Loans confidently and firmly entered our lives. The availability of lending sometimes encourages people implainly to accept the proposals of one or another bank, seduced by an attractive interest rate. However, experts are recommended before taking a loan, calculate the amount of overpayment.
1
The amount that you eventually pay the Bank includes several components. This is the loan itself, interest for the use of the loan, as well as all sorts of commissions, which are often called hidden, since in advertising banking products are clearly not specified. These may be additional fees for consideration of the application for a loan, for issuing a loan, for opening a bank account, for making a credit card and so on.
2
Take advantage of the bank credit calculator. It is important to calculate the monthly payment of the calculator of the bank in which the loan is considered. In each bank, their calculation formulas are laid, which, among other things, include additional commissions.
3
The resulting amount multiply for a loan period, expressed in months. If you can not use the Internet either on the bank's website there is no calculator, you have the right to request an official document in the bank on the final overpayment (indication of the Bank of Russia from 13.05.2008 N 2008-y "on the procedure for calculating and bringing to the borrower - an individual of the full cost of the loan ").
4
Source the amount of insurance if the banking product involves the insurance of the borrower's life and health.
5
So, we calculated the amount that you pay the bank for the entire use of the loan. Remove the loan amount out of it. The balance is the amount of overpayment.
If you compare the offers of different banks, you can find that at a low interest rate sometimes hid high additional costs, and the loan in a particular bank may not be so beneficial. That is why choose a loan based on the total amount of overpayment.
0
5630
