One of the most important issues when applying for a loan at a bank is its maximum size. The basis of the approach to calculating the size of the loan is the same for all commercial banks. However, each credit institution has its own income-payment ratios.
Instructions
Step 1
So, calculate the maximum loan amount based on the income data of the potential borrower. If the borrower does not have enough income to obtain a loan for the requested amount of income, offer him to take a co-borrower. Also consider his earnings when determining the level of solvency. It is allowed to take a close relative (parents, spouse, children, etc.) as a co-borrower.
Step 2
In the amount of income, include wages not only for the main, but also for the additional place of work. Also, consider scholarships, pensions, allowances, rental income, dividends, etc. The main thing is to make sure that each source of income is documented by the borrower.
Step 3
Next, subtract all the obligatory payments from the resulting income of the borrower: payment of utilities, taxes, payments for already issued loans, alimony, tuition fees and the rest. If the borrower has dependents, deduct the cost of living per borrower and each dependent from income.
Step 4
The difference that you received as a result of deducting all mandatory payments from the total income, consider the net income that is at the disposal of the borrower. It is necessary to calculate the loan amount based on this amount. Remember that usually the amount of payment on a loan is no more than 40-50% of its size.
Step 5
A practical example of calculating the loan amount is described below. Suppose that the potential borrower's net income is 10 thousand rubles per month. Remember that all mandatory monthly payments are already included here. In this case, the maximum loan payment per month can be a maximum of 5 thousand rubles. Then, calculate the maximum allowable loan amount as follows. Multiply the monthly payment by the number of months of the loan. For example, multiply 5,000 by 60 months. Get 300 thousand rubles. This is the amount taking into account both the principal and interest. Next, subtract the loan interest rate from this amount, and you get the net amount. For example, if the rate is 15% per annum, then in this case the maximum amount of the loan itself will be 260 thousand rubles.
