Calculate loan 16. Online calculator of consumer loan with early repayments

If you need a detailed calculation with exact dates, a floating rate and the ability to make early payments, use the advanced loan calculator.

Online loan application

You can apply for a loan online on the website of almost any bank. The convenience for the client is obvious here - filling out an application on the website without visiting the office saves you time. It is also beneficial for banks, as it saves time for employees. The bank can collect all the necessary information about a potential borrower and make a decision on loan approval without visiting the client's office. Documents and certificates can be submitted electronically. A personal visit will be required only to provide the original documents and sign the contract.

Calculate your loan yourself

Loan calculator with early repayment is designed for independent online calculation of loan parameters, such as the amount of the monthly payment and the total overpayment of the loan based on the amount and term of the loan desired by the borrower, as well as the interest rate. After completing the calculation, you will receive a detailed payment schedule containing detailed information about each monthly payment, namely: the total amount of the payment, how much of this amount goes to pay off interest, and how much to pay off the principal, and the remainder of the principal.

It is very convenient to use an online calculator for calculating a loan. You can carry out any calculations without resorting to the help of specialists.

Interest rate

The interest rate is the cost of the loan offered by the bank. Each bank has its own programs for lending to the population and offers different interest rates. Even within the same bank, the interest rate can vary greatly under different conditions. It may depend on factors such as the age of the borrower, his credit history, the purpose of the loan, the amount of the loan, and the availability of guarantors. It happens that banks provide their regular customers (for example, holders of debit cards or people who have already used a loan) more favorable credit terms than customers "from the street". You can find out the current interest rates of banks on the websites of these banks.

Monthly payment type

Another parameter that affects the calculation result is the type of payment. An annuity payment is such a payment in which the amount of the monthly payment remains unchanged throughout the entire term of the loan. Differentiated is a type of payment in which the amount of the monthly payment decreases towards the end of the loan term. This happens due to the fact that the share of the principal debt remains unchanged, and the share of interest decreases every month, as the total amount of debt decreases. The most common type of payment is annuity.

It is convenient to use the loan calculator to compare the results at different initial values, thus choosing the optimal loan conditions for yourself. The ability to save the results obtained will further simplify this process.

Our bank calculator will calculate the loan in one click. Just specify the parameters of the requirement you are interested in. loan and the program will make a preliminary calculation in an automated manner. The monthly payment schedule will be generated under the form and will contain a table of payments divided by the principal amount of debt and interest.

Bank calculator for calculating a consumer loan in cash

Before registering a consumer loan, many citizens are interested in the conditions under which lending takes place. How much will I have to pay per month? How much will I overpay for the entire period? What is the percentage of overpayment on a future cash loan? These are common questions people are looking for on the internet in 2019 and will be looking for 2020, 2021 and beyond. Our specialists have developed a universal loan calculator that works completely online, which will help you answer them.

Let us describe in detail how to independently work correctly with this calculation program.

What can this calculator calculate?

Calculating a loan correctly does not require any special knowledge. Our program is designed in such a way that it will be easy for both average individuals and retirees to use it. Previously, you can set 4 parameters in the form:

• Cash loan amount(200000, 500000, 800000 or any other). By moving the slider, the maximum amount will be 15,000,000 rubles, but you can enter any arbitrary number.
• Loan terms, which can also be absolutely anything - a year, 2 years, 3 years, 4 years, 5 years, 7 years, but the slider is set within 6-180 months.
• Interest rate loans. We set 8.9% as the minimum value, and 49.9% as the maximum. But you can also put the figure that is convenient for you - 15 per annum, 18 per annum, 16 per annum or 20 per annum.
• And the last one - type of payments... If you plan to pay the loan in equal payments (annuity), then select the "Equal" tab. If you want the amount of the monthly payment to become less over time, then put the active tab "Reduced" (differentiated).

Having configured these conditions, you just have to click on the "Calculate" button. Online math formulas will instantly provide you with data on the following parameters:

• The amount of the monthly payment, in rubles.
• Initial loan amount.
• Full cost (initial + interest).
• Total overpayment (interest in rubles).
• Overpayment ratio, as a percentage.

Usually, after a preliminary calculation, visitors talk about the calculator on social networks, and also rate it. Other people use it to see how convenient and useful our program is to use. And the reviews help to form a consensus about the functionality and usability of the calculator.

Scheduling payments or how to calculate loan payments

To solve this issue, you also do not need to have specialized skills. After receiving the initial data, a table will open under the form, which will reflect an approximate payment schedule for a future short-term or long-term loan. It will present the following data on a monthly basis:

• month number;
• the exact date of the payment;
• the amount of the monthly payment (principal debt, including interest);
• the amount of the principal debt in the payment;
• the amount of interest in the payment;
• the balance on the loan after payment of the payment.

Below the table of payments there will be a total row, which accumulates the full cost and overpayment of the loan. You will understand how much to pay for a loan under the selected conditions of borrowing funds. The presented data will also be sufficient to estimate the preliminary early repayment.

Selection of a profitable cash loan

After you calculate the amount of debt yourself, you will have access to a block with the most popular loan offers. The site team tried to collect in one place the products of many banks in Russia. The convenient location of the information will help you submit applications to several banking institutions and, after receiving approval, take money from any branch of the bank.

We hope you found our bank calculator useful!

Which can be arranged at a low rate, according to a simplified scheme and with a minimum of documents. The client's task is to assess the profitability of banks' offers.

Features of the online loan calculator

Our online consumer loan calculator is a convenient service in which the user can make calculations himself, without contacting the bank. Specifically, the calculator allows you to:

• Calculate the full cost of the loan - taking into account the principal debt and "dripping" interest;
• Take into account the calculation scheme used by the bank - annuity or differentiated payment;
• Include in the calculations all commissions and additional payments - one-time or regular;
• Select loan offers based on the parameters entered in the calculator;
• See information in the form of a diagram and a summary payment schedule that can be saved and printed.

Thus, even at the preparatory stage, the client will calculate the financial burden in the calculator. This will help you compare several loan programs and choose the one that promises fewer risks. The calculator also saves time: now you do not need to contact each bank separately to request an approximate payment schedule.

What parameters are used for the calculation?

What does a bank client rely on when choosing a loan? On credit terms. They are already taken into account by the online calculator site, in which you need to enter the entire set of parameters - the loan amount, rate, term, payment scheme, etc. More details:

• Amount of credit. We are talking about the amount of funds that the client borrows from the bank (excluding interest, commissions and insurance). In 2020, the amount of consumer loans on average ranges from 30 thousand to 5 million rubles. If you provide the bank with a collateral, the amount grows significantly - up to several tens of millions of rubles.
• Interest rate. Represents the fee for the use of borrowed funds, expressed as a percentage. It is calculated in relation to the loan amount for a certain period (usually a year). Today the average rate is from 9 to 13% per annum. It is believed that this is the key condition for any loan. In addition to market dynamics, the rate is influenced by the client's credit history, his current financial burden and income.
• Term. This is the time for which the loan is issued. Judging by the current proposals of banks, it can be from six months to five years, but it is finally approved by the borrower himself. The longer the term, the less payment (and vice versa). The moment of issue is also important - the day from which the loan term started. That's when the bank starts charging interest.
• Repayment method. Otherwise, it is called a payment scheme, which exists in two versions - annuity and differentiated payments. Usually the bank determines the scheme for a particular loan, but sometimes the client himself chooses, based on which payment is more profitable for him.

The big plus of the calculator is that it takes into account all parameters, while borrowers simplify the calculations. For example, the only guideline when choosing a loan is the rate, hence the banks' advertising slogans about “the lowest interest rates”. In fact, additional payments can cover the formally advantageous rate, which is why an online calculator is so necessary: ​​with it, users accurately determine the amount of the overpayment, bypassing banking tricks.

Annuity loan payment

In addition to commissions, there is another loan condition that often escapes the attention of borrowers - the order of payments. The website calculator calculates annuity payments on a loan on a par with differentiated ones (you can indicate this by clicking on the appropriate button). In what way and why exactly in this way do banks calculate loans most often?

An annuity assumes that the bank calculates equal payments over the entire term of the loan. At the same time, in the first half of the term, the loan debt is practically not repaid, since the borrower's money goes mainly to interest. Payments are small, but due to this, the amount of accrued interest increases, and, consequently, the bank's profit increases.

Differentiated loan payment

With a differentiated payment, the loan debt is repaid evenly, starting from the first payments, and interest is calculated based on the actual balance. Therefore, each subsequent payment will be less than the previous one, which reduces the cost of the loan. In case of early repayment with this type of payments, the borrower can significantly save on the interest paid.