Monthly recalculation of interest on a loan is carried out only if a differentiated payment has been issued. With an annuity payment, recalculation is carried out when interest rates decrease or increase, about which the bank is obliged to notify the client in writing two months before the fact, re-execute the agreement and recalculate.
It is necessary
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Instructions
Step 1
If your client has a loan with a differentiated repayment form, you must immediately calculate the monthly payment amount and indicate it in the repayment schedule.
Step 2
The recalculation of the interest rate of a loan with a differentiated form of repayment must be made in the event that the client pays a larger amount than is indicated in the payment schedule of the loan repayment. For example, you issued a loan of 100 thousand rubles at 12% per annum for one year. The first month of repayment, the interest rate will be calculated from 100 thousand rubles and will amount to 1200 rubles. The total amount of payment for the first month of loan repayment will be equal to 8333 + 1200 = 9533 rubles. After making the first payment, the interest rate is charged on the remaining loan amount and so on monthly. As the loan is repaid, the amount of interest will decrease.
Step 3
If your client does not deposit the specified amount on a monthly basis, but an arbitrary one, you are obliged to recalculate the remaining amount of debt in interest. To do this, subtract the total amount of payments made from the principal amount of the loan and calculate the interest from the remaining figure.
Step 4
With a formalized annuity payment, the monthly loan repayment amount will be equal, regardless of what the monthly payment is actually made. Calculate your monthly repayment amount using a loan calculator: https://www.helpkredit.com/zaemwiku/kalkulyatoru/annuitet.php. At the initial stage of the loan repayment, the interest will be significantly higher than the principal amount of the payment. As the payment progresses, the amount of interest repayment decreases, and the amount of repayment of the principal debt increases. But all this is reflected in the internal schedule.
Step 5
Recalculate in the event of an increase or decrease in the annual interest rate. You can increase or decrease the interest only from the moment of renegotiation of the contract. For recalculation, consider only the remaining amount that has not yet been paid by the customer. You are not entitled to charge more or less interest on the entire issued loan amount for any form of payment.
