The most exciting question when applying to a bank for a loan concerns its maximum amount. The fundamental approach to its definition for each potential borrower from commercial banks is the same. However, each credit institution may have different ratios relative to the income-payment ratio.
Instructions
Step 1
The maximum loan amount is calculated based on the borrower's income. If it is not enough to receive the requested amount, then the bank offers to take a co-borrower, whose earnings will also be taken into account when calculating solvency. They can be, as a rule, a close relative of the borrower (parents, husband or wife, children). The amount of income includes wages both at the main and at the additional place of work, as well as pensions, scholarship benefits, interest on deposits, income from renting out property, dividends on shares, etc. The main thing is that the potential borrower has the opportunity to confirm them.
Step 2
Further, all compulsory payments are deducted from the borrower's income or the total family income, which include taxes, utility bills, payments on existing loans, tuition fees, alimony, etc. In this case, if the borrower has dependents, then the income is deducted the established subsistence minimum for him, as well as for each dependent.
Step 3
The difference that results from subtracting the gross income of the borrower or co-borrowers and the mandatory payments is the net income remaining at the disposal of the family. Based on it, the maximum loan amount will be calculated. At the same time, the amount of payments on a loan, as a rule, does not exceed 40-50 percent of it.
Step 4
For example, if the borrower's net income minus all obligatory payments was 10 thousand rubles a month, then the loan repayment, taking into account interest, will be no more than 5,000 rubles. In this case, the maximum loan amount for 5 years will be calculated as follows: 5,000 rubles * 60 months = 300,000 rubles. This amount includes principal and interest. Then, at a loan rate, for example, 15 percent per annum, the maximum possible loan amount will be 260,000 rubles.
