Categories
Tech

10 EXPLAINER VIDEO SECRETS YOU NEVER KNEW

EXPLAINER VIDEO SECRETS
10 EXPLAINER VIDEO SECRETS YOU NEVER KNEW

EXPLAINER VIDEO

10 EXPLAINER VIDEO SECRETS YOU NEVER KNEW. An explainer video is a short-structure video ordinarily used for publicizing or arrangement purposes that includes an association’s thing, organization, or business thought convincingly and capably. Most associations have explainer accounts on their places of appearance or feature them on the greeting page of their site. Some even use these accounts to advance their thing or organization on Facebook or other online media locales.
A custom explainer video presents another thing or association to anticipated customers. It should a few pivotal requests: What issue is the thing endeavoring to handle, and why might the watcher have to use it?
In 2007, these accounts started procuring noticeable quality when the association Common Craft made one unveiling how to use the new online media stage Twitter.
With its essential representations and direct language, the video acquired right around 10 million viewpoints, and people perceived how they could use Twitter, achieving a considerable number of customers. It presented the hour of the explainer video. Starting now and into the foreseeable future, a large number of associations, everything being equal, and sizes have found that joining a short, persuading video has helped them with developing their picture presence.
Explainer chronicles work splendidly for associations like Twitter, which offer kinds of help that may be hard to portray sensibly and momentarily. Nevertheless, they are moreover useful for any business with a message they should be heard.

HOW IT WORKS?

By handling the data on mind science, Switch Video makes direct, persuading chronicles that increase memory upkeep. Frontal cortex science reveals to us that when utilized viably, video is the ideal mode for giving information since it vitalizes both hear-capable and visual resources.
This two-dimensional pushed toward gives new data a couple of exceptional streets to enter long stretch memory, which grows support of new information. More than 1 billion wonderful customers visit YouTube reliably, which comes out to more than 6 billion hours of video watched on the site each month.

BENEFITS OF EXPLAINER VIDEOS

Why do explainer video administrations work outstandingly? There are a few key reasons:

They are more restricted than most accounts.
They are not hard to serve for your expected vested party.
They spread brand care.
They extremely separate complex musings.

10 EXPLAINER VIDEO SECRETS YOU NEVER KNEW

Explainer videos, those apparent cutout shorts you see springing up everywhere, are unquestionably moving in web-based promoting. All in all, what makes an extraordinary explainer video? Following quite a while of both watching and delivering these, I have thought of a couple of tips on the best way to make the best explainer video.

IT IS ALL ABOUT THE CONTENT

An elegantly composed content is the way into an effective explainer video. It is the establishment whereupon all the other things are assembled. By and large, it assists with having an “untouchable” compose the content. Pick somebody who can investigate your organization and clarify it such that anybody can comprehend.

EFFORTLESSNESS

Straightforwardness goes far, particularly in explainer recordings. Since the mark of the video is to make individuals comprehend, keep the explainer video short, sweet, and forthright. The ideal length of an explainer video is around 60-seconds. This is the place where you can haul the greatest commitment of 77% out of your watchers. After this, the number continues to drop as the more extended a video becomes.

NARRATION

We as a whole love a decent story, correct? So does your crowd. Utilize the specialty of narrating to feature the issues your crowd confronts and persuade them why they need your item or administration. Appeal to the enthusiastic side of your crowd by disclosing to them a story so they can gradually develop their choice.

SHORT AND SIMPLE

As referenced before, keep your explainer recordings quick and painless for the greatest commitment. The general purpose of your explainer video is so it addresses your business and discloses your support of the intended interest group. Maintain a strategic distance from the utilization of language to put on a show of being legitimate and savvy. Keep in mind, you need to teach individuals, not confound them further.

CONNECT TO THE RIGHT AUDIENCE

This is presumably quite possibly the most fundamental fixings that could represent the moment of truth in your business. You burn through a great many dollars on promoting, correct? Would you need to squander that piece of cash on individuals who could not care less? Thusly, your explainer video will hit the correct harmonies with the correct crowd. Not having an intended interest group resembles shooting bolts aimlessly, trusting it will land at the correct objective.

FEELINGS

The best method to recall something is the point at which it has instigated feeling in you, right? Your explainer video ought to have the option to cause individuals to feel things, and think about what, you will control what they feel through your video!

CTA

A CTA is an absolute necessity before all else or toward the finish of your explainer video. Tell the watcher plainly what you need, so they follow the heading you give them. This is a magnificent method of moving the traffic to your site or another page you need. Along these lines, you are creating new leads!

SET THE PACE WITH MUSIC

It is astonishing what a tune can do. Like the video, music can summon a wide range of feelings, and it can establish the pace and speed of your explainer.

VISUALS

Visuals are significant, the key is utilizing visuals that help outline the story. You are not hoping to make the following Avatar. Truth be told, a lot of detail and whizbang special visualizations can divert from the message.

VOICE OVER

A good quality voice-over is also huge. There should be no establishment uproar and it is ideal to utilize a neighborhood speaker. Experts say numerous people will watch chronicles with horrendous video quality… But none will watch a video with a terrible sound.

Categories
Health

March is Save Your Vision Month

Save Your Vision

If you haven’t had an eye exam in a while, here’s an important statistic you should know: One out of five Americans has had a non-eye-related health issue that was first detected by an optometrist. In fact, a dilated eye exam can do more than assess the health of your eyes. It can also show early signs of high blood pressure, immune diseases and other illnesses.

Thanks to the backing from the American Optometric Association, March has been designated as ‘Save Your Vision Month,’ reminding us that vision care is important to overall health.

Tips to Save Your Vision

Most people get glasses or contacts to correct their vision, but few think about steps to maintain their eyesight for life. Here are a few tips to save your vision.

Book an Eye Exam

Even if you have 20/20 vision, the Centers for Disease Control and Prevention (CDC) recommends getting an eye exam. This includes dilating your pupils to let in more light. The process gives the doctor a clear view of the back of your eye. A dilated exam also gives insight into your overall health. For example, in 2019, optometrists identified signs of diabetes in nearly 360,000 patients who didn’t know they had it.

Some eye problems that impair vision are linked to age. Experts recommend that adults who are over 65 have exams every one to two years.

Check Your Vision Coverage

Regular eye exams and corrective lenses are not covered by medical insurance. For routine checkups, glasses and contact lenses, you’ll want to consider vision insurance, which is relatively inexpensive and purchased separately from regular health insurance.

If you are 65 or older, you won’t have vision coverage with Medicare Part A and B. However, Medicare Advantage plans often bundle health coverage to include vision and dental insurance. Each plan is different, so check yours to be sure, and always feel free to reach out to a licensed health insurance agent who can help walk you through options and costs.

You GottaWear Shades

In addition to being a fashion accessory, sunglasses help block ultraviolet rays and protect the delicate skin around the eye from wrinkles and skin cancer. It’s recommended to get glasses that block 100 percent of UV-A and UV-B rays. Also, remember to wear sunglasses while driving to block glare.

Get Goggles

Most work and sports-related eye injuries can be prevented with safety eyewear. If you’re working with tools like sanders or grinders, wear safety glasses. Sports goggles are beneficial for games like baseball, soccer and lacrosse.

Kick the Habit

Smoking increases the risk of glaucoma, cataracts, and other issues that can lead to blindness. The good news is people who quit greatly reduce the risk of these conditions.

Eat Your Vegetables

Like the rest of your body, the eyes benefit from a healthy diet. The nutrients in dark leafy greens, fruits and vegetables help protect your vision. Additionally, include fish like salmon and tuna in your diet. Both are rich in omega-3 fatty acids, which can help reduce the risk of age-related eye disease.

Look Away

Staring at electronic screens for hours on end causes fatigue. To reduce eye strain, follow the 20-20-20 rule: Every 20 minutes look up and focus on something at least 20 feet away for 20 seconds.

Take a Walk

Exercise helps the eyes in several ways. It improves chronic conditions like high blood pressure and diabetes that are linked to eye disease. Just as working out lowers your blood pressure, it also reduces eye pressure which lowers the risk of glaucoma. Taking a brisk walk three or four times a week can decrease the probability of age-related macular degeneration by 70 percent. That is a condition where spots form in the field of vision, blocking sight.

Clean Your Contacts

The CDC estimates that up to 90 percent of contact lens wearers do not follow proper care instructions. To reduce the risk of eye infection, avoid sleeping in your contacts. Always wash your hands with soap and water before handling your lenses. Water can introduce germs to the eyes through the contacts so remove them before showering or swimming. Don’t use saliva to clean your lenses. Instead, carry a small bottle of contact lens disinfecting solution with you.

Know Your History

Many eye diseases are hereditary. For example, having a family member with glaucoma makes you four to nine times more likely to develop it, according to the American Academy of Ophthalmology. Find out if you are at risk for eye disease by learning your family’s history. If you think you are high-risk, schedule an eye appointment and let your ophthalmologist know.

Pay Attention to Warning Signs

If you notice changes in your vision, see your eye doctor right away. Be alert for trouble signs like floaters, double vision or difficulty seeing in low light. Eye pain, blind spots, flashes of light or red eyes are symptoms of potentially serious problems that call for immediate attention.

Are You Saving Your Vision?

By following these tips and practices, you can not only keep your eyes healthier, but your overall health too!

Categories
Lifestyle

First gift ideas that will make your new bride super happy

gift make bride happy

First gift ideas that will make your new bride super happy. As you begin your matrimonial life with your wife, make the smile on her face a little wider by surprising her with a gift. She may or may not expect it. But wouldn’t it be a great idea? It would be the first gift you would be giving her as husband and wife. So, make it special.

Need some ideas? Here’s a list just for you.

  1. Photo book

Create your own fairy tale with a photo book. Take pictures of your experiences and memories together and add cute captions to them. After a few years, it will be wonderful to look back at your own story.

  1. Spa vouchers

Pamper her with  luxurious spa experiences. It will put her in relaxation mode, something that she would definitely need after a hectic wedding.

  1. Monogrammed wine glasses 

Enjoying wine on intimate occasions can be further enhanced with monogrammed wine glasses. You could have your secret names for each other monogrammed on the glasses – something that will remain only between the two of you.

  1. Polaroid

This is a great way to fill up your fridge door with memories clicked right away. A cute little thing that can help your wife to capture all the moments she thinks is worth remembering.

  1. Indoor garden 

Flowers are passé. Now is the era of gifting an entire garden of flowers. If gardening interests your wife then you can gift her gardening tools to grow her own flowers. The both of you can see it bloom right before your eyes.

  1. Mobile charging stone

The advancement of technology has paved the way for some really cool gadgets. For instance, the mobile charging stone is wireless and does not create a mess of wires on your table. It is a great gift for your wife. She can even use it at her workplace to make sure her phone is always charged and she is digitally connected with you.

  1. Silk pillow covers

Here is a real thoughtful gift you can give your better half – silk pillow covers. Unlike cotton pillowcases, silk ones will retain the hydration on her skin and make it feel smoother. Her hair will remain frizz-free too. Imagine what that out-of-bed look will look like with these amazing pillowcases.

  1. Jewellery box 

You can never go wrong with this one. There are many shapes and sizes of jewellery boxes. See the kind of jewellery she owns and buy one for her.

  1. Voice controlled assistant

Why should you gift an assistant? Alexa or Google home can create her favourite playlists, give her weather reports and the news, and also act as a reminder of things even you may forget to tell her in the future.

  1. Cappuccino machine

This is the best gift you can give a coffee lover. They love their coffee. So, if you know your wife is one, she will be thankful to you as long as this machine exists. Think about it. That is a long time. Besides, a happy wife equals happy life.

No matter what you gift your bride, she is sure to treasure it. After all, a thoughtful gesture is all about showing how important she is to you. Take up these unique gift ideas and make them yours by all means. They can help you start a blissful matrimony journey on the right note.

 

Categories
Finance

Do You Believe Any of These 4 Personal Loan Myths?

4 Personal Loan Myths

Do You Believe Any of These 4 Personal Loan Myths? Many times, oft-repeated myths assume the status of facts. As these myths gain traction, a lot of people unsuspectingly lap them up. When we are being drowned in so abundant information, it’s not uncommon for myths to pass off as absolute truth. It’s crucial to debunk these myths timely so that people get accurate information and are not misled. We all require personal loans for a lot of purposes, ranging from home-repair, purchases or taking care of financial affairs. Whatever maybe one’s requirements, financial loans have become a go to option for most people. While seeking personal loan has become easier than ever, there are still a few myths that persist and misinform people. Believing in myths may deter them from going for personal loans and look for another alternative that may not be as safe as reliable. Here are 4 most common personal loan myths that people fall for:-

1) Personal loans are unusually expensive

This is one of the most widespread myths about personal loans. The truth is that with a vast number of lenders in the market, the interest rates are competitive and subject to factors like your income, past repayment history, CIBIL score and relationship with the bank. With a steady source of income and a good track record of settling previous dues, there are high chances of a loan sanctioned at a comparatively low interest rate. Long association with the bank where you have applied for loan, also plays a role when it comes to interest rates. Those with a CIBIL score more than 750 can easily get a higher loan amount approved at a competitive interest rate. While those with a score between 700-749 are likely to get the loan, but not other benefits and a lucrative interest rate. That’s why maintaining a good CIBIL score helps in the long run. The interest rate that’s levied on personal loan granted to trusted customers with high CIBIL score can even be lower than the interest on a car loan.

2) Personal loans only for those with superb credit score

This again, is not true at all and is a myth that’s routinely circulated. While those with excellent credit scores are entitled to relatively lower interest rates and higher borrowing limits, it doesn’t mean that others are barred from seeking personal loan. Those with a low or average credit score, will be eligible to seek a loan but at a higher interest rate. In case of those who are looking for refinancing other loans, the deal could turn out to be worth it. For example, if there are already multiple ongoing loans against a person at a relatively high rate of interest, then the personal loan that he seeks for help with repayment of the others, may offer more benefits. Lenders don’t prohibit borrowers with low credit ratings, just that they are expected to shell higher interest rates. Personal loan eligibility doesn’t necessarily depend on CIBIL score. 

3) Seeking a personal loan is a complex process

Complexity is something that depends on how we approach a particular issue. When it comes to personal loans, if basic steps are followed then it’s not at all complex and daunting as it’s made out to be. While applying for personal loans, it’s recommended to get a fair idea of prominent lenders that are willing to grant you the amount and then compare the interest rates, processing fees, other benefits, terms of repayment and decide based on what looks best to you. It’s advised to collect all documents like income statement, account number etc before applying for a personal loan. 

4) More than one personal loan isn’t permitted

There’s no limit on the number of personal loans, if you have the requisite income to repay the loans. Personal loan eligibility mainly hinges on  income of the applicant and track record. People applying for multiple personal loans is not at all uncommon. People do require another personal loan while one is ongoing when either they don’t have the bulk sum or they don’t want to be under undue burden by parting with a huge sum at once. Based on changing priorities at different stages in life, the need for multiple personal loans arise. When it comes to loan for women, there may be other benefits. 

Conclusion: People apply for personal loans for a wide variety of reasons. But it’s not at all difficult to apply for it, nor is it that only those with exceptionally good credit scores are granted personal loan. If you are looking to apply for a personal loan, Finserv MARKETS has attractive offers and competitive interest rates.

 

 

 

Categories
Lifestyle

How to Get Fitted for Wedding Bands while Staying at Home

Wedding Bands Staying Home

How to Get Fitted for Wedding Bands while Staying at Home. The year 2020 has put a lot of plans to a halt with the limited number of chances to go outside in a crowded place. With all of these in mind, weddings became more intimate through Micro Weddings and a lot faster in processing.

Unable to go outside to personally arrange wedding shenanigans, it is inevitable that to be wed couples would find a way to do it at home. One of these is to have the wedding bands delivered right at their doorstep. Here’s how to get fitted for wedding bands while staying at home:

  1. Paper Method

There are two options to know the sizes of your wedding bands without the need to go to your local ring shop. One of these is printing a ring sizer; through this method the inside diameter of the ring is being deduced. Print a ring size chart and make sure to select Scale 100 on the print options to achieve the actual size. Cut it out and open the slot where marked. Slip the tip of the ring sizer through the slot and place it onto the ring finger. Carefully pull the ring sizer to read the finger size.

  1. String Method

This type of fitting method gives a flat measurement tool to be used with a plain piece of string. In order to get started, print a ring size chart and scale it to 100 for an actual size dimension. Wrap the plain piece of string around the ring finger and cut it until the end overlaps the other. Line the string with the ring size guide and the best match is your perfect fit. If the size is between a smaller and a larger feature, always choose the latter.

How to Achieve the Perfect Wedding Band Fit

Getting fitted for wedding bands at home may seem tricky and inaccurate due to having no professional personnel involved; therefore, it is best to measure twice using both methods to ensure that the band achieves a snug fit manner.

  • Always go for a snug fit. When it comes to once-in-a-lifetime diamonds, it should be well taken care of. This is why snug fit bands should be the considered standard when getting fitted at home. A ring that has the right fit decreases the chances of the jewelry to be lost somewhere down the drain or in all circumstances.
  • Keep track of the seasons. Anatomically, our limbs adapt in what climate a country or city experiences. When getting fitted for a band, keep in mind what season you are fitting the ring and what season the wedding is about to happen. Swollen fingers usually occur during tropical seasons while it is the thinnest in winter.
  • The width matters. Jewelers say, “The wider the band, the tighter it will fit.” In order to achieve a snug fit ring, opt for ring sizes that have wider styles. It is usually recommended going up .25 to .5 size when getting fitted for a wedding band.
  • Go big or go home. Some to be wed couples often second guess their wedding bandwhen there are two potential sizes – smaller and larger. Jewelers would suggest going big when faced by this kind of dilemma. You can also consult online or via phone call for professional help.

Diamonds are known for being the main highlight to anything it is placed onto. This is why when getting fitted for wedding bands, one must consider the diamonds, whether it is the center or the accent stones. With the right ring size, diamonds become more emphasized and admired.

Categories
Game

How to Create an Escape Game

How Create Escape Game

How to Create an Escape Game. Escape games are incredibly successful. Each month, new rooms open their doors around the world and offer their visitors a unique and captivating experience. There are multiple escape rooms you can try out. Paranoia Quest is an escape room near me with the best obstacle games. Creating an escape game is a real adventure. If you want to get started on this project, here are all our tips to get it done.

Create an Escape Game: Thinking About Your Project Is Essential

Playing an escape game is like leading an obstacle course. You must think of everything: the administrative side, the concept of your escape game, the games you want to offer. But first, you must think about your project: its location, choice of games.

To start your escape game, it is best to choose a city where no escape game is offered. This will have a real impact on the inhabitants who will have only one desire: to discover your project.

Then the choice of local. The latter must be in accordance with the number of rooms you wish to create (for escapes games of 3 to 5 people, do not choose surfaces of less than 30 m²). Also, opt for an atypical place. No need to have a showcase because your project will be known mainly through word of mouth. To avoid mistakes, it is preferable to call on an architect who can accompany you and advise you on the layout of the rooms.

Once your room has been found and you have the layout of your rooms in mind, you can move on to the second step, i.e., setting up your future escape games. The development of your games must follow different phases, do not miss any! Do not hesitate to create atmospheres like horror escapes games that play to the full on the anguish map.

Play an Escape Game: The Importance of Choosing the Right Games

To play an escape game, the importance is to stand out. To do this, find out about the escape games offered by escape game brands. This will help you know which path not to take unless you come up with something totally different. Remember, gamers love to have a choice!

For your games, think about the end, which must be satisfactory for the players (whether they win or lose). For example, a debriefing at the end of the game can be a good idea to enlighten them on what they missed during their match.

Once your idea is well in mind, it’s time to implement it. In particular, you will have to think about the mechanisms of your games (detectors, electromagnets, etc.). If you are not an electronics expert, do not hesitate to contact a specialized company to help and support you.

Your escape room rooms should also be decorated to fully immerse the players for 60 minutes. The decors should therefore not be chosen at random. They must be spellbinding and must immerse each player in a parallel and unusual world. If you need help, contact a decorator to guide you.

The last step is to set your prices for an escape game. The latter must remain competitive. If you want to create an escape game, you now have all the essential information in your hands. Remember that an escape game must transport players to a parallel universe and provide them with a sensational experience. You have to make them want to book and come back! You can read different guides that will give you an idea of how to go about the whole process. Take your time to create the best escape game.

Categories
Business

Types of insurances when hiring a removal business in the UK

Types insurances removal business

Types of insurances when hiring a removal business in the UK. You get exhilarated when about to move your house. No doubt it is an exciting moment but at the same time, you get worried about moving tragedies. Unfortunately, if your belongings are damaged or scratched or lost then who will be responsible for this and how can you get payback for this. 

When you are hiring a removal business you must know about its insurance policies.

Types of insurances you can get:

Most of the removal businesses are offering the following types of insurance:

  • Public liability insurance

While working as a removal business, their employees may interact with the public in different ways. During their work they may unintentionally and unfortunately cause damages or accidents. Public risk insurance or public liability insurance deals with bodily injury, property damage, or death in such situations covering minor and major accidents that may occur.

  • Personal injury

Within Public liability insurance the personal injury insurance specifically covers bodily injury, if somebody gets injured, the company will bear the expenses of treatment. It will help financially for buying medicines, the cost of visiting doctors and hiring equipment, etc. 

  • Property damage

Property is one of the most common things which can be damaged during a move. It is important to protect the properties on an individual level or business level.  While moving if property damage occurs to the public it is covered as part of the public liability insurance. However if it happens to the client when they hire a moving company it may also be covered under the Transport of Goods insurance

  • Transport of goods insurance 

During the transportation of goods from one point to another if any damage occurs it should be covered under the transport of goods insurance, this is one of the most important insurances that a home move company should have as it will cover any property damage during the transit of goods.

  • Furniture insurance

On the insurance market there is a form of insurance called furniture insurance which will cover the life time usage wear and tear of your furniture you should make sure that moving your furniture will not breach your insurance terms.

  • Cargo insurance

Cargo insurance is a type of transport insurance including the process of loading the products which rely on the value, route, and expiry time of the products. It provides insurance coverage for all sorts of materials used in transportation; this type of insurance should be considered when you are moving items abroad outside of the UK.

  • Land insurance

This type of insurance provides protection for liability against accidents which may happen on your land, it can include things such as slips and falls within the boundary of the land.

  • Marine insurance

Although not typical insurance you may encounter, marine insurance is a must for ship owners, it will cover the vessel against damage to items onboard a vessel and liabilities where cargo goods are lost or damage. This type of insurance is usually mandatory for ship owners; however it is good to know how you will be covered if a leg of your journey requires a ship.

Categories
Finance

All You Need To Know About CIBIL Score For Getting a Bike Loan

CIBIL Score For Getting a Bike Loan

If you’re looking to get yourself a two wheeler loan to buy yourself a bike, there are certain key things that you should take into consideration. Two wheeler loan interest rates and two wheeler loan eligibility criteria are two of them. In addition to these two, there’s also another one – your CIBIL score. 

As a matter of fact, your CIBIL score also plays a major role when it comes to availing a two wheeler loan. Now, if you’re wondering what this score is, here’s everything that you need to know.

What is the CIBIL score?  

The CIBIL score is essentially a three-digit numerical number that gives lenders like banks and financial institutions a preview of your credit worthiness. This is primarily why the CIBIL score is also referred to by many as the credit score. The higher the CIBIL score, the better your chances of getting a loan approved are. The score starts at 300, which is the lowest, and goes all the way up to 900, which is the highest.

What is the CIBIL score used for? 

As you’ve already seen above, the three-digit CIBIL score is used by financial institutions to determine your two wheeler loan eligibility. If your rating is found to be low, lenders might not approve your loan application. On the other hand, a high rating is more favorable since lenders would be far more willing to grant you a loan. 

What is the ideal CIBIL score for getting a bike loan?

The ideal CIBIL score for getting a bike loan tends to vary with the lender. While many lenders don’t offer loans to individuals whose score is below 750, others might be willing to offer individuals whose score is in the low 600s. But, if you wish to maximize your chances of getting a loan, it is always a good idea to have a credit score of 750 or above. 

Is it possible to improve your CIBIL score?

Of course. There are plenty of different ways to improve your score. Here’s a quick look at some of them. 

  1. Pay all of your loan obligations like your loan EMIs and your credit card bills on time before the due date. 
  2. Don’t just stick to paying the minimum amount due on your credit card, pay the entire statement amount.
  3. Keep your loan enquiries and applications to a minimum. A high number of hard inquiries into your credit score can lower it. 
  4. Refrain from utilizing your credit cards to their absolute maximum limit. 

Conclusion 

Now that you know how important the CIBIL score is when it comes to getting a two wheeler loan, always ensure that you keep it well above the 750 mark. This way, your chances of getting your loan application approved increases multifold.  

Categories
Business Finance

Are There Any Tax Benefits on Business Loans in India?

Tax Benefits on Business Loans

Are There Any Tax Benefits on Business Loans in India. A business loan in India comes with various tax exemptions and benefits under the Income Tax Act, 1961. Entrepreneurs who have secured any form of business credit can enjoy tax benefits and reduce the overall tax burden favourably. 

When a business services a loan, they repay the loan amount in monthly instalments or EMIs, which comprise of two main components. And are usually decided by the lender based on the creditworthiness of the borrower. 

EMI amount = Principal component + Interest component

Under the ITA, however, only the interest component of the EMI amount will be deducted as tax, not the principal bit. 

Moreover, to avail the business loan tax benefits, the total business income or revenue should not include any expenditure on –

  • Employee bonus
  • Office space rent
  • Office supply
  • Maintenance cost
  • Staff salary
  • Business advertisements

Taxable income

Any sum of money used to service the business debt does not comprise the total revenue, income, or profit for the company. And consequently, not included in the total taxable income of a business.

Gross or the total income of a business, typically constitutes the amount used to pay the interest on a loan. Because the company pays the interest amount over and above the borrowed amount; the expenditure is included in the total taxable income.

Further, borrowers only need to pay tax on the net business income earned in a financial year. As a result, the principal component, which does not comprise the total revenue earned by the business, is usually excluded from the total taxable income. 

Tax calculation

Any business entity can calculate the taxable income with the formula below:

Taxable income = Gross revenue/income – tax-deductible business expenses

Borrowers can write off any payment made towards the interest cost as a business expense and avail the tax exemptions. Mainly because the interest amount on the EMI is essentially the extra money you spend to avail the credit facility from a lender. So, the amount is taxable. 

Company owners can, therefore, use a business loan EMI calculator to compute the tax liability on the availed loan, for both fixed and variable interest rates. They need to subtract the fixed principal component from the total EMI amount to calculate the interest component, which will constitute the total taxable income. 

Businesses should also maintain updated, accurate records of the loan to ensure they can furnish essential documents and claim the tax benefits conveniently. 

Key takeaways 

  • All forms of business loans are tax-deductible under the Income Tax Act, 1961
  • Tax exemption only available on the interest component of the EMI amount 
  • Tax benefits on business loans can lower the overall tax burden
  • Tax exemptions are not available on the entire EMI amount
  • The principal component of the EMI amount is excluded from the taxable income
Categories
Entertainment

Must have accessories while Going on a Trek to Snowy Mountains

Must have accessories while Going on a Trek to Snowy Mountains

There’s one amazing way to escape from the monotony of life. A vacation, of course. With travel loan or personal loans easy to avail, it’s not much of a challenge to fund your vacation. And if you’re looking for ideas, a trek to the snowy mountainside may be something to consider.

If you like this idea, keep in mind that it’s necessary to take certain essential accessories along with you. Here’s a brief list of things that you must have on you before starting your trek.

1. Thermal wear

Thermal wear is typically worn as a base layer underneath your clothing. It is a tight-fitting piece of clothing that clings to the body and helps keep your body warm and insulated from the cold. Since it is the base layer, you are also required to wear a set of regular winter clothes on top of the thermal wear.

2. Waterproof jacket, pants, and gloves

Regular winter clothing is generally not waterproof. And so, it is essential to wear a waterproof and insulated jacket and pants as the outermost layer. This will help prevent the seepage of water into your clothing and keep you warm and dry. Also, a strong pair of insulated and waterproof gloves are also mandatory to prevent frostbite.

3. Insulated hiking boots

A good grippy pair of hiking boots that’s insulated and also waterproof is another very important accessory that you should carry. Considering the fact that you would be trekking up slippery and icy mountains, it is essential to take a pair of studded boots that offer good grip on both land and snow.

4. Portable water purifier

In addition to carrying water bottles, you should also take a portable water purifier along with you when going on a trek. They’re handy, very cost effective, and allow you to drink water from rivers and streams without the fear of contracting infections and diseases.

5. A head lamp

Navigating the mountains in the dark is near impossible without a source of light. And so, carry a strong but light head lamp along with you. Since it is mounted on your head, you can keep your hands free at all times.

6. Sunscreen lotion

The rays of the sun tend to be much more damaging when you’re at high altitudes. And so, a sunscreen lotion with a high enough SPF rating is crucial to protect your skin from the effect of harmful UV rays.

7. A multi-purpose swiss knife

A swiss knife is a handy pocket-sized tool that can help you in more ways than one. Featuring multiple tools, it can be used to cut fruits, wires, ropes, wood, and even open cans.

Conclusion

If you feel that these must-have accessories might cause a dent in your pocket, you could always avail a personal loan to fund these purchases. That said, as always, ensure that you check the personal loan interest rates and the personal loan eligibility criteria before applying for one.

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Difference between Home Insurance vs. Home Loan Insurance

Home Insurance Home Loan Insurance

Difference between Home Insurance vs. Home Loan Insurance. We all love insurance. After all, they offer assurance of safety against the unpredictable events of life. However, sometimes, insurance policies can sound the same, be completely different, and cause much confusion. Two such policies are home insurance and home loan insurance. Let’s find out the differences.

Understanding each of the two terms

Just like its name suggests, a home insurance protects your home and your other belongings that are stored within its four walls. Say, for instance, you suffer damage to your property and end up losing appliances and furniture due to an unfortunate event; you can claim your home insurance money to cover losses incurred in the process. Now, the extent of the coverage will depend upon your policy. On average, most home insurance policies cover damage suffered due to hail, fire, thunderstorm, and theft. Besides losses incurred, costs associated with maintenance and repairs such as that of wall fixtures, garages, etc. are also covered.

Another name for a Home Loan Protection Plan (HLPP), a home loan insurance, again as its name suggests, offers protection on the housing loan availed for the purpose of home purchase. Under such a policy, the insurance provider promises to settle any outstanding loan amount in case the borrower is unable to repay it or dies suddenly. This policy assures the housing loan borrower that his family will not be evicted due to failure to repay the loan.

Spotting the differences

Yes, both are insurances; yes, both sound similar, but one will not serve the purpose of the other! Given their difference of nature, a home insurance will offer you no respite if you start defaulting on the EMI payments of your housing loan. Similarly, a housing loan insurance will not come to your rescue if your home suffers theft damage or gets burned down. Therefore, you need to choose a policy wisely.

Which of the two is better?

Now, despite both being a highly useful policy, which one is better for you will depend upon whether you’re currently repaying a home loan or not. If yes, then taking a housing loan insurance is extremely crucial, especially if your income is unstable. This not only makes the lending less risky for the lender, but it also assures you of proper coverage should you be unable to repay the full amount in the future.

However, even while you’re repaying your housing loan, taking home insurance can also be beneficial as it is a useful policy that protects your home from unforeseen events. And since such events happen without prior notice, you never really know when you may stand in need of funds. Who wants to lose the precious property they worked so hard to possess!

Are you among those just starting out with a housing loan? Then, be sure to choose a lender wisely – compare home loan interest rates, check your eligibility, gather all proper documentation, and only then apply online.

Also, don’t forget to check your affordability by using a simple online tool such as the home loan EMI calculator. Getting a housing loan insurance is good, but planning ahead and ensuring a smooth repayment experience is better!

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