The loan calculator was created specifically for those who are planning to attract bank loan funds for their own needs (housing, buying cars, household appliances, etc.).
The calculator is easy to use and does not require special knowledge to calculate the necessary loan.
Operating procedure:
1. Enter the loan amount (in any currency)
2. Enter the number of months for which you take a loan
3. Enter the interest rate set by the bank.
4. Press the button “Calculation”
The data will be tabulated and broken down by month. Each month will show the amount of principal, interest, and the total amount, which consists of principal and interest.
For reference:
- the interest rate may vary from the original, since it depends on the refinancing rate of the Central Bank of the Russian Federation
- 240 months = 20 years
- 120 months = 10 years
- 60 months = 5 years
- if you make an amount greater than the “Total minimum payment per month”, the amount of the principal debt and, consequently, the total overpayment decreases
The calculator is easy to use and does not require special knowledge to calculate the necessary loan.
Operating procedure:
1. Enter the loan amount (in any currency)
2. Enter the number of months for which you take a loan
3. Enter the interest rate set by the bank.
4. Press the button “Calculation”
The data will be tabulated and broken down by month. Each month will show the amount of principal, interest, and the total amount, which consists of principal and interest.
For reference:
- the interest rate may vary from the original, since it depends on the refinancing rate of the Central Bank of the Russian Federation
- 240 months = 20 years
- 120 months = 10 years
- 60 months = 5 years
- if you make an amount greater than the “Total minimum payment per month”, the amount of the principal debt and, consequently, the total overpayment decreases
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