How to calculate an annual loan percentage

You need to purchase expensive equipment, a ticket abroad or an apartment, and money is missing. In this position, nothing remains to do how to get a loan. That's just you need to know how many percent will have to overpay for such a mustard. How to make an annual interest rate calculation - read on.

The easiest way to make an online calculator online. To do this, click on linkYou will find yourself on the site where you need to choose from the left side of "bank calculators". Then click on the bank of interest, for example, Sberbank. Go to "Calculator Sberbank for lending with guarantion" (or any other).

At the bottom of the page fill the fields:

Credit amount;
Currency;
Credit term;
% per annum;
Type of payment;
The beginning of payments.
Click: "Calculate"

Loan calculation results - You can download here.

Debt compensation can be made by an annuity or differentiated contribution. The first type is when the credit consumption makes an identical amount every month, and the second - the monthly fee decreases, and the percentage here is slightly lower. The amount of accrued% is especially noticeable with a large loan.

Download here: Loan Calculation Results with Differentiated Payment.

Another calculation method: the sum of consistent interest (s%) is equal to the amount of loan amount (SZ) on the annual percentage (I), on the number of days to repay the loan (KK) and divided by the number of days a year (KG):

S% \u003d Sz * I * kk / kg

For example, we calculate what S% when the leaving of 200,000 is taken under 16% per annum:

S% \u003d 200000 * 16 * 365/365 \u003d 32000.

In the borrowing contract, it is written how much it is necessary to pay off the loan and what amount you took. Based on this, you can count the annual% bid. For this, more importantly, we take a smaller (taken amount), the difference from the difference is divided for a loan period (in years), multiply by 100%.

Each client who takes the loan in a banking organization, you need to know that the credit fee should be carried out on time. When delays, the annual percentage will increase. And before you take a loan, calculate interest, find out if you have to pay insurance and other additional payments.