairs to revive your brain. The endeavor is to cause you to feel at home in any event, when you are miles from your family.

• Bond with Like-Minded Millennial:

You can make the most of your solitude and furthermore trade intriguing discussions over some coffee.

Tips on Business Advertising

Keeping a small business afloat can be hard sometimes, especially if the company is new to the area. Being determined and innovative is a good start. How you can lose with good-ole fashioned determination and vigor.

Types of Advertising Strategies

Having lots of innovative ideas is perhaps one of the top traits that can help a business keep its doors opened. However, strategically implementing those creative ideas is even better.

A few ideas a business owner could implement are listed below:

1. community charities
2. online contests
3. joining local groups
4. loyalty programs

Donating to those in need always leaves us with a warm feeling on the inside. Most companies are aware of the positivity that surrounds giving. It brings out the best in people and in the community.

Choosing a cause or charity together as a company, then donating to it is a great idea. Make sure that it is a cause that everyone cares about, then decide on the perfect time to present the donation. Most charities have a calendar of town functions and charity parties.

Pick a night to attend, then invite the co-workers. It may be a formal function, or it could be a pool party. Typically, the charity will post the company and how much they gave. This is good exposure for the company and will undoubtedly get their name out there. Once people know the name of the company, they want to know what are its services, where are they located? Etc.

Another Nextdoor Local Business Advertising strategy is online contests. Online contests are known to send a little excitement and thrill to followers after all who would not want to win a free product or service.

The heightened online activity will start conversations about the business. This could catch the attention of audiences that have never heard of the company. The contest will need to consist of an activity that is simple and not that time-consuming.

It will need to be something surrounding the service of the company. Or something that has to do with the type of products that the company sells. An activity that is too complicated may not get the attention expected, so be sure to make it easy and a lot of fun.

Once a contestant has won, the company should make it worth his/her while. Make sure the prize is something worth having and make sure that a particular person can actually use the service/product. If not, allow them to exchange it for something they can use. Gaining the reputation of a company that does excellent online contests can go a long way.

A third Nextdoor Local Business Advertising strategy is joining a local Chamber of Commerce that can have its advantages. Newcomers to a town often visit the town’s Chamber of Commerce. It has information about the city when it comes to local museums, schools, businesses, and more.

The new business can leave business cards and coupons. Joining a local Chamber of Commerce will cost a small fee.

The fee is charged annually.

A new company should open its eyes to other local business opportunities also. Perhaps another business is having an opening day gathering and does not mind sharing the space. Maybe they need services that another small business can provide, in exchange for a little exposure.

A customer loyalty program always causes excitement! The more a customer spends, the more points they earn. Once so many points are collected, they can receive a free service or even a free points. Customers enjoy loyalty programs because it gives them something to look forward to on each visit.

There are lots of different ways a new local business can advertise. Spreading the word about a new small business may cost a money at first. Things like giving away coupons, prizes during contests, etc. are all investments, investments that well worth it.