Home loans are long commitments. For some it is a relationship which lasts more than their marriage too. Funny as it sounds; home loans in India are a serious affair which requires a lot of efforts from you in order to ensure that you stay happy. Home loans can be paid in different tenure options and until you reach the age of retirement. These numbers are decided by the Bank/NBFC that deals with providing the best home loans to you. Generally in banking terms, minimum home loan tenures range from 15 years and the maximum tenure would be of 30 years. The retirement age is considered as 60.

What is Loan Tenure?

Loan tenure is the period you get in order to repay the home loan amount back to the Bank/NBFC. This tenure is decided firsthand before your loan application is approved.

Which is better? Long home loan tenure or short tenure?

Loan tenure depends on a variety of factors of which the top most is your loan eligibility. What tenure suits you best also depends upon your income level and how much money you can dedicate to repaying the home loan amount. You can use a home loan calculator and check if reduction in tenure is required or no.

Can we change home loan tenure?

Yes. If there are situations where you are not able to repay back the loan EMI on time due to budget constraints, then you can discuss with the bank regarding the possibility of increasing your home loan tenure. If the Bank/NBFC approves, then your home loan tenure can be increased and accordingly your loan EMI amount will reduce.

How Can I Repay Home Loans until I’m 75 years old?

Usually Banks allow maximum home loan tenure of 30 years to customers. In rare cases like Oriental Bank of Commerce, you can also get home loan tenure of 40 years. Now, LIC Housing Finance (LICHF) has partnered with India Mortgage Guarantee Corporation (IMCG) and they offer a special home loan scheme which allows the customer to repay the home loan until they reach the age of 75.

Here’s an example to help you understand how loan tenures work;

Mr. ABC who is 30 years old gets a home loan worth 40 lakhs at 8.5% interest for tenure of 15 years. Here we will show how much monthly EMI he will pay if the loan tenure kept increasing;

Monthly EMI:

15 years = 39390

20 years = 34713

25 years = 32209

30 years = 30757

35 years = 29874

40 years = 29324

45 years = 28974

So you can see that earlier Mr.ABC would only get maximum loan tenure of 30 years which would help him repay the monthly EMI of 30,757 rupees by the time he reaches the retirement age of 60.

Now with this scheme, he can repay the monthly EMI of 28974 rupees by the time he reaches the age of 75. That’s almost saving 2000 rupees per month.

Overall, a scheme as such does help you in the long run to manage your finances and repay a home loan with ease. Be a reliable customer, pay your bills on time, maintain a good credit score and all this will help you get your dream of owning a home turn into reality.

Spread the love...
  • 2
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
    2
    Shares
Continue Reading

I’ve always been fond of the Asian cuisine varieties. There’s so much you can bring to the table using a mix of hundreds of ingredients and spices to tickle your taste buds. And then there is my love for sushi. Hence when I visited Yazu – Pan Asian Supper Club, I knew I was in for a good experience.

Location and proximity to station – Situated besides the best landmark in Andheri west i.e Infinity Mall, Yazu has space for more than 100 guests at one time. You can reach here via the DN Nagar metro station within 10 minutes, 15-20 minutes each to Jogeshwari or Andheri station.

Seating and Ambiance – There’s comfortable seating along with seating allocated at the bar and a separate area with high table for those who want to enjoy the live screenings. There is absolutely no problem whatsoever in terms of space congestion.

 

Food and Drinks – Here’s what we tried;

  1. Bhut Jolakia Mule – I am a whiskey cocktail person. But something about this place made me try different options. The staff suggested Bhut Jolakia Mule. For those who don’t know, Bhut Jolakia is the spiciest chilly all over the world found within India. They have made a paste out of it and added vodka along with ginger and lemon. This drink gives the perfect hit and taste. It is spicy and lovely. Highly recommended that you try it out.

  1. Yazu special Gin and Tonic – I also am fond of the classic gin served with tonic water. It really has an amazing taste. Here too they have served with cinnamon and the end result is so good. There is a nice aroma coming out of the glass and it is amazing. Please do try it out.

  1. Prawn Tempura with creamy salmon – Perhaps one of the most surprising moments of my dinner here was this sushi. I am not a prawns fan but on being suggested did try it. Along with prawns and salmon, there was avocado, cucumber and Togarashi sauce which is almost like the sriracha mayo sauce. This was fantastic and I highly recommend you to try it.

  1. Yazu Signature Roll – The Yazu signature roll is a smoked salmon special. I love salmon sushi and hence I liked it a lot. It tastes really nice and is not spicy at all.

  1. Red Tuna Nigiri – The classic Nigiri is a type of sushi that has the raw meat or fish which is placed on top of pressed vinegared rice. I had this with a pinch of wasabi and I must say it was good. I usually prefer salmon nigiri but red tuna did surprise me.

  1. Spicy Lamb – Again, the suggestion given by Yazu’s staff is bang on target. This one is a chef’s signature dish where the meat is cooked very well. They’ve made it spicy and I must say it is the good kind of spicy where you cannot stop eating until it’s over. Do try it out if lamb is your favorite.

  1. Yazu signature green curry fried rice – This one is your basic green Thai curry along with their basic version of fried rice. These are served with 4 prawn crackers for company and topped along with sunny side up fried egg. I love green curry and hence this mains is amazing. The rice tastes well and so does the meat. Please do try this out.

  1. Japanese Cheesecake – I love matcha. I cannot deny it. Hence when I saw the cheesecake here along with matcha ice cream, I had to try it. They have added their baked cheesecake along with matcha green tea ice cream. I loved the texture and the consistency in taste. It’s really good.

To conclude, there’s good food being served here and also an amazing variety of drinks. A special thanks to their staff, especially “Kreo” and “Piloto”. They made us feel at home and were always there to help us make the right decisions and ensure we had a good meal. People as such make your dinner a memorable experience. Do check this place out. They’re worth it.

Spread the love...
  • 12
  • 1
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  • 1
  •  
  •  
    14
    Shares
Continue Reading

One of my favorite aviators Amelia Earheart once said that “Adventure is worthwhile in itself”.

It is that feeling of doing something full of thrill, not knowing what lies next which makes an adventure memorable. Working 5-6 days a week almost makes me feel like a machine that has a routine to be followed daily. It’s the “Bilbo Baggins” in me (Lord of the rings reference) a hobbit that waits for the next adventure so he can be free and create a new memory.

On one such occasion, we friends decided to go for an adventure of our own. This was how we discovered Della Adventures.

Where can we find Della Adventures?

Della Adventures is a theme park with more than 50+ thrilling activities for everyone. They are situated in Lonavla, Maharashtra. The closest way to get there is either by Road which would take you roughly 2.30 hours or else by Rail. You can opt for express trains which take less than 2 hours to reach Lonavla station. Then you can hail a private cab or rickshaw to the Adventure Park.

Transportation Pricing:

By Rail, an express ticket must cost you 100 rupees one way from Mumbai to Lonavla. From Lonavla station to Della Adventures, the fare ranges from 100-150 rupees.

Ticketing and Offers:

The average Day ticket along with GST would cost you 2065 per ticket. This includes free rides. If you want a Jumbo Pass which allows you to utilize all the rides available in the park.

For women, there is a flat 50% off only on Sunday.

For those who have their birthday, they get a free ticket for a Day Pass.

Rides and Attractions:

They have indoor and outdoor sports which keep you occupied all throughout the day. For those who don’t like the hot sun and outdoor sports, they can enter the sports bar that house Nintendo Wii and Xbox 360. These virtual games are as follows;

Indoor Games: (Air conditioned)

  1. Boxing
  2. Tennis
  3. Dancing
  4. Football
  5. Racing

There are also games like;

  1. Pool
  2. Foosball
  3. Table Tennis
  4. Carrom Board
  5. Chess
  6. Dart Board

Outdoor games:

Mini Games:

  1. Single/Double seat cycling
  2. Slingshot
  3. Crossbow
  4. Della shooting range
  5. Archery
  6. Net Hard Ball cricket

Outdoor activities:

  1. Dog walking
  2. Horse Riding

Adventure activities;

  1. Water Zorbing
  2. Land Zorbing
  3. Low Rope Challenge
  4. Ground challenge course
  5. Roller Zorb
  6. Vertical Rope challenge
  7. Artificial rock climbing
  8. Della Knockout
  9. Ball fighting
  10. High rope challenge
  11. Rocket ejector
  12. Flying Fox
  13. Rappelling

My experience:

These are the games and attractions that you can utilize in the One Day pass. I really had a good time in the indoor sports bar with all the games like Foosball and also the virtual games like Dancing, Racing etc.

When it comes to outdoor activities;

  • The Vertical and High rope challenge is something you must not miss. These test your strength, stamina, fear and also the will to succeed. They really are worth the money. Be ready for some bruises on your body.
  • Flying Fox is yet another easy ride where you are tied to a harness and you fly above a good height which gives you an aerial view of Della! Go for this experience and you’ll forget your fear of heights
  • Rocket Ejector is another thrilling ride where you are tied with harness and then ejected upward. The after feeling is like that of pulling a rubber band and then letting go. That moment when you reach up and fall down, that makes you feel so vulnerable. It’s an amazing experience.
  • The indoor games are also worth your time. You can spend the entire day playing indoors too. We liked our time inside the air conditioned environment.

Food and Drinks:

Della has quite an amazing section which houses different varieties of food and drinks. There are dhaba styled restaurants, restobars that’s serve wine and fine dine. There’s also a Thali place and also pizzas, burgers and ice creams. So in short there is something for everybody. The pricing however is between reasonable to high. Nothing is cheaper inside in terms of food and drinks.

My suggestions:

  1. As much as possible go in a group as there are more opportunities and games where you all can play together.
  1. Please try and arrange for a vehicle and go to Della. Using public transport is fine until you leave in the evening with a tired body that just craves for rest.
  1. As much as possible have a good and heavy breakfast before you enter the Della gates at 11am. That would help you in feeling less hungry. No packaged food is allowed within.
  1. Carry a 2 liter bottle, sunglasses and Cap, a towel and sports shoes. These are basic requirements within and hence please follow them. You can purchase water bottles but they will cost you 60 rupees per bottle.
  1. There is a general baggage counter right at the reception where you can keep your bags. You can visit this counter and use your bag or remove stuff that you want for free. There is also a locker facility inside Della for 400 rupees that can be utilized.
  1. Try visiting Della when it is someone’s birthday or if there are more females in the group. This helps in saving a lot of money in ticketing. Check various offers available for students, ladies and birthday offers.
Spread the love...
  • 23
  • 1
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  • 1
  •  
  •  
    25
    Shares
Continue Reading