Enhance the security at the Mall

There are so many things that pop in the mind of an individual when they are working on the mall project. From developing the best type of shops to make every single shop visible, it has a list of things to tick off. Once the things are ready come the most essential and long-terms things – security. In the digital era, individuals usually opt for the IP Security Camera Systems due to its popularity and workflow. They are more bend towards it with the increase in traffic. It also helps in managing the total security of the mall.

This can be quite overwhelming when it comes to physical terms but with digital equipment added to it, it is possible to work out easily. If there is theft then it can be used for evidence to see what goes wrong. Also, if there is some sort of physical violence or breaks then it can come handy to make sure that nothing goes wrong. Anyhow, the main fact is that it provides security to the system that allows one to have an overall sense of safety. Here are the things in which such a system comes handy.

•        Inventory protection – This is the most essential thing that comes with security. There are over 500-1000 people in the mall at a time and hence it can become difficult to keep a track on the inventories. Especially when it comes to festive time then it can be a daunting task to even know where to put a step right. In such a case, a security camera is similar to the blessing that one has.
•        Vandalism curbing – Yes, it is another factor that is well-taken care off. One needs to keep in mind that vandalism is kept in check. If there is even a little spark of any type of destruction then it must be stopped at that instance. It can be a broken window or tagging that must be kept in mind with the whole vandalism. Also, it is essential to make sure that shoppers around are happy and not effective with any of the violence technique that is being used.
•       Parking lot – No matter what a person believes, there is more crime that occurs in the parking lot then the overall mall. It is mainly due to the dark and silent place where there is a lower crowd rate. This helps in keeping the crime rate in check. However, one has to keep monitoring the parking lot 24/7 to be 100% safe and updated about its activities.

Security system

The most requirement of the camera system is during the festive or holiday time since the chances of a crime increases during that time. Hence, one must be aware of anything that might be going wrong around them. Usually, people opt for the IP Video Surveillance Equipment due to its durability and efficiency.

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Applying for a Loan? See These 3 Points that can Impact your Credit Score

Are you ready to apply for home loan, personal loan, business loan or any other type of loan in the future? Have you checked the loan eligibility factors before applying for the loan to a lender? Yes, it is vital to be aware of the loan eligibility aspects to get a loan approval at a lower rate of interest.

The loan eligibility parameters could be many such as your age, income, employment stability, and the city of residence. However, the one factor that can make or break your loan application is the CIBIL Score. Yes, any lender that will review the first thing about your loan candidature is the Credit Score. Having a higher or lower CIBIL Score makes or breaks your creditworthiness.

As per the recent trends in the finance industry, to avail a loan easily at a lower rate, one needs to have a CIBIL Score that reads 750+ or more out of 900.

If you are going to apply for a personal loan, then the CIBIL Score for personal loan’s approval should also be at least 750+. Some lenders may approve a loan request even if you have a lower Credit Score for personal loan. But, for that, you will need to cough up higher personal loan interest rates which may affect your monthly budget.

Hence, before applying for a home loan, personal loan or any other, you need to know how to increase your CIBIL Score. If you don’t know about some of those easy tips to help you do that, this post is here to assist you. Let’s begin:

1) Never Miss the Payments’ Due Dates
Missing the due date of your credit card, existing loan EMIs, always have a negative impact on your credit history and may bring down the CIBIL Score. Even if you have missed a single EMI for your ongoing loan, it is bound to affect your CIBIL Score. Not paying the EMIs on time is reported to the credit bureaus that you are not a responsible credit user. Hence, when your CIBIL Score confirms the same, your next loan application gets rejected.

2) Maintain a Healthy Credit Utilization 
Managing healthy credit utilization is nothing but how much credit limit you have availed out of the offered limit. Example – if your credit card limit is Rs.2 lakh and if you have used only Rs.80,000, the credit utilization ratio is 40%. Thus, it is often suggested by industry experts never to max out your credit card or use it up to 80%. If you can manage it up to 40-60%, your CIBIL Score will not get hampered.

3) Don’t Apply for Many Credit Cards/Loans at Once
Many people have this tendency of applying to many lenders for a loan and many credit card companies for credit cards so that at least one will approve the requests. Nonetheless, this practice is not going to help you and decrease score of your CIBIL considerably. It is because every time you submit a loan/credit card application, your lender pulls out the CIBIL Score. The fetching of the Credit Score many times lowers it down. Lenders may also consider that you may be credit hungry and may reject your loan/credit card application.

The Bottom Line
Applying for a loan at a lower rate of interest is what that should matter as you also need to repay it. Hence, try to implement the discussed tips so that your loan application is approved and your CIBIL Score stays up and healthy! All the best! 

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5 Mistakes You Should Avoid in Order to Get a Good Credit Rating

Maintaining an excellent credit rating should be one of the most important financial goals of an individual. In India, CIBIL is regarded as the most important credit rating organisation by lenders. A high CIBIL score indicates you as creditworthy. It will allow you quicker access to financial advances for your personal and professional needs.

Credit rating or CIBIL score is a numerical representation of an individual’s credit history.  It ranges from 300 to 900 and a score of 750 or higher is considered excellent. However, as it deals with your personal financial habits, even the smallest and seemingly arbitrary mistakes can leave a significant impact on your credit score.

So, here are 5 mistakes you should avoid to maintain an excellent credit rating.

1. Missed or late repayments – Your repayment history is one of the most crucial factors that a credit agency uses to determine your credit score. Missed or late repayments of your loans and other forms of advances, or your credit card outstanding impact your credit rating adversely. Credit bureaus will record these missed or late payments on your report and reduce your score.

2. Spending a large part of your credit utilisation ratio – Credit utilisation ratio is the amount of credit you use within your available credit limit. If you utilise 80%-90% of your limit with your credit card on a regular basis, you will be considered as a credit-hungry individual, which will decrease your credit rating. It is advisable to utilise not more than 50% of your available credit to avoid affecting your rating when credit bureaus calculate CIBIL score.

3. Applying for multiple credit cards within a short span – Whenever you apply for a new credit card or a loan, the lenders send an enquiry to know your credit rating. Too many enquiries within a short span of time will make you appear as credit hungry, affecting your CIBIL score.

           

Wait for at least 6 months before applying for a new credit. Also, you can use the website of the financial institutions to know more about various credit cards or loan offers. You will find tools like personal loan eligibility calculator, EMI calculator, etc. that will help you determine the best product you need before applying.

4. Closing older credit accounts – Closing older credit accounts may not always improve your CIBIL rating. It may increase your credit utilisation ratio, which will affect your credit rating adversely.

            

If you want to close credit accounts, close the newer accounts first as your older accounts will have a longer credit history. Doing so will help you improve your CIBIL score.

           

Financial institutions i.e NBFCs offer affordable interest rates and flexible tenors on personal loans. These can help you meet your financial requirements without straining your budget.

5. Not reviewing your credit reports periodically – Periodically check your credit report to ensure there is no inaccuracy affecting your CIBIL score. Payments such as medical billing or a clerical error from the lender or bureau can inaccurately decrease your credit rating. Periodically checking the statements is the only way of detecting such errors.

You can use various websites to check your credit report. Ideally, you should check it once every 3 months. You will also get to know about multiple offers on advances like a personal loan, home loan, or credit cards.

Many of the above-mentioned mistakes will reflect on your credit report and adversely affect your future loan or card application. Understand CIBIL score and avoid these mistakes at all costs to improve your credit rating and improve chances of getting advances like personal loans at the most favourable terms.

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How Long Does it Take to Apply for a Credit Card?

Gone are the days when it used to take weeks extending up to months to complete the entire application process and get approval. Today, you can get a credit card within a few minutes of applying online. However, you need to take into account certain factors to make this process quicker and hassle-free.

Age

The minimum age required to avail a credit card is 18 years. However, some lenders prefer the applicants to fall between 25 and 65 years.

According to CARD Act of 2009, applicants need to be within this age group to justify their repayment capability.

Income

A higher salary means more money available to repay the debt. Therefore, your income is an essential qualifying factor to a card issuer. So, before you apply for a card, you should note the minimum income requirement. It is always in your interest, to be honest with your income. Fraudulency may land you into trouble, further lengthening the process.

Credit score

Your credit score is another factor that can quicken the application process. A score of 750 and above gets a nod instantly. Contrarily, lower CIBIL score streamlines the chances of receiving a negative result too.

You may also have a fair chance of prompter approval if you have minimum debt.

Documents required

Lenders ask for a few documents to complete the formalities. Keeping these requisites handy also fasten the application procedure considerably. You typically need to provide:

● KYC documents

● Salary slips

● IT returns and business vintage proof for the self-employed

● Address proof

You can get approval within a few seconds post verification of these documents.

Check out the availability of pre-approved offers for instant approval

Pre-approved offer is a new-age facility offered by NBFCs like Bajaj Finserv. It provides customised offers on credit cards, and a host of financial products & services. It not only simplifies the entire process of application but also saves a lot of time. You can check your pre-approved offer by entering a few required details online.

It should not take you more than 10 minutes to complete the online application process, provided you strictly abide by their requirements.

So, help your card issuer with all the possible measures to complete the application processing at the earliest. There are NBFCs which come with hassle-free procedures. For example, the Bajaj Finserv RBL Bank SuperCard comes with a less stringent application process and faster approval.

Applying for a new credit card isn’t too hard nowadays. However, no approval is instant if an applicant ends up making an error. Applicants can check the application status online.

Some more tips to speed up the process

a) Avoid making any mistake in the form as incorrect information often lengthen the process & may also lead to rejection.

b) You shouldn’t apply for multiple cards at the same time as lenders may perceive you to be credit hungry.

c) Moreover, there might be a delay if you reside at an unserviceable location.

d) Lenders also don’t entertain past defaulters.

It’s mandatory to comply with these points mentioned above for a speedy process.

Now, getting hold of the card in real time is not the ultimate thing. You must also know how to use credit card properly. Set a sensible credit limit, keep track of your expenses, pay the due on time and build your credit score eventually.

Unfortunately, credit cards have an online manual for the application process but not for your expenditure habit. So, apply for the best credit cards and use them as budgeting tools to dramatically influence your financial condition.

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How has technology changed over the time in water filters?

Filtering water has always been done from ancient times or even much earlier. The demand of clear and fresh water has always been there. The perception of clean and transparent water has been in our minds because of the quality of water from rivers. Anything less than or not equivalent to the river water was considered dirty without going deeper about the microorganisms present in it or not. The criteria in those times were that water should be clear because they knew that there isn’t anything that could pollute the water unlike today. Nowadays we have a whole lot change in the scenario, with the use of high amounts of chemicals and the waste product being thrown in rivers, the filtration has become a task. But, how much has the technology changed over the years as far as the water purifiers are concerned?

A lot has changed over the years and the concept of filters has totally reinvented itself. In those times when there were no filters and there were no signs of heavy pollution, the water was collected in containers and was allowed to settle down. This would settle the heavy particles present in the water to settle down under the gravity and would get collected at the bottom of the container, leaving the upper portion of the container filled with clean drinking water. But, slowly as the man progressed, so did the pollution level and the need of something different was felt. Then the water was filtered using a cotton cloth. Water would be poured into another container, keeping a cotton cloth as a filter; because of this heavy particles got trapped in it allowing the clean water to pass through. Again, this wasn’t enough as the time passed; people started boiling the water, which would kill the germs and later cooling and using it for drinking. This was possibly the best method, but it involved a lot of time consumption. Soon the filter candles came into existence, the water would pass through the cancelled placed upside down in a container on the upper side, giving cleaner water underneath.

Other processes involved reverse osmosis, UV and UF filtration. The reverse osmosis process is the widely used technology where the water is made to pass through a membrane with the reverse osmosis process. In UV filtration, a UV source is provided and water is made to pass through the UV light. After coming in contact with the UV rays, it kills the bacteria leaving clean water forward. Ultra filtration is similar to reverse osmosis, the difference being, in UF the pressure applied is higher and it filters the water based on the absorption amount and the diffusion rate.

Water purifiers were confined to only houses, but now the 1000 litre per hour RO plant are being installed and setup to provide a clean and fresh drinking water to a higher number of people at a time. The plant working is similar to the ones installed in our house; they are being larger in size. The RO water purifier 1000 lph price varies with the specifications and brands, also depending upon the services provided.

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