How to calculate the loan: we plan expenses.

The percentage of consumed products and services is growing every year, because previously unavailable things that have had to be postponed for years, a person can afford "here and now." To do this, it is enough to take a loan and monthly to pay a small amount, and the desired has already been purchased, and there is no need to wait long and save money. Logic in these arguments is present, but before you run and take out a loan in the first bank, where you offer "low interest", you should calculate the maximum loan amount. Then compare the loan offers of various banks and choose the appropriate option.

You can start by calculating the maximum amount on the loan calculator that banks offer on their official websites. The total amount of the loan they expect is very approximate, but you can also orient to it. At the very least, you can find out the amount that you will be relying on for your confirmed income. On the bank's website you can find out the terms of the loan and the current interest rates. Particular attention should be paid to the bank's commissions, fines and the need for insurance.

If you have wondered how to correctly calculate the loan, you will need all this information. Taking a certain amount in the bank, you will need to return it with interest. The percentages for differentiated quenching are usually calculated by the following formula:

Interest amount = (Amount of debt * Annual interest rate) / 100 * 12

Do not forget to add to this the amount of the principal debt, as well as all the specified commissions. Penalties banks usually impose for untimely cancellation of a loan or cancellation of smaller amounts than those indicated in the schedule. If you are interested in how to calculate a loan, or rather, how much you can ask the bank for maximum, you can apply the following formula:

SP = P / ( t + 1) * annual interest rate on the loan in rubles / 2 * 12 * 100

Where SP is the maximum loan amount, P is the Borrower's solvency, and t is the credit period in whole months. Keep in mind that this amount in each bank will change in the direction of decrease depending on the age of the client, work experience, availability of a positive credit history, stability of its income, availability of insurance, dependents, etc. The client's solvency is calculated by another formula:

P = D * * K * t, where

Dh is the average monthly income (net) for 6 months, net of all mandatory payments, K is the applied coefficient, and t is the period in months. Mandatory payments are taxes, alimony and other payments. For pensioners, the monthly pension is taken as income.

For individual entrepreneurs, solvency will be calculated according to another scheme. For those who will enter retirement age during the loan repayment, the solvency will be somewhat lower, since the "pension months" are considered based on the established amount of the minimum pension.

An individual approach to each client, in addition to everything else, also includes the use of appropriate corrective coefficients in calculating the maximum loan amount.

Calculate a loan exactly as it will be done in a bank is rather difficult. Therefore, almost all banks are strongly advised to visit the loan inspector at the bank and find out all the arising issues on the spot. As a rule, even at the first consultation, the credit inspector can call you a real "ceiling" of the loan amount.

Before going to the bank, try to soberly assess their capabilities. No wonder at the beginning of the article it was suggested to calculate the loan, or rather the amount that will need to be returned. Perhaps your desire to get everything at once is dictated not by necessity, but by a simple whim. To give money is much more difficult than to receive.