Feature phone maker company, Dital Mobile & Accessories, has launched LCD TVs in the Indian market at Rs 3,999. The company claims that this is the world's cheapest TV. Along with this, the company has set a revenue target of Rs 100 crore this fiscal.
Dittal's mother company SG Corporate mobility managing director Yogesh Bhatia said that after the cost of the cheapest feature phone at Rs 299 in August last year, our effort was to launch cheap TV to the country. The company has been keeping in mind the part and class of this TV country which has not yet been able to buy TV due to the high price.
TV's 10 models in the 24 to 65-inch series
the last financial year, the company's revenue was Rs 50 crore. The company has launched 10 TVs in the 24-65 inch series. He said that we had launched Feature Phones in India Mobile Congress for only 299 last year. Then we talked about connecting 40 million Indians.
This LCD TV, which claims to be India's cheapest TV, has a 48.3 cms or 19-inch display. The display's resolution is 1366 x 768 pixels. This comes with a plus grade panel that gives clear picture quality. One HDMI and one USB port have been provided as a cankive options for the TV. The TV panel has two speakers on the shore. It has two speakers of 8 watts. The company has also taken care of the game's hobbyists. It has been given an inbuilt game. The company is also offering 1 year on-site warranty with this TV.
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Borrowers also get some benefit out of this arrangement. By helping the lender reduce risk, the borrower pays a lower interest rate. Mortgages are often used by consumers (individuals and families), but businesses and other organizations can also purchase property with a mortgage.
Types of Mortgages
There are several different types of mortgages, and understanding the terminology can help you pick the right loan for your situation (and avoid going down the wrong path).
Again, if you want to be a stickler, we’re talking about different types of loans — not different types of mortgages (because the mortgage is simply the part that says they can foreclose if you stop making payments).
Fixed-rate mortgages are the simplest type of loan. You’ll make the exact same payment for the entire term of the loan (unless you pay more than is required, which helps you get rid of debt faster). Fixed rate mortgages typically last for 30 or 15 years, although other terms are not unheard of. The math on these loans is pretty simple: Given a loan amount, an interest rate, and a number of years to repay the loan, your lender calculates a fixed monthly payment.
Fixed-rate loans are so simple that you can calculate mortgage payments and the payoff process by yourself (spreadsheets and online templates make it easier). These calculations are a valuable exercise to help you compare lenders and decide which loan to use. You might be surprised to see how a longer term loan leads to higher interest costs over the life of your loan — effectively making a home more expensive than it needs to be.
Adjustable rate mortgages are similar to standard loans, but the interest rate can change at some point in the future.
When that happens, your monthly payment also changes — for better or worse (if interest rates go up, your payment will increase, but if rates fall, you might see lower required monthly payments).
Rates typically change after several years, and there are some limits as to how much the rate can move. These loans can be risky because you don't know what your monthly payment will be in 10 years (or if you'll be able to afford it).
Second mortgages, also known as home equity loans, aren’t for buying a house — they’re for borrowing against a property you already own. To do so, you’ll add another mortgage (if your home is paid off, you’re putting a new, first, mortgage on the home). Your second mortgage lender is typically “in second position,” meaning they only get paid if there’s money left over after the first mortgage holder gets paid. Second mortgages are sometimes used to pay for home improvements and higher education. In the financial crisis, these loans were notoriously used to "cash out" your home equity.