How to calculate a loan is useful for everyone. After all, various unforeseen situations can arise in life, and it is impossible to exclude the possibility of any person turning to various credit organizations. What are the ways to do this, let's figure it out.
Option 1. Independent
You can calculate the loan fee yourself. Better to do it using Microsoft Excel. To do this, you need to create a table in which to enter the amount of the loan, the interest rate and the term of the loan. The amount of the principal debt must be divided equally into the number of months. It will decrease proportionally every month. Apply the interest calculation formula to the balance of the debt in each month:
Interest = actual debt*%rate*28-31/365-366,
where 28-31 is the number of days in a month; 365-366 - the number of days in a year.
The monthly fee will be the sum of principal and interest.
With the annuity method, you can also use the Microsoft Excel program. But for the correct calculation, you need to use complex specific formulas. They can also be found on the Internet.
Option 2. On the credit calculator
Step 1. Find the "loan calculator" on the Unikom24 website and use its functionality for quick calculation. All parameters that allow calculate the loan overpayment online intuitive and you should not have any difficulties.
Step 2. Fill in the basic parameters. It is necessary to indicate the amount of the desired loan, the term of credit and the interest rate. Also, depending on the terms of the loan, it is possible to pay commissions or other additional payments according to the terms of the loan. Additional parameters for filling can be the choice of simple or annuity payments, the presence or absence of a down payment.
Step 3. After filling in all the parameters of the loan calculator, you need to press the button that allows you to make a calculation and get the loan repayment schedule.
Option 3. Contact the bank
Step 1. If there are difficulties with making a calculation independently or on an online calculator, it is better for the future borrower to contact the lender directly. First, you need to choose a bank with optimal lending conditions and agree on the time and place of the consultation.
Step 2. The credit specialist enters the terms of the loan and the wishes of the borrower into the special program. Depending on the type of loan you choose, you can calculate a loan for a car, housing, etc.
Step 3. Based on the entered lending parameters, the loan repayment schedule is automatically calculated. It displays the principal debt amount, interest, fees, and other payments that will need to be periodically repaid.
There are three main options for calculating a loan
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