Mitesh Desai's Profile
Scholar
370
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  • Scholar Asked on August 30, 2018 in EDUCATION.

    Apparently Banks do not like to entertain request for change of the floating rate change mechanism.

    Also you should understand that the change in rate mechanism means signing up a new contract and registering the loan agreement. There are costs involved.

    Should you go for a reset even if it involves a small charge? Yes. The amount you save will be significantly higher over the years. To illustrate, consider the case of a home loanborrower with Rs 50 lakh outstanding loan amount and a 15-year tenure. A 1% fall in interest— from 9.5% to 8.5%—will bring his EMI from down from Rs 52,200 to Rs 49,250, a reduction of Rs 2,950 per month. A total saving of Rs 5.31 lakh—significantly higher than the reset fee of Rs 25,000 even at the maximum rate of 0.5%. You may be able to get this reset cost down by negotiating with your bank. A threat of shifting to another bank often works. “Another way is to approach the branch manager. Based on the value of your relationship, they can reduce or even waive charges,” says Samanta. The ‘value of relationship’ here is crucial. If you have multiple relationships with the bank—savings bank account, credit card, other loans, investment, etc.—you have a valuable relationship and will receive a favourable treatment

     

    • 567 views
    • 3 answers
    • 8 votes
  • Scholar Asked on April 30, 2018 in MECHANICAL ENGINEERING.

    To avoid the concentration of stresses sharp corners and frequent use of fillets should be avoided.

    • 225 views
    • 1 answers
    • 0 votes
  • Scholar Asked on April 30, 2018 in MECHANICAL ENGINEERING.

    The forged items such as drop and press forgings should have a parting line that should divide the forging into two equal halves.

    • 237 views
    • 1 answers
    • 0 votes
  • Magnetic iron rock

    • 229 views
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  • Scholar Asked on April 26, 2018 in INFORMATION TECHNOLOGY.

    A specialized class “is a” specialization of another class and, therefore, has the ISA relationship with the other class. An Employee ISA Person. This relationship is best implemented with inheritance. Employee is derived from Person.

    • 215 views
    • 1 answers
    • 0 votes
  • Scholar Asked on April 26, 2018 in INFORMATION TECHNOLOGY.

    UML refers to Unified Modeling Language. It is a language used to model OO problem spaces and solutions.

    • 222 views
    • 1 answers
    • 0 votes
  • Scholar Asked on April 26, 2018 in INFORMATION TECHNOLOGY.

    Data Encapsulation is also known as data hiding. The most important advantage of encapsulation is that it lets the programmer create an object and then provide an interface to the object that other objects can use to call the methods provided by the object.

    • 215 views
    • 1 answers
    • 0 votes
  • Scholar Asked on April 26, 2018 in INFORMATION TECHNOLOGY.

    When you are designing a generic class to contain or otherwise manage objects of other types, when the format and behavior of those other types are unimportant to their containment or management, and particularly when those other types are unknown (thus the genericity) to the designer of the container or manager class.

    • 188 views
    • 1 answers
    • 0 votes
  • Scholar Asked on April 26, 2018 in COMPUTER ENGINEERING.

    A constructor that has no arguments or one where all the arguments have default argument values

    • 216 views
    • 1 answers
    • 0 votes
  • Scholar Asked on April 25, 2018 in COMPUTER ENGINEERING.

    code has two built-in pitfalls. First, if it executes in a member function for an extern, static, or automatic object, the program will probably crash as soon as the delete statement executes.

    • 207 views
    • 1 answers
    • 0 votes