Monday, February 26, 2007

Search Ranking

This blogs ranks 4th in the google page rank.

With yahoo and MSN, I do not see it in the search results.

Saturday, February 24, 2007

SUN TV Network Monopoly

On the news today, once more incident of monopolistic attitude displayed by SUN TV Network. They are not sharing their feed with the rival Tata-Sky DTH.

Earlier incidents
Google blog search results page from SambharMafia

Thursday, February 22, 2007

Home Loan : Calculating the Balance Sheet yourself

Off late I have been involved in home loans a lot. Just I wanted to understand the mystery behind the calculation of EMI, the prepayment and the balance computation. Since my home loan is with the Corporation Bank, and it being a PSU, I cannot expect the account statement to be shown online. By the way do any of you see such a facility with any private banks?

I took home loan of type fixed interest rate and monthly resting option. The following steps should help you calculate the monthly balance of your home loan

Step 1: Calculate EMI. I used the formula given by Ranjit.
Step 2: For the first month the balance can be calculated as
Balance Principal = Principal + (ROI * Principal) - EMI
Step 3: The balance principal becomes the principal for the next month. Repeat Step 2

Note: If you have done prepayment on a particular month, deduct the amount from the balance principal to get the actual balance.

I wrote a small java program to do the calculation for me. This can be extended for daily resting option and also for the floating rate of interest.

P.S: Apart from such minor nuances, I felt the relationship with the bank much better. There has been no hidden charges and the default options in the home loans are better tweaked to benefit the customers. I felt that with private banks unless the customer is alert, they ought shell out more.

Wednesday, February 21, 2007

Quote of the Day

"If you pay peanuts, you only get monkeys."

courtesy: A reader
This reminds me of the TimesJob ad.

Photo Post

Some of the best photos covering the activities of over last 3 months




Bannerghatta National Park: