I'm having issues while connecting to my Local Centos 6.3 VM with 500 MB ram.

Below is the output of `ssh -vvv localhost` connection:

```
OpenSSH_6.3, OpenSSL 1.0.1e 11 Feb 2013
debug1: Reading configuration data /usr/local/etc/ssh_config
debug2: ssh_connect: needpriv 0
debug1: Connecting to localhost [127.0.0.1] port 22.
^^^^^^^^^^ Loading this statement takes more than a minute

debug1: Connection established.
...

debug1: Next authentication method: password 
root@localhost's password:
^^^^^^^^^^ This step takes a minute too

debug3: packet_send2: adding 64 (len 50 padlen 14 extra_pad 64)
debug2: we sent a password packet, wait for reply
debug1: Authentication succeeded (password).
Authenticated to localhost ([127.0.0.1]:22).
debug1: channel 0: new [client-session]
debug3: ssh_session2_open: channel_new: 0
debug2: channel 0: send open
debug1: Requesting no-more-sessions@openssh.com
debug1: Entering interactive session.
debug2: callback start
debug2: fd 3 setting TCP_NODELAY
debug3: packet_set_tos: set IP_TOS 0x10
debug2: client_session2_setup: id 0
debug2: channel 0: request pty-req confirm 1
debug2: channel 0: request shell confirm 1
debug2: callback done
debug2: channel 0: open confirm rwindow 0 rmax 32768
debug2: channel_input_status_confirm: type 99 id 0
debug2: PTY allocation request accepted on channel 0
debug2: channel 0: rcvd adjust 2097152
debug2: channel_input_status_confirm: type 99 id 0
debug2: shell request accepted on channel 0
Last login: Wed Oct  9 13:27:02 2013 from 10.0.0.2

```

Please suggest on how do I get rid of this delay.