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Should You Opt For A Fixed Rate Or A Floating Rate On A Personal Loan?

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Floating Rate On A Personal Loan

Borrowers can select between two types of interest rates – fixed and floating interest rates while applying for a personal loan. Due to the unsecured nature of personal loans, lending institutions usually charge a high interest rate against it, which increases the overall monthly instalment amount payable. 

The kind of interest rate one opts for, in this regard, also has a significant impact on the EMI outgo. Therefore, applicants need to have a comprehensive idea regarding fixed vs floating interest rates to make an informed decision regarding the rate-type to opt for.

What is a fixed rate of interest?

In case of a fixed interest rate, borrowers pay interest at the same rate throughout the repayment period. One of the main advantages of fixed interest rates is that the rate is not affected by any changes in the market. Thus, for a fixed personal loan interest rate, borrowers can calculate the monthly instalment amount beforehand and set up a repayment plan that fits their budget.

Nevertheless, applicants comparing fixed vs floating interest rates should also keep in mind that the former is generally 2% to 3% higher compared to floating interest rates. One can consider availing personal loan against fixed interest rates if he/she is unwilling to undertake the risk of the interest rates rising during the loan tenure.

What is a floating rate of interest?

Floating interest rates are linked to either an internal or external benchmark rate and vary accordingly. This type of interest rate has two main components – index and spread. The index or benchmark rate is usually determined by the central financial institution, below which lending institutions cannot lend to individuals. Spread, on the other hand, is a margin determined by lenders based on a borrowers’ risk profile. 

The Reserve Bank of India has mandated that all floating interest rates for personal loans provided by financial institutions and NBFCs after 1st October 2019 be linked with an external benchmark rate such as repo rate, 3 months and 6months treasury bills published by FBIL or any other valid rate.

Some of the advantages of the floating interest rate are as follows – 

  • According to RBI, the floating interest rate will also be revised every three months. Therefore, borrowers can quickly benefit from any revision in market rates.
  • When the benchmark rate is reduced, floating interest rates will also come down. Thus, borrowers will be able to save a substantial amount on interest payment when they opt for a variable rate.

Personal Loan EMI calculator

Besides making a fixed vs floating interest rates comparison, borrowers should also make use of online tools like personal loan EMI calculators, offered by most leading financial institutions and NBFCs like Bajaj Finserv, to understand their repayment liability. With this tool, they will be able to compute their EMI based on the loan amount, repayment tenure and applicable interest rate. Apart from monthly instalment amount, the calculator will also display total interest and total amount payable to the lender.

Besides Loan EMI calculators, the NBFCalso provides pre-approved offers on unsecured financial products such as personal loans, credit cards, business loans and so on. Such offers accelerate the loan application procedure and eliminate the hassles involved. One can quickly check their pre-approved offer on a personal loan by entering nominal details like their name and contact number.

It should also be noted that regardless of the type, the interest rate will vary for each borrower. It is because there are several factors affecting personal loan interest rate such as CIBIL score, repayment capacity, income, employment credentials, personal loan eligibility criteria etc.

Consequently, there are several steps that borrowers can adopt to reduce their interest rates, such as lowering their debt to income ratio, maintaining a high CIBIL score for personal loan and clean repayment history. Applicants who are on good terms with their lending institution can also try to negotiate with their lender for a reduced interest rate.

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Armed Security Los Angeles

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Armed Security In Los Angeles

There are a number of security companies that are providing security services. All the experienced companies hire the best armed security Los Angeles. Not only this the companies that hire a new person as security guards train them well that they become experts in providing security services. All the security guards are having certificates thus you can easily trust them. Moreover, the armed guards are having real-life experience in protection and crime prevention situations. Thus the security companies constantly train and update their extremely proficient armed security and their entire staff. Making sure that the guards are able to handle any kind of issues within minutes. Thus there is no need to call the police in case of any emergency situation. Well, there are many reasons for hiring armed securities that you must know.

Property protection:

Los Angeles property values are among the highest in the nation as well as their business is thriving. In short, this means that the property within the commercial area is worth protecting. The person that is having a property in a commercial place should make sure that it is safe and for this purpose, all you need is to hire security guards. Hiring armed security guards to help you in preventing theft, vandalism, and other kinds of property destruction activities. Hence it is up to you whether you want to protect your commercial property or not.

Event security:

Whether it is a normal party, concert, or an event there must be a huge crowd of people gathered. Thus in those places, there is always a high risk of any kind of mishap that happened. Whether a small or a big issue can disturb your whole event such as a little bit fight can change the circumstances. Thus whenever you are going to organize any kind of party all you need to make sure that you hire security companies. They will handle every kind of issue that happened within the party. Moreover this in the presence of armed security guards, people feel more comfortable and enjoy the party. Armed security protects the crowd of the people and also protect the property so that things do not get out of hand.

VIP security:

As Los Angeles is so close to California which is considered the best place to visit. Thus the VIP security is a serious issue throughout the nation. Thus skilled and trained armed security guards are hired to protect the VIP persons. All the businessmen and other persons make sure that they hire armed security guards to protect them and their property. Thus there is a high need for armed security guards in Los Angeles.

Most of the people that are having any kind of threat also hire armed security guards to make sure that they are protected and no one can harm them.

Offer additional support:

Moreover, armed security guards in Los Angeles are friendly in nature. Not only in events these guards are also hired in malls and other places to help as well as protect people. So that if a person forgets the way in the mall and get lost they will help them. Also, they make sure they can easily get to the point they want as in Los Angeles there are many tourists so that there might be a chance that they forget the way. Also, the presence of the guards makes another person feel relax and enjoy the place where they are. Moreover, people did not get afraid of getting their things lost as the presence of the guard does not lead any person to do wrong activities. So that the armed guards also provide these kinds of feasibilities in Los Angeles.

Read Also : Unarmed Security Guard Near Me

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Unarmed Security Guard Near Me

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Unarmed Security Guard Near Me

The world in which you live consists of millions of people and not everyone has good intentions for you. So, you should make yourself stay aware of these dangers. Many times, people want to steal things from you and in return will cause harm to you. You should definitely take several measures to stay protected from these kinds of thefts and situations. In these circumstances, you will definitely hire an unarmed security guard near me, so that he will provide you the full-proof security whenever you want him.

When you are surrounded by a security person, then it gives a peace of mind and you will feel safe and secure. When a security guard is there to provide you the security, then it has also an effective means for your work. Many of the companies provide security services and they have trained professionals that will serve you with their services. Most of the time, you cannot look into the situation from that perspective through which a security guard can look into it. The security guard has given specific pieces of training that are related to how you can protect the people and their belongings in any critical situation.

These security services are professional and will definitely benefit you the most when you will hire them. As the company has experienced professionals in the field and they know how to give their best in providing you their services.

If you want to know more about an unarmed security guard near me, then you are in the right article. Here, you will know much more about the security guards and the advantages you will get when you hire them:

Advantages of Hiring a Security Guard:

There are several benefits that you will get when you hire an unarmed security guard near me and these are as follows:

  • Help Deter Crimes at a Workplace
  • Provide a Sense of Heightened Security
  • Improved Customer Service
  • Handling Security Issues in an Efficient Manner
  • Providing a Quick Response Time
  • Lower Risk of Misusing the Weapon
  • Qualifications
  • Positive Vibes

Help Deter Crimes at a Workplace:

When you hire a security guard then it will help you out in deter crimes at a workplace. A professional security guard will protect your facility. They know how to reduce the risks of vandalism, thefts, and assaults. They have been given special training by the company to detect any unusual and suspicious activity.

Provide a Sense of Heightened Security:

You will get increased security if you are hiring a security guard for your business that is for the protection of the business owners, employees, and customers. Your employee will feel safe when they will work in a safe and protected environment. It is a natural thing that when you are surrounded by security, then you will work more productively.

Efficiently handling Security Issues:

In any criminal or unlawful situation, the first line for your defense and protection will always be the security guard that you hire for yourself. They possess the skills and knowledge about security and many other things. They are given training in handling different situations. The security guards will inspect the area more carefully if they are suspicious about something.

Provide a Quick Time Response:

Their response time is so quick if any unusual situation arises that you may never go wrong when you hire the security guard services.

Lowers the Risk of Misusing a Weapon:

When you hire an unarmed security guard, then it will definitely lower the risk of misusing the weapon. Many times when security guards have weapons, they will make misuse the weapon. United Guard Security provides the efficient and skilled unarmed security guard near me.

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How To Make Custom Box Printing More Appealing?

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Custom Box Printing

Can you tell some of the ways through which you can make your custom box printing more appealing? If you cannot, the following efficacious guide will help you in this regard. We are living in an era that is becoming technologically advanced with each passing day. By utilizing the technology, some new and creative ideas can be derived daily to make your business stand apart in the competitive industry. 

Every company desiring to expand the reach of their business can make their imaginations come true. All they have to do is to design pleasant and attractive custom boxes for their products. For this, they need to pay heed to the custom box printing and make it more appealing to the eyes of the customers. There are plenty of ideas regarding the improvement of custom packaging printing, some of which are discussed in the guide below.

ATTRACTIVE VISUAL GRAPHICS

The cardboard boxes can be made visually more appealing by incorporating some visual artwork on their surface. Introducing the visual graphics is a new and creative innovation that will make your cardboard packaging look classy more than ever. They rightly say that a picture can speak a thousand words since one single image for a positive impact on the clients than thousands of words. Be creative with the artwork you are printing on the surface of custom packaging. It should be such that it describes the inside objects as well as relate to the target audience. Such type of artwork will allure the customers and compel them to make purchasing from you. Therefore, if you wish to present your objects in a mesmerizing manner and creative way, it is recommended to utilize this inspirational strategy.

ADOPT MINIMALISM

The life of box manufacturers is full of difficulties. One day, they might be ready to spend a large sum of money on printing their cardboard packaging. While the other day, they might be thinking of changing their strategy to save a penny or two. Changing your design, repeatedly, can cause a great loss to your business because the customers do not like to buy from the brands, which keep changing their packaging design. If you were a new business, it would be wise to keep your design simple from the start. It will not only save you cost but generate more sales for you. Every second company in the retail market is raising its designing game with bold and loud color themes and patterns. The people do not like the bold themes as they have become accustomed to them. The simple and minimalist cardboard packaging design will work best for you.

COLORFUL THEME

Color might seem common but are quite effective in presenting your custom packaging appealingly. If you have a business and want the consumer market to know about it, select the things, which are related to your brand only. Select a unique logo and brand name and choose an appropriate color theme that relates to your brand theme. Now, this color theme will make your custom boxes attractive and reinforce your brand identity. The customers will start talking about you and telling others about your brand and products just because of the colour theme, you have put on your custom packaging. This ambient color theme can even be incorporated in your interior packagings, such as in your inserts or tissue papers.

THINK ABOUT TYPOGRAPHY

The typography, which is the visual component of your printed text, must look great on your custom cardboard box. Only the relevant and important text should be printed, and the remaining one should be omitted. The color of the text must match the overall design of your box. If the clients face any difficulty in reading the printed text, they will not take even a moment to switch to other rival brands. To avoid this kind of scenario, the font size and style should be appropriate. Choose informative and artistic font styles like handwritten, script, or sans serif, etc., which are easy on the eyes to read.

INFORM THE CLIENTS

The customers read the information printed on the custom boxes first and then decide whether to buy a product or not. If all the information is presented in an elegant way, it will leave a memorable impression on the clients. Before the advent of technology, the customers used to ask the shopkeepers about the products. However, printing technology has now taken that role. Different kinds of printing methods such as flexographic printing, digital printing, or spot UV printing, can be used to print informative content on the custom boxes. 

Utilizing these innovative means, print all the required information about your product and brand on the boxes. This tactic will appeal to the customers who are brand-conscious and the ones who love to make informed purchasing decisions.

Briefly, there are various ways in which custom box printing can be made eye-catchy and classic. The correct type of typography will make your design pop out on the retail shelves. Attractive and colorful graphics and themes can also prove great in this regard. Besides, simplicity in design grabs the attention of customers instantaneously.

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