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The global gunshot detection system industry is set to gain momentum from the increasing focus of prominent manufacturers on the development of advanced technologies for detecting real-time sound. Safe Zone, for instance, completed a USD 1 million round of funding anchored by Seedfunders. This would help to broaden its senior leadership team and strengthen its distribution in North America.
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The global agricultural pump market valued USD 4.21 Billion in 2020 and is estimated to expand with CAGR of 7.9% during the projected period. An Agricultural pump is used for transporting material from one location to the other with the required pressure head.
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Home loan eligibility criteria has common parameters across all banks and Non-Banking Financial Companies (NBFCs). However, there could also be specific criteria that is applicable for each lender according to their requirements.
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It is essential to understand the criteria that is required to be eligible for a home loan. It helps to ensure that the process of application becomes smoother and easier for you.
Eligibility Criteria for Home Loan
Age 18 – 70 Years
Income Rs. 25,000
Credit Score Above 750
Employment Status Salaried or Non-Salaried
Work Experience 2 Years
Loan Amount Decided by the Lender
Residence Type Permanent resident or Non-resident Indian (NRI)
LTV Ratio Up to 90%
Property Type Completed /Under Construction Project, Land/Plot, build on own Land, Buy Land and Build Home
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Age Limit: The limit of age foremost factor a lender/ financier considers when one applies for a housing loan. Normally, financial institutions attempt to limit the house loan term to the primary applicant's age of superannuation.
Income: The applicant falls into, a steady and regular source of income is a must. Basically, there are fewer risks in loaning money if the applicant is an earning individual.
Rate of Interest: Home finance eligibility is always inversely proportional to the rate of interest. If the rate is higher, eligibility will be less and vice versa.
Loan Term: If you opt for a longer tenure, your eligibility will improve. EMIs too will be lesser and manageable. But the downside to this is, that you will end up paying more interest.
The satellite communication market size was valued at USD 23.44 billion in 2020 and is anticipated to grow from USD 25.33 billion in 2021 to USD 46.50 billion by 2028 at a CAGR of 9.07% during the 2021-2028 period. During the projected period, the rise of IoT in the aviation sector is expected to boost the market.
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