What Is A Housing Loan EMI Calculator?

While it may look simple at the base formula level, home loan EMI calculations are in fact quite complicated. This is because borrowers will need to calculate their EMI again and again based on the loan variables that change with each factor and financial partner. Keeping this in mind, many leading housing finance companies offer online tools called home loan EMI calculators that help you to calculate and get a conservative estimate.

This online tool is a good way to familiarize you with the monthly payment requirements that go with a loan. It also comes as a welcome aid for people, who do not have any background in finance or commerce, primarily because it is user-friendly. Plugging in the gaps where the lack of finance education can hinder you, an ideal home loan EMI calculator in India can help you to research about several home loan possibilities to identify the most useful solution in terms of the tenure and EMIs. This tool is definitely recommended for all first time borrowers, who are looking at housing options in terms of locality, price and the EMIs that they can comfortably afford.

Different financial organizations offer their brand of home loan EMI calculators to choose from. While the basic agenda is to help borrowers to understand the potential EMIs, individual financial entities offer different insights into the loan. Some tools will allow you to consider the ratio of the principal amount to the interest. Others will help to demonstrate amortization schedule calculation i.e. a snapshot view of the whole period of the loan, showing the interest and principal amount paid over time. Whether you want to know the total interest paid or just the way in which your tenure, interest and amount affects the EMIs, the housing loan EMI calculator is the best tool to see that.

A perfect home loan calculator will also help you to gather insights that might help with your decision making. One of them could be the understanding that extending the tenure or loan term is a double-edged sword. While doing this will reduce your EMIs, you will end up paying much more interest than the principal amount. This tool will also help you to work out how a slight change in the interest rate can affect your total amount payable and EMIs. All these factors highlight just how important it is to thoroughly research all the possible home loans in India to settle on the lowest interest rate possible.

You should always be careful before making such a financial commitment, though. It is also not possible for most people to take into account the future expenses. It is advisable to ensure that the EMIs remain less than 30 percent of your monthly income. It is also important to understand that you can’t base your decisions just on a housing loan EMI calculator. That is because the numbers provided are just indicators and rough estimates. In addition to your own calculations, it is always wise to consult a financial expert to make the right choice while buying your dream home.

The Types of AI and the Ways it is Reshaping IT

Artificial Intelligence (AI) technology is reshaping the way enterprises extract insights from data. The Gartner’s most recent hype cycle report on Types of AI points out that AI is the most favourable CIO technology initiative for the next five years as a source of business transformation.

PwC predicts that by 2030, AI can potentially contribute around $15.7 trillion to the global economy.

Many organizations believe that AI is not just a business enabler, but that it is having fundamental impacts on the function itself. AI is automating some long-standing functions to deliver upon their demand for innovative approaches and greater involvement from the IT departments.

Long story short, AI is a big deal. Various flavors of cognitive capabilities make AI a success. It becomes critical for enterprises and business leaders to understand the types of AI and the impact that it will have on the IT operations and market.

Five types of Artificial Intelligence 1. Machine Learning
In the current scenario, machine learning (ML) is the most relevant and popular subset of AI. The Executive’s Guide to the real-world AI, a recent report by Harvard Business Review Analytic Services, stated that ML has been around for years and has matured into a technology.

ML allows computing devices to self-learn from data and implement those findings without any human intervention. Often when a solution/result is hidden in a huge data set, ML is really very helpful. ML is outstanding at data processing and pattern recognition as it takes a fraction of the time that a manual process would take.

Use Cases
Just to list a few of the ML use cases in the real world, ML is used in fraud detection, portfolio management, and risk analysis for financial services. It is also used for targeted marketing campaigns, GPS-based fleet tracking solutions and travel predictions.

2. Deep Learning
Any computer program that does something smart is powered by AI, which is an umbrella term that holds ML as a subset. Here, Deep learning is a subset of ML that works towards mimicking the human mind really closely.

CompTIA explains that deep learning allows computer programs to process the problems in multiple layers, simulating the human brain analytical capabilities. The deep learning technologies extract the meaning out of information to build context. While, to increase the chances of getting the correct conclusion, deep learning empowers computer applications to understand the various components of the inputs such as text or visual images.

One explanation by deep AI says that this technology learns from processing the labelled data that is provided during the training. To process the labelled data, deep learning uses neural networks (yeh, that’s what they call them). The output of this processing is used to learn the attributes of the input that were required to come to the correct output. As soon as the sufficient number of inputs have been processed as examples, the so-called neural network can start processing new data.

New Yorker Electronics Releases New Exxelia Cubisic SLP Series of Flat-Pack Radial Lead Capacitors

NORTHVALE, New Jersey, USA – New Yorker Electronics has released the new Cubisic SLP Series of Flat Pack Electrolytic Capacitors from Exxelia. Considered by Exxelia to be a ‘game changer’, this new radial lead capacitor has twice the capacitance of any other available flat pack on the market in the exact same volume.

With operating temperatures up to 145°C, and resistance to vibrations up to 50g, Exxelia radial leaded aluminum electrolytic capacitors are mostly intended to service aviation electronics, such as in fighter aircraft, missiles, commercial aircraft and radar/laser systems. And, the new Exxelia capacitor series provides more than twice the lifetime.

According to Exxelia, engineers tackling complex designing requirements and looking for an easily integrable product will save space and gain reliability because of improved materials. Because the Cubisic SLP can resist 50G vibrations and withstand 92,000 feet altitude, it is perfectly suitable for filtering and energy storage in cockpits, actuation and power generation functions of commercial and military aircrafts.

This series offers capacitance ranges from 100μF to 68,000μF and voltages from 10V to 450V. It is designed to deliver 5,000 lifetime hours at 85°C and an operating temperature range from -55°C to +85°C. RoHS compliant configurations are also available.

Features & Benefits:

High Reliability – Passed 2000 hr and beyond life tests at +85°C
Very stable at low pressure and 25°C ( 1 torr for 100 hours)
Rapid temperature cycling (100 cycles at -55 and 85°C)
Vibration resistance (2 hours per axis at 30 or 50 g)
Electrical characterization at low and high temperatures (-55 to 85°C)

Energy storage
With operating temperatures up to 145°C, and resistance to vibrations up to 20g, Exxelia radial leaded aluminum electrolytic capacitors are mostly intended to service aviation electronics. New Yorker Electronics is a franchise distributor of Exxelia Dearborn of the Exxelia Group and supplies its full line of Film, Mica, Tantalum, Aluminum Electrolytics and Ceramic Capacitors as well as its EMI/RFI Filters, Magnetics, Position Sensors, Slip Rings and Rotary Joints.