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Tuesday, June 25, 2013
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Tuesday, April 9, 2013
Importing Container Homes to Asian countries
How poor we are really, Asians ? When we compare to Europeans, we Asians are poor. Don't compare with nomads life of African nations. Every one of us need a shelter to live safe in changing climatic conditions happen every turn of sun. A small home is a dream of a family. Many of us cannot afford it only due to the reason of financial problems. Now a good solution has found out by some architectures. Container Homes !
Container houses are not small. It uses many number of containers to make a big home.
Now Container homes are trendy. It can use as a portable home also. So rich fellows can also setup a small rest room in their farm yards. Some other uses are cycle or car sheds, use as cafe, bust waiting stop,
Shipping containers can be transformed into a variety of innovative homes and hotels.
Overpopulation, migration and mobility characterize life and living today. Natural catastrophes frequently leave thousands of people homeless; indeed the very idea of home is less constant and more fluid today than it was just a generation ago, and personal space is now a luxury, making us reflect on how much space we really need.
Container homes are a fast, green, economical and surprisingly flexible alternative to traditional houses as they provide modern dwellings for any household size – from individual to family and community housing. We take a look at five container dwellings that show how living in a steel box can be stylish and environmentally friendly.
Advantages of Container Homes
Container City, London
Developers Urban Space Management used a flexible, component-based container construction system to build this city in the London Docklands in 2001. The demand was so high for these homes made from 80% recycled materials that by 2002 they had built a second city right next to it. Rather than following the 1 container = 1 unit concept, architect Nicholas Lacey and partners and engineer Buro Happold used component pieces to create adaptable living and work spaces.
See some videos of container homes and its construction
Some company websites who undertake your sweet home real in minimal price.
http://www.containerhomes.net/
http://storagecontainerhomes.net/
Container houses are not small. It uses many number of containers to make a big home.
Now Container homes are trendy. It can use as a portable home also. So rich fellows can also setup a small rest room in their farm yards. Some other uses are cycle or car sheds, use as cafe, bust waiting stop,
Shipping containers can be transformed into a variety of innovative homes and hotels.
Overpopulation, migration and mobility characterize life and living today. Natural catastrophes frequently leave thousands of people homeless; indeed the very idea of home is less constant and more fluid today than it was just a generation ago, and personal space is now a luxury, making us reflect on how much space we really need.
Container homes are a fast, green, economical and surprisingly flexible alternative to traditional houses as they provide modern dwellings for any household size – from individual to family and community housing. We take a look at five container dwellings that show how living in a steel box can be stylish and environmentally friendly.
Advantages of Container Homes
- As one might expect, cost is a primary consideration and benefit of storage container homes. Typical homes of this type are significantly less expensive than their traditional stick-built, brick and mortar counterparts. The reason is simple: the basic materials required are merely the storage containers themselves, which can cost as little as $1,000 each for containers the size of an average room. Furthermore, homes built from storage containers do not require intricate foundations as do traditional homes. In some cases, they may not require a foundation at all.
- Needless to say, storage container homes offer a degree of strength and durability which is simply not possible with traditional stick built homes. In particular, storage containers made of steel are incredibly strong, as they can resist corrosion and wind damage far more significantly than other materials. The simplistic construction afforded by their cubic design also gives storage container homes an elevated degree of internal strength and stability.
- Owing to the relatively homogenous dimensions of steel containers, storage container homes are also easier and faster to build. In a sense, steel storage container homes are akin to modular homes, that is, each piece is prefabricated and simply assembled together to create a building. However, in this case, the “pieces” are much bigger, making them easier and faster to adjoin. Additionally, steel containers can be transported very quickly with minimal cost or risk of damage.
1000-Container Student Housing Project, Keetwonen, Amsterdam
For student housing project Keetwonen in Amsterdam, containers have been used to create 1,000 dorm units for Dutch students, making it the biggest container city in the world. It was launched by Tempo Housing in 2006. Not only does it look hip and provides all the amenities a student could ask for, it also has a rooftop used for rainwater drainage, heat dispersal and insulation of the units below. The award-winning project has received a lot of international attention and is so successful that its planned relocation after 5 years has been postponed until 2016.Container City, London
Developers Urban Space Management used a flexible, component-based container construction system to build this city in the London Docklands in 2001. The demand was so high for these homes made from 80% recycled materials that by 2002 they had built a second city right next to it. Rather than following the 1 container = 1 unit concept, architect Nicholas Lacey and partners and engineer Buro Happold used component pieces to create adaptable living and work spaces.
See some videos of container homes and its construction
Some company websites who undertake your sweet home real in minimal price.
http://www.containerhomes.net/
http://storagecontainerhomes.net/
Why Indian IT company shares collapse in April
In recent days we felt a great lose on IT sector share trade. Every one was selling out their shares before the IT companies quarterly report is going to submit. Market eyes seen that it is a reflection of American trade in India.
Wipro was the huge loser. They calculated the lose in billions of dollars. About 11.2% share value slashed down. Wipro is the 3rd biggest IT company in India.
Wipro had given offers to shareholders including getting shares in the IT business, the listed company, in exchange for the value of their non-IT holdings or converting their holdings into shares in the privately held Wipro Enterprises Limited, the non-IT business.
Those options will no longer be available to anyone buying Wipro shares from Tuesday, with the record date, or the date for executing the options, set for April 11. It takes two trading days for a purchase to be reflected in a shareholders 'demat' or electronic account.
Wipro's IT business accounted for about 94 percent of the combined company's revenue.
393.50INR
2:48pm IST
Wipro was the huge loser. They calculated the lose in billions of dollars. About 11.2% share value slashed down. Wipro is the 3rd biggest IT company in India.
Wipro had given offers to shareholders including getting shares in the IT business, the listed company, in exchange for the value of their non-IT holdings or converting their holdings into shares in the privately held Wipro Enterprises Limited, the non-IT business.
Those options will no longer be available to anyone buying Wipro shares from Tuesday, with the record date, or the date for executing the options, set for April 11. It takes two trading days for a purchase to be reflected in a shareholders 'demat' or electronic account.
Wipro's IT business accounted for about 94 percent of the combined company's revenue.
WIPR.NS on National Stock Exchange of India
393.50INR
2:48pm IST
Price Change (% chg)
Rs-13.50 (-3.32%)
Rs-13.50 (-3.32%)
Prev Close
Rs407.00
Rs407.00
Open
Rs407.00
Rs407.00
Day's High
Rs418.00
Rs418.00
Day's Low
Rs390.25
Rs390.25
Volume
6,123,455
6,123,455
Avg. Vol
1,766,755
1,766,755
52-wk High
Rs463.00
Rs463.00
52-wk Low
Rs295.00
Rs295.00
Same scenario repeated in the case of Infosys, TCS, HCL, etc. But they are minimum losers in the game.
Intervention of American traders in Indian market couldn't stop the fall of indian market.
Every pulse in share market is just a hopeless behavior of share holders on upcoming company strategy reports. One of the rating company rated Indian companies into 2. In that 300 has good score where as 600 companies gone down in that report may reflected sen sex.
Any how IT companies suffer a lot while they prepare quarterly reports. Now none of the IT companies winning any good earning billion dollar projects from outside country. How company accounts it in report may show more fluctuations in share market in coming days. All are eager about real report; story of Sathyam computers never forget by traders in such a condition.
Friday, April 5, 2013
How to apply for Education Loan ?
Students who are all willing to do Higher studies(above 12th) have the eligibility to get a bank loan on the name of EDUCATION LOAN. All banks in India have separate funds to give Education Loans. Now a day's all courses are more expensive and cannot afford by a common man. With the expectation of high end salary, most of the students start their first step to professional study like Engineering, Medicine, Research, Nursing, MBA, etc… Very highlighted part of Educational Loan is the repayment need to start only after the completion of courses. Let's see what else to get a education loan from Indian Banks.
How to Avail Education Loans in India ?
As per the Indian Governments and RBI rules on Education loan, many regulations have added from the year 2012 – 2013. Mostly it says that "Education loan is service not a business".
How to Choose a Bank for Education Loan ?
Now we don't have choice on Bank where to get an education loan. RBI rules says clearly that every customer or student can apply for education loan in their nearest Bank only. If I am staying in Nagpur Panchayath and in my ward there is a SBI bank. So I can only apply in that SBI bank. If there is no bank in my ward or Panchayath, I can go for very nearest branch which it is.
If we have a choice of 2 banks in some times, we can go for a Nationalized bank or Public sector banks than a private bank because of higher percentage in interest rates.
On which courses Bank provide educational loans ?
Management studies like MBA, BBA, CA, etc. Then Technology courses like Engineering, Medicine, etc. Mostly banks does not give loans for Bachelor's/Masters in Arts. And for courses where employment prospects are less as per the Bank's own evaluation. Some of the banks consider parents' income; though that is not a criterion for loan repayment according to RBI rules. Because every bank has funds provided by government of India to give education loan and subsidy on interest rates. On basis of this you can question Bank if they hesitate to give education loan.
How much loan you may get ?
Indian Students: Students who study in India can borrow an amount of Rs. 4 lakhs without any security (sometimes checks or bond papers required). A loan amount beyond Rs. 4 lakh and up to 7.5 Lakh can be availed against a third party guarantee. And a five percent margin will applicable for this loan. i.e, 5% deducted from sanctioned loan amount. Third party guarantee can be your relatives like uncle/aunt or friend or your neighbor and should able to stand guarantee for full amount.
Study in abroad: Loan amount of Rs. 7 Lakhs and above are usually sanctioned against Fixed deposits, properties,etc. But 15% margin is deducted from sanctioned amount. Government gives 2% subsidy on these loans for banks.
Important Note: Due to some problems happened in IT industry most education loan holders couldn't repay amount on time. Indian Banks' Association submitted a suggestion to RBI about to get assurance of repayment from loan holder's parents.
Repayment: Course period + 12 months; or 6 months after getting jobs (whichever is earlier).
What are the Documents to submit for applying an Education Loan ?
Mark Sheet of last qualifying examination.
Proof of Admission in college.
Schedule of expenses like fee structure, hostel fee, etc.
Brief statements of assets and liabilities.
Parents' / guarantees' proof of income.
2 passport size photograph.
Identity and address proof for new account holders (if you don't have account in the bank)
Special Education Loans
If you require additional money because of special needs, special-education borrowing can help you make up the difference between your needs and your financial aid package. Federal student loan programs as well as private lenders will be able to lend you money that you can use toward your schooling. Once you finish your schooling or no longer enrolled, you will need to pay back your debt — with interest.
Distance Education Loans
Distance education is more popular than ever today. It allows students to study remotely, without having to attend classes at a university. This allows students from all walks of life to pursue a college education without disrupting their family or work life. While there is no doubt that distance education makes education more accessible to many, students often find that they require distance education loans in order to pay for their remote education. Distance learning education loans are more available than ever before. Students can now turn to a number of sources in order to get the money they need to succeed in school.
Alternative Education Loans
Alternative education loans are also known as private education loans. These loans are simply amounts of money lent by private lenders. They may be offered by banks, private companies, or other financial institutions or persons. The loans are attractive to distance education students because they are so flexible. You do not need to be a full-time student, in many cases, to qualify for some form of loan. You often do not need to be a United States citizen in order to apply for such loan. You can also apply this type of education loan to any school you attend.
Maximum Loan Amount
In India Rs. 10Lakhs
In Abroad Rs.20Lakhs
Margin
Upto Rs. 4Lakh = Nil
Above Rs. 4Lakh:
In India – 5%
In Abroad – 15%
Repayment Tenor
1 year after competing course of 6 months after getting job (whichever is shorter)
Security
For loans up to Rs.4.00 Lakhs:
Parents to join as Co Applicants & No security.
For loans above Rs.4.00 Lakhs and up to Rs.7.50 Lakhs:
Parents to join as Co applicants together with collateral security in the form of suitable third party guarantee. The bank may, at its discretion, in exceptional case, waive third party guarantee if satisfied with the Net Worth / Means of parent/s who would be executing the documents as "Joint Borrower"
Above Rs.7.50 Lakhs: Parents to join as Co applicants together with tangible collateral security of suitable value, along with the assignment of future income of the student for payment of installments.
Students admitted under Management Quota are also eligible for Educational Loan. However other norms / guidelines with regard to eligibility criteria are to be complied as per State/Central government norms
Banks providing Educational loans
Andhra Bank
Allahabad Bank
Axis Bank
Bank of Baroda
Bank Of India
Bank of Maharashtra
Bank of Punjab
Bank of Rajasthan
Bassein Catholic Bank
Bharat Overseas Bank
Canara Bank
Catholic Syrian Bank
Central Bank of India
Centurion Bank of Punjab
Citi Bank
City Union Bank
Corporation Bank
Dena Bank
Development Credit Bank
Dhanalakshmi Bank
Federal Bank
HDFC Bank
HSBC
ICICI Bank
Indian Bank
Indian Overseas Bank
IDBI Bank
ING Vysya Bank
Jammu & Kashmir Bank
Karnataka Bank
Karur Vyasa Bank
Lakshmi Vilas Bank
Oriental Bank of Commerce
Punjab & Sind Bank
Punjab National Bank
Ratnakar Bank
Saraswat Bank
SBI Commercial and International Bank
South Indian Bank
State Bank of Bikaner & Jaipur
State Bank of Hyderabad
State Bank of India (SBI)
State Bank of Indore
State Bank of Mysore
State Bank of Patiala
State Bank of Saurashtra
State Bank of Travancore
Syndicate Bank
Tamilnad Mercantile Bank Ltd
Thane Janata Sahakari Bank
UCO Bank
Union Bank of India
United Bank of India
United Western Bank
Vijaya Bank
HDFC Loan plans
Do you want to know about our Student Loan for Indian Education in detail?
Focus on pursuing the course of your choice and securing a great education. Leave the hassles of documentation and finances of your student loan for Indian education to us. Here are a few features of the loan:
Amount limits: Get student loans upto Rs. 15 lakh and unsecured lending upto Rs. 7.5 lakh. No collateral or third party guarantee will be required for loans upto Rs. 7.5 lakh.
Wider collateral options: Are you securing a loan of a higher amount than Rs. 7.5 lakh? We offer a wide range of bank approved collateral securities like Residential Property, HDFC Bank Fixed Deposit, LIC, NSC or a KVP policy.
Pick your course: We have a list of approved institutions and courses like MBA, Engineering, Medicine, Architecture, Pure Sciences, IT and much more.
Loan Tenure: Free yourself of the hassle of immediate repayment. Our loans are available upto a period of 7 years including moratorium period. A repayment moratorium (also called a repayment holiday) is the coursework period + 1 year or 6 months after the student gets a job/starts earning - whichever is earlier. You can avail flexible repayment plans.
Tax Rebate: Did you know that you are eligible for a tax rebate for the interest you pay on an education loan under Section 80-E of the Income Tax Act 1961*? See the Income Tax Circular for more details here. Email loansupport@hdfcbank.com to receive interest certificate for FY 09-10.
If this wasn't enough for you, check out some more special privileges that you will get as a HDFC customer for a Student Loan For Indian Education:
We will provide services at your doorstep.
Loans will be directly disbursed to the educational institution as per the fee structure.
Avail access to some other great products and services that we offer. Get a Savings Account with us right away!
Thinking about insurance? As our customer for a student loan, you can also get a special privilege of choosing the Insurance Protection from HDFC ERGO.
What are the eligibility criteria for securing Student Loan for Indian Education?
You need to be a Indian resident
You should be aged between 16 - 35 years.
If you are taking a loan of more than Rs. 7.5 Lakh, a collateral security will be required.
Co applicant: A co-applicant is required for all full time courses. Here are a few points to be noted about co-applicants:
Primary Co-Applicants: Parents, Spouse, Siblings
Secondary Co-Applicants: Father-In Law, Mother-In-Law, Brother-In-Law, Paternal / Maternal Uncle / Aunt
Check out more details on eligibility and courses on offer in our FAQ section.
Here is an exhaustive list of the documents that you will need for the student loan:
| Category | Applicant (Student) | ||
| Academic | Institute Admission Letter with Fee break-up | ||
|
| SSC,HSC,Graduation Marksheets | ||
| KYC(Know Your Customer) | Age Proof | ||
|
| Signature Proof | ||
|
| Identity Proof | ||
|
| Residence Proof | ||
| Income Documents | Salaried | ||
|
| Latest 2 Salary Slips carrying date of joining details | ||
|
| Latest 6 Months Bank Statement of the Salary Account. | ||
|
| Self Employed | ||
|
| Last 2 Year ITR with Computation of Income | ||
|
| Last 2 Years Audited Balance Sheet | ||
|
| Last 6 Months Bank Statement | ||
|
| Proof of Turnover (Latest Sales / Service Tax Return) | ||
|
| Self Employed - Professional | ||
|
| Last 2 Year ITR with Computation of Income | ||
|
| Last 2 Years Audited Balance Sheet / P& L | ||
|
| Last 6 Months Bank Statement | ||
|
| Proof of Qualification | ||
| Others | Completed Application Form | ||
|
| Latest Photograph (Signed Across) | ||
| If appointment letter does not mention Joining Details, then applicant has to submit appointment letter of the current employer. | |||
| Documentation ( Post Sanction ) | |||
| Is there any documentation required post the sanction of the loan? | |||
| Category | Applicant ( Student ) | ||
| Loan Agreement | Completed Loan Agreement to be Signed by Applicant and Co-applicant * | ||
| Repayment Instructions |
| ||
| * Stamp duty to be paid by the customer as per the relevant state laws. | |||
Here are the documents you need to submit for subsequent disbursements:
Subsequent Disbursement Request Letter From Applicant Or Co-Applicant
University Fee Demand Letter
Applicant's Academic Progress Report (Previous Semester)
Revised Repayment Instructions - PDCs / ECS / SI plus 3 security PDCs in case of ECS and SI mode of repayment.
Just SMS <ELSUB> 567-6721 or e-mail at eduloan@hdfcbank.com
What are the fees and charges applicable for Student Loan for Indian Education?
Here is an exhaustive list of all the fees and charges to be paid for the education loan:
| Description of Charges | Education Loan |
| Loan Processing Charges | Upto a maximum 2% of the loan amount |
| Pre-payment charges | Upto 4% of the Principal Outstanding if loan is foreclosed / part prepaid during Moratorium Period. Nil charges if loan is foreclosed / part prepaid any time during Repayment Period. |
| No Due Certificate / No Objection Certificate (NOC) | Nil |
| Duplicate of No Dues Certificate/NOC | Rs. 250/- |
| Solvency Certificate | Not applicable |
| Charges for late payment of EMI | @ 24 % p.a. on amount outstanding from date of default |
| Credit assessment charges | Not applicable |
| Non standard repayment charges | Not applicable |
| Cheque swapping charges | Upto Rs. 500/- per event |
| Loan Re-Booking / Re-Scheduling Charges | Upto Rs. 1000/- |
| Bounce Cheque Charges | Upto Rs. 450/- per Bouncing |
| Legal / incidental charges | At actual |
| Stamp Duty & other statutory charges | As per applicable laws of the state |
*Terms & conditions apply
Charges which are in nature of fees are inclusive of service tax.
http://www.hdfcbank.com/personal/product/productdetails/student-loans-for-indian-education/gts8mipn
http://www.axisbank.com/personal/loans/education-loan/education-loan-features.aspx
http://www.bankofbaroda.co.in/pfs/eduloans.asp
https://www.pnbindia.in/en/ui/EducationLoanScheme.aspx
http://www.bankofmaharashtra.in/credit_fac_edu.asp
http://www.jkbank.net/customerEducationalLoans.php
http://www.syndicatebank.in/scripts/educationloan.aspx
http://www.canarabank.com/english/scripts/InterestSubsidyEducationalLoans.aspx
http://www.indian-bank.com/education.php
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