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Monthly loan calculator. How to calculate the monthly loan payment? How to calculate interest on our service

A consumer loan is a loan that you take out for various consumption needs. For example, you want to buy a TV in a store or a washing machine, or go on vacation.
Buying a tour from an operator is a purchase of a service. Those. you consume a service and take out a consumer loan.
Calculator consumer credit designed to calculate cash loans, taking into account commissions and insurance. Here you can choose a suitable loan and apply online

Calculation options

The calculator allows you to simply calculate the loan - enter the amount, rate, term and click calculation.
The second option is the calculation of early repayment. You set the loan details and the dates and amounts of the early repayments. If you want to understand how much you will repay if you deposit a certain loan amount each month, we recommend using the forecast calculator
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It will allow you to understand how quickly you will close the loan.

How to compare two loans

Before obtaining a bank loan, it will not be superfluous to calculate the overpayment on the loan. It is best to compare the offers of several banks and choose the best one. The calculator on this page can be used for this. However, you will have to open another page with a calculator to compare 2 different loans. Especially for comparing loans and early repayment schemes, we have made a loan comparison calculator
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It will allow you to understand which early repayment scheme to choose - to reduce the term or the amount of the payment. It will also help you choose the best loan option.

How to calculate a loan using a calculator

There are 2 loan options
The first is a preliminary calculation when you want to borrow cash. For this calculation, the date of the first payment is not needed. It can be left as default. It does not affect the monthly payment.
Loan amount - it is specified in the loan agreement and is taken without taking into account the down payment for a product or service.
Interest rate - the nominal rate on the loan, excluding commissions and insurance. Taken from the loan agreement. You can enter 3 decimal places.
Expressed without dividing by one hundred.
Term - an integer number of months for which the loan is taken. If you have 2 years, for example, then you need to enter 24 months
The second option is the calculation of the existing loan
The next field is the date of the first payment. This parameter is already important when you took out a loan
For a loan taken, the calculation by date is important. That is, when plotting the schedule, the date of the next payment is indicated - the number of the day in the month.
Date-based calculation is important for early repayments. The date of early payment of funds determines in which month the new reduced payment will be.

How to use the calculator?

After entering the required data above, you need to click on the calculation button.
After pressing it, the following options are possible

Data entry errors. Please note that dates must be entered through a dot in the format dd.mm.yyyy. Amounts are entered in through a dot, the rate can have 3 decimal places
There was a successful settlement of the loan. Set up a payment schedule. Loan overpayment calculated

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If the calculation is successful, you can start adding early repayments. In the form on the right - adding early repayment - you need to enter the date, type and amount and click add. There will be an automatic recalculation of the loan schedule and other parameters. The total overpayment will change.
In the case of full early repayment, after this payment, there will be zeros in the schedule, regardless of whether the amount or term was reduced.
If you added a repayment with a change in the term, there will be fewer lines in the chart compared to the initial version.
Repayment with a change in the amount will reduce the annuity payment on the loan. The number of lines in the payment schedule will remain the same.
If you added a change interest rate- there will be a recalculation of the payment schedule for a new percentage from the moment when this change took place. The payment may increase or decrease depending on whether the rate was reduced or increased.

Export data to Excel

After the calculation, you can save the results on your computer. To do this, click on the link "Get Excel file". An Excel 2003 file will be generated and a "Download file" link will appear. You need to click on this link and the file will be saved to you. You can print the file and return to it at any time.
When calculating the loan, the link to this file disappears and you will need to generate the Excel file again.
I recommend bookmarking the calculator for ease of use in the future.

Loan calculation

availability of guarantors and certificates confirming income;
the form of issuance of money (cash or card);
experience;
age;
availability of collateral;
term for consideration of an online application for a loan.

Additionally, you can specify a specific bank in which you would like to take a loan. In addition, advanced settings allow you to find financial institutions that lend money to people with bad credit history, beneficiaries and citizens with temporary registration. All presented options can be sorted by the size of the annual percentage and the amount of the loan.

How to calculate your monthly loan payment

To view detailed information about a particular loan product, click on its name. A page will open indicating the conditions for obtaining and repaying the loan, as well as its main parameters, such as:

sum;
payment type;
currency;
amount of monthly payments;
interest rate;
total cost;
payment schedule;
list of required documents;
borrower's age.

Using the loan repayment calculator, you can see a preliminary calculation by month, indicating the date of payments, their size and the balance of the debt. Here you can calculate the overpayment on the loan.

An example of calculating a loan in an online calculator

Loan balance	Redemption	Repayment of principal	Amount of payment

The consumer loan calculator makes calculations using the annuity payment formula. This method assumes that the loan amount and interest are repaid in equal installments over the entire loan term. The monthly amount will not change even if the client pays amounts exceeding the amount established by the agreement. The calculation of interest on a loan under an annuity scheme is used in most Russian banks.

Loan calculator with early repayment

In the early repayment section, you can draw up a plan for such repayments. Some banks often impose penalties associated with the payment of such a payment. In the commission section, you can set the appropriate parameters and thereby determine exactly how profitable early repayment will actually be.

Loan Calculator Report in Excel

The loan calculator will calculate the total cost of the loan - a value calculated as a percentage, which takes into account commissions, related payments and the time of their payment. This makes it possible to compare loans with a variety of fees.

Accounting for inflation in loan payments

By setting the expected inflation parameters of the loan calculator, you can estimate the costs, taking into account the real purchasing power of money over time.

Dependence of the overpayment, the amount of the monthly payment on the parameters of the loan

Analysis of graphs of dependence of loan parameters allows you to choose the most comfortable conditions for a loan. By clicking on the point of interest on the diagram, you can start a more detailed calculation according to the parameter selected on the graph.

Annuity or differentiated payment

With annuity payments during the entire repayment period, the amount of monthly payments is the same, while in the initial period, debt repayment is slower, since accrued interest on the loan has to be paid. This type of loans is most common in Russia. The scheme with differentiated payments assumes at the initial stage the payment of large monthly amounts, which will become smaller with each subsequent time. The debt is repaid in equal installments over the entire period, but the amount of accrued interest changes. The total amount of overpayments in absolute terms is greater with an annuity scheme, however, it is important not to forget about inflation, especially for long-term loans. In conditions of high inflation, this scheme becomes significantly more profitable, in the context of the purchasing power of money. Those. You will be able to purchase more goods and services for the entire period of loan repayments.

Loan payment schedule

The portal offers the following services:

deposit
mortgage
credit
car loan

You can use a special calculator without paying.

How to calculate interest on our service

Using our special loan calculator, you can calculate the amount of monthly payments and the amount of overpayment on a loan, according to personal information about a particular borrower, taking into account his wishes, by entering into the program:

a suitable amount for the initial payment;
for how long the loan is taken;
the applied rate in percent;
borrower's income;
whether the borrower can provide collateral.

Having entered the necessary information in all columns, the program itself will select a possible loan within a few minutes and automatically calculate the amount of the upcoming monthly payment online and determine what the overpayment will be.

Performs an approximate calculation, since it does not take into account how many days a month has.

A more precise payment schedule, applicable rates and the amount of overpayment can be set individually for the client directly at the bank.

How to calculate your monthly payment using an online loan calculator

All potential borrowers are primarily concerned with the question of how much money he will have to take from his family every month so as not to stray from the schedule for making regular payments. You can calculate this amount on our online loan calculator based on: