Instruction

1

The calculation

Taken the amount

**of interest**at the refinancing rate is as follows:Taken the amount

**of the loan**. It is established by the contract.2

The amount

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.

**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 loan**or 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

The number of days

Take the rate of 8%.

The calculation will look like this:

50 000(rubles) / 360(days in year) x 50(days

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**.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

The number of days

Central Bank's refinancing rate to 8.25%.The calculation will look like this:

10000 (rubles) : 365 (days per year) x 60 (days

**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).