Advice 1: How to calculate interest under the loan agreement

The loan is reimbursable transaction, and the law has provided not only his return, but the recovery percent. The lender is entitled to receive from the borrower of percent on an amount of loan in sizes and in the manner specified in the contract. In the absence of the contract terms of the size of percent their size is determined existing in a residence of the creditor, and if the lender is a legal entity, its location the Bank interest rate (refinancing rate) at date of payment by the borrower of the debt or its corresponding part (article 809 of the Civil code of the Russian Federation).
How to calculate interest under the loan agreement
Instruction
1
The calculation of interest at the refinancing rate is as follows:
Taken the amount of the loan. It is established by the contract.
2
The amount of the loan divided by the number of days in a year.
According to paragraph 2 of the Resolution of Plenum of the Supreme Court and the Plenum of the Supreme Arbitration Court of the Russian Federation from October 8, 1998 n 13/14 "About practice of application of the provisions of the Civil Code of the Russian Federation about percent for using another's money resources" the number of days defined as 360.
3
Multiply the resulting amount by the number of days of the loan.The number of days is calculated from the moment of conclusion of the contract of the loanor other time provided by the contract or by law (eg, from the date of overdue repayment of the loan) and up to the date of actual repayment amount of the loan, either before the date of submission of the application to the court. In the case of proceedings in the court of the interest on the contract loan will be calculated on the date of the decision of the court. But after the pronouncement of the court, you can calculate the interest on the date of the judgment and until actual payment and also to recover them.
4
Multiply the resulting number by the percentage of the refinancing rate set by the Central Bank at the time of calculations.Refinancing can be found on the official website of the Central Bank of Russia.
5
The resulting amount will be the sum of percent on the contract of the loan.
6
Here is an example:
Amount of loan- 50,000 rubles.
The number of days of the loan 50.
Take the rate of 8%.
The calculation will look like this:
50 000(rubles) / 360(days in year) x 50(days of the loan) x 8%(the refinancing rate) = 555 rubles 55 kopecks(amount percent).

Advice 2 : How to calculate interest on a loan agreement

When repayment of funds borrowed by the contract of loan, the question arises: as the interest for the use of funds? The fee for the use of borrowed funds can be directly specified in the contract. If the interest rate is not set, then the borrower shall pay to the creditor interest in accordance with the refinancing rate set by Central Bank at the time of repayment of the loan.
How to calculate interest on a loan agreement
You will need
  • Calculator loan agreement
Instruction
1
At the conclusion of the contract of the loan make sure that the question of payment of interest was clearly spelled out in the document. Unlike a loan, the loan can be granted on a free basis. But in this case such a condition should be expressly stated in the contract. If you are going to receive from the borrower interest, specify in the contract of loan , their amount and procedure of payment.
2
Interest on the contract loan may be denominated in cash or in kind. If you prefer the natural form of the payout will reflect this when drawing up the contract.
3
With the participation of a second party involved in the transaction, calculate interest on a loan, based on the terms of the contract. To do this, define the following indicators: amount of the loan, which accrued interest; the interest rate (monthly or annual); the dates on which the borrower will pay the percentage; number of calendar days in the period for which accrued interest.
4
Consider the calculation of the number of days in the year (365 or 366) in a specific month (30, 31, 28, 29 days). Interest is charged from the day that follows the day of granting the loan and on the day that you will return the principal amount (inclusive).
5
Determine the amount of interest on the loan obtained by the following formula:Interest = Amount of loan x Annual interest rate : 365 (366) days x the Number of days in the period for which accrued interest.
6
If the interest rate on the loan is not directly specified in the contract, in this formula instead the substitute rate of refinancing established by the Central Bank on the payment date, example:Amount of loan - 10000 rubles.
The number of days of the loan - 60.
Central Bank's refinancing rate to 8.25%.The calculation will look like this:
10000 (rubles) : 365 (days per year) x 60 (days of the loan) x 8,25% (the refinancing rate) = 135 R. 61 kopecks (the interest amount).
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