Late payment interest is the most common way to maintain financial discipline. It applies to all contractual relationships. Even if a penalty is not spelled out in the agreement, the injured party still in most cases has the right to charge it, based on the value of the refinancing rate of the Central Bank of the Russian Federation.
Instructions
Step 1
To correctly calculate the penalty for late payment on a loan, refer to the content of the agreement concluded with the bank. In the terms of lending, it is most often indicated that if the payer does not comply with the payment deadlines, the bank imposes a penalty in the form of a penalty, which is charged until the debt is fully repaid. Suppose that the default interest in the loan agreement is 1% for each day of delay.
Step 2
To calculate the late payment interest on the loan, multiply the amount of the overdue part of the payment by the specified percentage. Let's say the amount of the monthly payment is 1000 rubles. At the same time, 400 rubles were paid on time, and 600 rubles. were in delay. The first day of delay in payment of this amount will increase it by 6 rubles. Thus, at the end of the first day after the delay, it will be necessary to repay 606 rubles.
Step 3
From the second day onwards, the penalty will be charged on an ever-increasing amount. So, on the second day, the penalty will be calculated at the rate of 1% of 606 rubles. and will be equal to 6, 06 rubles. The debt at the end of the second day will be 612.06 rubles. Etc.
Step 4
Therefore, in order to accurately calculate the default interest on a loan for a specific day and pay it in such a way as to exclude unaccounted debt balances, you will need to calculate the interest for all the days that have passed. If you pay not the full amount of the debt, then a penalty will be charged again on its balance, which will not be very pleasant to find during the repayment of the next payment.
