How to calculate the maximum loan amount
Maximum amountcreditcalculated on the basis of the borrower's income. If it is not enough to get the requested amount, the bank offers to take a co-borrower, whose earnings will also be taken into account when calculating the solvency. They can be, as a rule, a close relative of the borrower (parents, husband or wife, children). ATamount ofincome includes wages for both primary and secondary employment, as well as pensions, scholarship grants, interest on deposits, income from property leasing, dividends on shares, etc. The main thing is that a potential borrower had the opportunity to confirm them.
Further, from the borrower's income or the total family income, all mandatory payments are deducted, which include taxes, utility bills, payments on existingcreditm, tuition fees, alimony, etc. At the same time, if the borrower has dependents, the established living wage is deducted from the income for him, as well as for each dependent.
The difference resulting from the deduction of the total income of the borrower or co-borrowers and mandatory payments represents the net income remaining at the disposal of the family. Based on it, and the maximum amount will be calculatedcredit. At the same time, the size of payments on a loan, as a rule, does not exceed 40-50 percent of it.
For example, if the net income of the borrower minus all mandatory payments amounted to 10 thousand rubles a month, then the payment on the loan with interest will not exceed 5,000 rubles. In this case, the maximum amountcreditfor 5 years it 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 amountcreditwill be equal to 260 000 rubles.