To calculate interest on the loan - a simple task at first glance.
For this it is necessary to know the system of calculation and bank lending conditions.
You will need
- - kalkulyator-
- - The credit agreement or description of lending program.
Interest on the loan can be calculated in two ways: based on the actual number of days of credit or the rate of 30 days per month. The first method is used most often.
It is necessary to take out the loan contract or credit check with the manager of the interest rate, loan term, and lending money.
Further, the amount of credit must be multiplied byinterest rate divided by 100 and the number of days in a year (365 days in non-leap year) and multiplied by the number of days in the month and the term of the loan. For example, when the rate on the loan 12% per annum, the amount of 300 thousand. And the period of 3 years it turns out that the amount of interest for the first month will be 300 000 * (12/100) / (3 * 365) * 30 (number of days in the month) = 986.3 p.
If the monthly repayment of the loan amount of the interest is recalculated based on the actual debt, and much of the interest payments occur within the first few months.
In rare cases, the loan repayment issingle payment. Then interest rates, as well as the principal amount shall be paid a lump sum at the end of the period, and they are easier to calculate. It is necessary to multiply the interest rate on the loan amount and loan term. For example, the loan is 100 thousand river for one year at 15% per annum interest on the loan will be = 100000 * 15/100 = 15 000.
It remains to add additional fees andmortgage payments. For example, monthly fees for current account services, credit consideration, payment of insurance that should be added to the interest rate.