Minimum credit card payment: what is it and how is it calculated? Monthly loan payment: we pay correctly in order to avoid claims from the bank Share of payment for loan repayment 5 letters.
Credit - getting money on loan. Regardless of the type of loan, the main condition for issuing is its urgent return. This means that the money must go to pay off the debt on a specific day. At the same time, payments are of two types: annuity and differentiated. Let us consider further how the types of loan payments differ, and which one is more profitable.
Most often, banks offer customers to pay the loan with equal monthly installments. This type of payment is called annuity. The amount to be paid consists of part of the principal and overpayment. At the same time, the share of the principal debt in the first months is small, and the main part of the amount payable consists of accrued interest.
There are two types of loan payments. Which one to choose is up to the borrower
There are two options for calculating: manual and calculator. Credit calculator located on the site of any large bank... With the help of such a tool, you can determine the amount of interest, the amount used to repay the loan, the amount of overpayment.
Let's give an example. The client issued a loan for 100 thousand rubles, for a period of 24 months at a rate of 18% per annum. The graph will look like this:
Payment no. | the date | Sum | Main debt | Interest | Commissions | Remaining principal debt |
1 | December 2017 | 4 992,41 | 3 492,41 | 1 500,00 | No | 96 507,59 |
2 | January 2018 | 4 992,41 | 3 544,80 | 1 447,61 | No | 92 962,79 |
3 | February 2018 | 4 992,41 | 3 597,97 | 1 394,44 | No | 89 364,83 |
4 | March 2018 | 4 992,41 | 3 651,94 | 1 340,47 | No | 85 712,89 |
From the table we see that maximum size percent - in the first months, and it gradually decreases. On the contrary, the share of the principal debt in the monthly payment is increasing. Based on this feature, the annuity scheme is beneficial to those clients who have taken out a short-term loan. For long-term loans (mortgage, car loan), it is better to choose a differentiated one.
The manual payment scheme implies some knowledge of economics and basic computational skills. In the loan agreement, if an annuity scheme is chosen, the following formula is given:
where x is the amount of the monthly payment,
S - loan amount,
P - (1/12) interest rate,
N - lending period in months.
The formula is quite simple, but it is worth paying attention to the indication of the interest rate. It is given not in annual but monthly equivalent. You can also find out the amount of overpayment: the monthly payment received must be multiplied by the number of months of the loan (1 year - 12 months, 3 years - 36 months, etc.). From the resulting value, you need to subtract the size of the loan itself.
Differentiated payment
With a differentiated scheme, the client pays different amounts every month, which are gradually reduced. The payment amount also consists of the principal and interest, but unlike the annuity payment, most of the payments are the principal. Let's give the same example, but with a differentiated circuit:
Payment no. | the date | Sum | Main debt | Interest charges | Commissions | Remaining debt |
1 | December 2017 | 5 666,67 | 4 166,67 | 1 500,00 | No | 95 833,33 |
2 | January 2018 | 5 604,17 | 4 166,67 | 1 437,50 | No | 91 666,67 |
3 | February 2018 | 5 541,67 | 4 166,67 | 1 375,00 | No | 87 500,00 |
4 | March 2018 | 5 479,17 | 4 166,67 | 1 312,50 | No | 83 333,33 |
5 | April 2018 | 5 416,67 | 4 166,67 | 1 250,00 | No | 79 166,67 |
Unlike the previous calculation, where monthly payment amounted to 4992 rubles. here it is higher, but decreases monthly. In addition, if, with the annuity method in the first month, the amount of payment of the principal debt was 3492 rubles. and gradually decreased, then in this case it is stable and amounts to 4166 rubles.
The diagram clearly shows the differences in payments
Of course, almost every client is concerned about the final amount of the overpayment. In this case - 18,750 rubles, and with an annuity scheme - 19,818 rubles. I.e differentiated payment more profitable, but there is a nuance here: if you plan to repay the loan earlier, then when paying within the first 3-5 months of using the loan, it is better to choose annuity payment... And if partial early repayment or payment of the debt in full in 1-2 years, it is better to choose a differentiated option.
The formula for manual calculation also exists and is spelled out in the loan agreement. The calculation is carried out in a number of stages:
- determination of the main part of the debt to be paid:
Payment = loan amount / loan period (in months);
In our example, the principal amount is as follows:
100,000/24 = 4166, 67 rubles; - determination of the percentage:
Payment = Remaining principal * annual rate / 12
In our example, the amount of interest payable in the first month:
100,000 * 0.18 / 12 = 1,500 rubles; - determination of the final amount to be paid:
RUB 1,500 +4,166.67 RUB = 5666.67 rubles.
Thus, the calculation is fairly straightforward. The amount will decrease on a monthly basis as the principal will also decrease. This must be taken into account in the formula.
Choosing the type of payment for a mortgage
The types of mortgage loan payments are the same as for any other type of loan, but the loan itself involves large amounts for a fairly long credit period(10-30 years old).
Consider an example: a mortgage for 10 years, the amount of 1 million rubles, at a rate of 12% per annum. If an annuity type is issued, then the overpayment will be 721,651 rubles. If the type is differentiated, then the interest is 605,000 rubles. The overpayment is really lower. But the choice of the scheme must be carried out based on the possibility of paying the loan ahead of schedule.
If you plan to pay off the mortgage during the first half of the year, then with an annuity scheme you will need to pay 43,560 rubles. percent, and with a differentiated scheme - 49165 rubles, that is, more. Therefore, it is better to choose an annuity payment in the event of such an early closure of the contract.
If the mortgage is paid off later, then it is better to choose a differentiated payment type. You can contact a bank specialist to calculate the amount of debt in case of early repayment. It is worth remembering that early repayment must necessarily be supported by a statement, otherwise the funds will simply remain in the account and will not be debited.
Mortgage payments should be selected based on the borrower's ability to pay
Advantages and disadvantages of payment types
As found above, the types of loans - annuity and differentiated - differ from each other. Both schemes have the right to exist, since their benefit for the client depends on the conditions for using the loan. Let's present the main differences of the schemes from each other:
- the amount of overpayment when the loan is repaid on time under the agreement is less with a differentiated type;
- with a differentiated scheme, as a rule, the requirements for the borrower are stricter;
- the annuity scheme assumes a large interest payment on the initial loan terms;
- the annuity scheme is more convenient for payments, since it is fixed. Differentiated is easier to work with if you have an economic education.
Thus, having specified what types of loans are, it can be argued that each client must select a scheme independently based on certain circumstances. Some banks offer two payment schemes, for example, Sberbank, but most use only one annuity because it is beneficial for the financial institution and convenient for the client.
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By concluding a loan agreement, you always receive a payment schedule that must be followed. Violation of it will lead to the fact that the bank will apply penalties to you, which are also spelled out in the loan agreement. The borrower undertakes to make the monthly loan payment on time and in full.
Only when concluding a loan agreement, the manager is in no hurry to tell in detail about the payment scheme, hoping that the borrower will sort it out. And if the manager talks about the payment procedure, then the borrower does not really listen to him, wanting to finish the process of signing the papers as soon as possible and get his money.
All this leads to the fact that the borrower may inadvertently disrupt the payment schedule, as a result, the bank will impose a fine on him and may enter the fact of late payment in credit history... So let's figure out how to make monthly loan payments correctly.
Examining the payment schedule
It must be attached to the loan agreement. You will receive the basic information on payments from this document, so take care of its safety until the complete closure of the loan debt.
The payment schedule is a table that reflects all aspects of the loan repayment. Initially, this graph may seem like a bunch of numbers, but if you study it more closely, you can get comprehensive information about the repayment of your loan.
The graph consists of columns and rows. Lines are each month of the life of the loan. For how many months you took out a loan, the term will be in the schedule.
The graph contains the following columns:
1. Serial number of the month of the life of the loan.
2. The amount of the monthly payment. As a standard, banks use an annuity payment scheme, so the amount of the monthly payment is always the same.
3. Decoding of the monthly payment: how much is spent on interest, how much is spent on paying off the principal debt.
4. Residual debt on the loan or the amount for early repayment.
Date of debiting: the main mistake of borrowers
The payment schedule indicates the date when funds were debited. On this date, the money should already be in the credit account. At the end of the day, the system automatically debits funds from the account in the amount of the monthly payment specified in the schedule. If the required amount is not found, the bank will impose a fine. Even if one penny is not enough for writing off, the system will not be able to pay the loan, the monthly payment will be considered overdue.
Borrowers are often mistaken in assuming that the date indicates the day on which the payment should be made. They wait until the last, pay off the loan on the date of write-off, and then they are surprised at the bank's claims and the imposed fines. On the date of debiting, the money should already be in the account. Keep in mind that the payment is not executed immediately, the terms of the transfer depend on which method of repayment of loans you used.
Payment methods and terms of its crediting
Usually, when signing a loan agreement, the borrower is told by what methods he can pay off debts, often a paper with a description of the methods is put in the package of documents. You can use any, but take into account the time of crediting of funds.
1. Cash desk of the creditor bank or its ATM. This is the only option in which money is transferred to the account on the day the payment is made. Only when paying for the loan in this way, you can deposit money on the date of debiting funds.
2. Cashier third party bank or his internet bank. In this case, an interbank transfer will be made, which is carried out within three days.
3. Mail. Although the post office has now accelerated the time for transferring funds, banks still recommend making payments 7 days before the date of debiting.
4. Salons Svyaznoy, Euroset, MTS. Money is transferred within three days.
5. Terminals Kiwi, Eleksnet. Payment transfer will also take up to three days.
Payment fees
Without charging commissions, the payment will be taken from you only at the bank that issued this loan, in other cases the commission of the intermediary is provided for, who accepts and conducts the payment.
Most often, the commission is set at 1% of the loan amount, but not less than 50 rubles. But each intermediary sets his own fee, so everything is different everywhere. For example, when paying through Qiwi terminals, a different commission is set for each bank.
If you pay more than indicated in the schedule
The schedule indicates the mandatory monthly payment that you are required to pay each month to the credit account. You cannot pay less than this amount, but more - no problem.
But keep in mind that the bank will still write off only the amount indicated in the schedule, the rest of the money will simply remain in your credit account. And next time you can deposit less, given that some of the money remained on the credit account.
If you want to deposit more, then issue a partial early repayment. Each time, before making a payment, contact the bank and write a statement indicating how much you want to pay.
Then, on the date of debiting, the bank will write off the entire amount, which will entail a change in the payment schedule and a decrease in overpayment. The bank can calculate the monthly payment in the direction of its decrease, leaving the loan term unchanged. Or the payment will remain the same, but the loan term will be reduced due to partial repayment credit debt.
The concept of "mandatory payment on a loan" is most often associated with the use of credit bank cards... The main feature of bank cards credit type it is customary to call the possibility of paying for purchased goods / services not only with their own funds (stored on the account of such a card), but also with the involvement of a certain amount of borrowed resources.
Naturally, the use of borrowed funds cannot be completely free of charge. Most credit cards have a certain grace period borrowed money... Debt repayment later than the grace period is similar to the payment of a regular loan.
The essence of the term "mandatory payment"
Mandatory loan payment is usually called the minimum amount Money, which the borrower undertakes to deposit to the lender's account before the onset of the border payment date for the loan. In other words, the obligatory loan payment is the minimum payment for repayment of borrowed funds, below which the borrower cannot lower the loan payment.
Using borrowed funds with credit card has a number of features:
- The amount (or amount) of obligatory loan payments usually depends on the amount of debt of the card account user. Banks often set a limit below which the minimum payment, in principle, cannot be dropped.
- The bank's client has the right to pay off credit card debt in a non-one-time payment. Often, it is enough for a financial institution that the borrower only makes a mandatory (minimum allowable, according to the card service agreement) payment. Typically, such a payment is no more than 5% of the borrower's principal debt.
- To use borrowed funds from a credit card on favorable (preferential) terms for the borrower, it is important to carefully monitor the border deposit time minimum payment on a loan. Otherwise, the financial institution has the right to charge the borrower with penalties for late payment of the loan.
Border date of payment on a loan is usually called the end date of the next payment period, lasting 20 or 25 days, starting immediately after the end of the settlement period on the card. The grace period for crediting, in this case, is the combination of one payment and one reporting period, which can last from fifty (20 + 30) to fifty-five (25 + 30) days.
When drawing up a new card agreement and issuing a credit card, employees of financial institutions must inform their clients about the last day of drawing up a credit statement. This document will detail all the expenses incurred by the credit card for the specified time period. The date of the statement submission will be considered calculated.
It turns out that financial institutions allow the credit card holder to independently and flexibly regulate the debt repayment process. The client undertakes to monthly pay only the obligatory minimum to repay the loan without any restrictions on the terms of use credit funds.
The terms of using credit funds from a card account, as a rule, are limited only by the validity period of the card itself. Further, a card with a certain credit limit can be reissued (reissued) free of charge, while the cardholder's account will remain the same as the client's obligations to repay the loan on time.
How do banks form the minimum payment?
Three different strategies can be used to form the minimum loan payment:
- The minimum payment can be calculated as a certain percentage of the amount outstanding. From the total loan amount, the bank calculates the interest specified in the agreement, often equal to five percent, which will be the minimum loan payment;
- Sometimes the minimum payment is called a certain amount of money as a percentage, which is deducted from the total amount of loan funds provided. In other words, it is the sum of the percentage of the total limit of the loan funds provided to the borrower;
- The minimum payment can be fixed amount pre-calculated by the bank's employees and voiced to the client.
How is credit card debt repaid?
When calculating the final loan payment, the bank's client should take into account not only the selected scheme for forming the mandatory payment. When calculating, it is imperative to take into account the following components of the payment:
- Various commissions. Most often, withdrawing cash from a card account implies a certain bank commission, which for withdrawing your own funds is slightly lower than for withdrawing borrowed funds. Also, a commission may be charged when transferring funds from card to card, upon receipt by the client additional services insurance, SMS-informing, etc .;
- Percentage of payment for the use of credit funds over the grace period;
- Potential forfeits, bank penalties or interest. Additional payments may arise when the client forgets to make the mandatory minimum loan payment on time.
How to clarify the size of the minimum loan payment?
To clarify the size of the minimum loan payment, it is logical to contact the employees of your partner bank, who will always be able to help and answer all the client's questions. As a rule, the program calculates the minimum loan payment automatically, while the client receives only a statement.
At the request of the client, such a loan statement can be provided in in electronic format and sent by e-mail. Often, financial institutions provide SMS-informing services of this type.
How is the minimum payment paid?
To pay off the congestion before financial institution the client can use the following payment options:
- Funds can be transferred to the borrower's account from another account (card or other) opened in the same or another financial institution;
- If you wish, you can draw up documents in such a way that your wage transferred to a credit card, thereby paying off the debt;
- You can make a payment at the bank branch through the cashier;
- Funds can be transferred using an ATM or terminal, which have the ability to accept cash.
It is important to remember that some of the above methods of making a monthly payment on a loan may imply an additional commission deduction from the account.
In general, obligatory or minimum payments by credit card are required only if the client has a certain debt to the bank. If there is a sufficient amount of own funds on the credit card, there can be no question of any obligatory loan payments.
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Minimum credit card payment: what is it and how is it calculated?
Borrowers who have issued a credit card for the first time are faced with a new concept for themselves "minimum payment". Not everyone clearly understands what it is and how this value is calculated.
What is the minimum payment?
The minimum credit card payment is presented in the form of an amount, which in any case must be credited to the card account before the end of the billing period.
The minimum payment amount includes a part of the spent credit limit(principal debt) - usually this value is in the range of 5-10%.
For example, UniCredit Bank and Bank24.ru offer customers to pay at least 10%, VTB24 - 5-10% (depending on the type of card), Citibank - 3-5% (at least 300 rubles), TCS Bank - 6% (at least 600 rubles). Further, accrued interest, commissions, penalties and fines (when any) are added to this amount.
If at the end of the billing period the funds are not received, the obligations under the agreement on the part of the cardholder are considered unfulfilled, and a fine is imposed on the amount of the debt. More often it is a fixed amount, for example, 700 rubles. (Raiffeisenbank), RUB 300-1800 (Bank "Otkrytie"), 900 rubles, no more than 50% of the total amount of debt (GE Money Bank). But Sberbank in case of late payment will require a penalty of 36-38%.
The deadline for making a credit card payment may vary. It depends on the conditions of the bank, but in any case falls on the same day of each month, is interconnected with the date of the statement generation and the duration of the grace period for crediting. Some banks set the date on their own. For example, payments for " Universal map»Svyaznoy Bank must pass 5, 10 or 15, while some other lending institutions allow customers to set any number.
How do I calculate the minimum payment?
When calculating the minimum payment, two parameters must be taken into account:
- the percentage of the monthly payment to the approved limit;
- the minimum payment threshold set by the bank.
If the used credit limit is repaid using the minimum payments, the repayment can be delayed for an extended period. Accordingly, the borrower will pay more interest.
If the tariffs for banking services indicate that minimum amount the monthly payment is 300 rubles, and only 200 were spent on the card, which means that it is necessary to completely cover the debt (200 rubles +%). Naturally, you don't need to pay extra money to get exactly 300 rubles.
If you need to deposit, for example, 5%, and the amount of debt is 10,000 rubles. - you will have to pay 500 rubles. plus interest for using credit money. The bank takes a fee only for the funds spent, which means that the amount received is 500 rubles. you need to add the interest of the settlement period, calculated on the amount of the spent limit of 10,000 rubles. If the annual rate turns out to be at the level of 30%, the amount of interest per month will be 250 rubles. (10,000 * 0.3 / 12). Thus, the total amount of the minimum payment in the absence of other commissions and penalties will be 750 rubles. (500 + 250).
Is the minimum payment profitable?
If you return the spent limit with only minimal payments, you will end up with a large overpayment on your credit card. The fact is that most banks charge interest on the residual amount of debt, which passes into a new period. Therefore, it is advantageous not to split the payment into minimum portions, but to try to credit the amount in excess of the established minimum.
For example, if in the above example you pay not 500 rubles. the principal debt, and 6000, then in the next billing period the bank will accrue interest only on the remaining 4000 rubles, which in monetary terms will be 100 rubles. (4000 * 0.3 / 12), not 237.5 (9500 * 0.3 / 12).
User comments:
Boris
Good afternoon! Can the bank ignore the loan body when calculating the minimum payment?
Boris, the minimum obligatory credit card payment and its components are determined by each bank independently and fixed by tariffs.
In most cases, the monthly payment is calculated based on the amount of credit funds spent, but sometimes (for example, on OTP-Bank cards) overall size the established credit limit on the card.
Thus, in what amount and what the payment on your card will consist of, you need to specify in the corresponding tariff plan.
Sergei
I made the minimum payment and immediately withdrew 40% of it in cash. They call from the bank and say that I did it too quickly, they say the system did not see this payment. The bank demands to deposit more money, otherwise there will be penalties. Does the bank have the right to charge penalties in this case, because the fact of making the minimum payment is there, the bank's specialists see it?
Sergei
I understood it. But judging by the fact that after all withdrawals (interest, etc.) on the credit card, there was a positive balance, the bank did not suffer a bit. After all, I did not withdraw 100% of the deposited cash, but 40%, knowing that interest would be written off.
For some reason, rife. the bank in such cases simply drives the balance into a minus, and when you make the minimum payment, you immediately get an actual picture. Those. if min. payment of 20,000, let's say 0 rubles on the card, interest on the card is 5,000 rubles, then at the time of the card statement there will be a balance of 5,000 rubles, and when you make the minimum payment, the system will give you 15,000 rubles. Well, this is so, by the way.
The main question was the following. If after making the minimum payment, withdrawing 40% of it in cash and writing off all interest on the card, there is a positive balance (i.e. the bank does not bear losses), how much are the charges of fines and penalties legal?
Sergey, as a rule, the accrual of interest, fines, penalties and other bank fees occurs automatically and largely depends on the technical settings software... Thus, the tellers, it seems to me, simply gave you information from the bank database.
In the event that penalties will indeed be charged on your credit debt, you can draw up a written statement of your disagreement and demand that they be canceled. In case of refusal, contact the regulator - Central bank or resolve the issue through the court.
Sergei
faith
Good afternoon. Why do I receive a claim from the bank that I have a delay on my credit card, if at the moment there is money on the card for debiting. Or I don’t understand something.
Credit card for 15 thousand, all the money has been spent from it. Receives monthly SMS with the amount of the monthly loan payment. In February, there was an amount of 450 rubles, I put 550 rubles on a credit card to pay off the debt, but the money was not written off on time, and there was also a claim from the bank about the debt.
Faith, most likely, there is some kind of technical glitch. In this situation, you should contact the Customer Assistance Service by calling the numbers indicated on the back of your card for clarification, or directly to the Bank's branch.
vyacheslav
Vyacheslav, all amounts due on a loan or credit card are calculated and generated automatically using the appropriate software. Thus, errors are extremely rare, only due to a technical failure.
vyacheslav
valentine
Hello.
Is the minimum payment deducted from the total amount owed? And there is no interest for using the loan, do I understand correctly?
For example, my credit card debt is 20000r, minimal. payment of 5% of the amount, and interest is 26 per annum, how much will I have to pay and how much will be deducted from my debt?
Valentine, the principles of forming a monthly payment on a credit card are determined by the corresponding tariff plan. Unfortunately, you did not indicate which bank card you are using, therefore it is not possible to correctly answer your question.
The percentage of the principal debt included in the mandatory payment can be determined both from the amount actually spent on the card, and from the total amount of the established credit limit. But interest will only be charged on the amount of the used credit limit for the actual number of days.
On our website, to calculate the monthly payment by credit card, you can use a special - Credit card payment calculator, with which you can clearly see when and in what amount you need to replenish your credit card.
Vyacheslav
Vyacheslav, to calculate the amount of the monthly minimum payment, you can use the special one on our website. So, if the debt on your card is 16 475 rubles, you can pay off the entire amount of the debt in 11 months (if you no longer spend expense transactions, and repayment will be carried out in amounts of no more than mandatory payments), while monthly you will need to first deposit a little more than 1,000 rubles, and then the amount will gradually decrease to about 600 rubles.
Christina
The balance of the total debt under the report is 12909.83 RUR There are no requirements for repayment of the mandatory payment by 28-03-2016.
Please tell me how to understand this) how much do I need to deposit on the card in the end? Credit card for 15000 Sberbank
Christina, every month the Bank sends messages containing information about the amount, payment date, as well as the total balance of your credit card debt. In your case, most likely, as of the date of the report generation, the obligatory monthly payment has already been made, therefore, there is no need for additional replenishment of the card during the current payment period.
The balance of the total debt means the amount of the spent credit limit on the card as of the date of the report generation.
Elena
Good afternoon, can you please tell me if the bank can increase the monthly payment? Within 5 months, I made the amount of the monthly payment indicated in the Internet bank, but for last month the amount of the monthly payment increased by 40%
Elena, to find out the reason for the increase in the amount of the monthly payment, you can call the Customer Service at the phone number indicated on the back of your card, or go directly to the bank branch.
Unfortunately, it is not possible to prepare a correct answer to your question without information about the name of the credit institution you are a client of, as well as about your tariff plan.
Anna
Hello. Credit OTP card bank in the amount of 158,000. The monthly payment is about 7,500. There was a moment of severe delay, but all fines and penalties were paid. I recently found out that only 2,800 of the total amount of 7,500 go to pay off the debt. Is this normal? even if the annual 30%. Operators do not answer direct questions, pour water and do not help to figure it out. So how to figure it out ??
Anna, it is not entirely clear from what sources you found out that this amount is going to pay off the principal debt. Try using a special service on our website with which you can analyze how your monthly payment is broken down.
If you do not agree with any operations on your card, you have the right to draw up a corresponding written application at the Bank's branch.
Olga
Good afternoon! I used 40,000 from a Sberbank credit card with a limit of 50,000. Then I made a minimum payment of 5% of the debt. Question. Why did the available amount of 10,000 remain unchanged, because the minimum payment should have been deducted from it?
Olga, when you deposit funds on a credit card, the balance on it increases by the corresponding amount, and when the payment date comes, the amount of accrued interest and other bank fees is debited. All other funds become available again for further use.
Guzel
We use a Sberbank credit card. The threshold was 40 thousand, the limit threshold was raised to 50 thousand. Do we have to deposit up to 50 thousand now to close the card?
Ekaterina
Hello! Is it legal that the amount of the minimum payment includes only interest, excluding the principal? Situation: a credit card of a bank trust, for 100,000. For a year and a half they paid the minimum wage, they decided to close the card completely, and when they came to the bank branch to find out the balance of the debt, we were told that it was 108,000, ie debt not only did not decrease, but increased!
Ekaterina, according to the established rates for credit cards, the obligatory monthly payment consists of a part of the principal debt (as a rule, in the amount of 5% of the used credit limit), as well as the amount of accrued interest and other commissions of the Bank.
To understand this situation, I advise you to generate a report on the card yourself through the Internet bank or by contacting the Bank's branch and see for what reason the amount of existing credit debt changes incorrectly. In case of disagreement with these operations, you can write a statement of claim.
Anastasia
Good afternoon! Please explain what this means - the amount owed is 5000 rubles, the minimum payment is 0 rubles, the date of the minimum payment is 06/28/2016, as I understand it is necessary to pay 5000 rubles before June 28?
Anastasia, if your card statement indicates that the debt is a certain amount, this does not mean that all of it needs to be repaid before the end of the payment period. Here, the dates on which the expense transactions were carried out on the card are important, since it depends on which report they will end up in and when it will be necessary to pay off the debt. In this situation, apparently, the amount of the minimum payment required for payment in the current month was made by you earlier, or the expense transactions were made in the billing period, for which you will need to pay next month.
Thus, today you can completely rely on the available information, and until June 28, do not enter into mandatory cash in repayment of credit debt.
Alexei
Hello, please explain, I paid off in full for the position by the end of the grace period, I have 10 numbers and on the 15th I need to make a mandatory payment, do I need to make it if I have no debt to the bank. Russian Standard Bank
hope
hello, tell me please. I use a Sberbank credit card with a lemite of 25,000 rubles, I took 13,000 from it, later I put 6,500 in the end, 6500 remained for a long time, how much money should be put next time to completely close the loan, if the rate is 26% per annum and a mandatory payment On July 19, I already closed it, that is, on August 19, I need to put 6500 like that, or interest is already being charged and I need to put about 7 thousand.
Nadezhda, interest for using credit funds on the Sberbank card is charged on the reporting date, that is, you can see the exact amount required to fully repay the existing debt only after the 19th (if this date is the "report date" on your card).
Thus, the most optimal option for you is to either deposit the amount on the card until the credit limit is fully restored, and upon accrual of interest, add the missing amount; or, indeed, add a little more to the card with a margin, so that the interest on the use of credit funds will be debited from your own funds.
There is a very convenient service on our website that you can use to pre-calculate the monthly payment for your card.
Oksana
Hello. I use the card Sberbank momentum... I paid by bank transfer. And I took 4500 in cash. I want to pay off the full amount in settlement period... (In the report, only the minimum payment). The percentage is considered for the entire debt or for 4500.
Elena
Good evening! Help me figure it out) I have a credit card from Sberbank for 75,000, at 17%! At the moment, a purchase has already been made on it and now the amount of debt is 26,700, the minimum payment is 1980. If I spend another 30,000 from it? How will the interest be calculated ? they will be summed up? the minimum payment amount will be? The date of issue of the card is the 3rd day, i.e. the grace period from it is 55 days!
Elena, you can use your card at any time within the available balance of the credit limit on it. Unfortunately, you did not indicate the dates on which you made, and also plan to make purchases, so it is not possible to accurately answer your question.
Please note that if the date of the report on your card is set on the 3rd day, then the transactions made, for example, from September 3 to October 3 (inclusive) will fall into one billing period for which you will need to pay (make a mandatory minimum payment or pay off the entire the amount owed for the use of the interest-free crediting period) until October 23 (that is, before the expiration of 20 days after the end of the billing period).
To form a payment schedule, where you can see the amount for monthly debt repayment on your card, you can use a special service.
Svetlana
Hello! Issued in RNKB credit card MIR for 50,000. And this is what happened: the limit was exhausted, the 1st payment in the amount coincided with both my calculation and with your calculator; but the next payment is 1000 rubles more. When I turned to the operator, I received an answer that until I repay the full amount, half the price will increase every month! How is this even possible? Then it turns out not 30% per annum, but many times more ...
Svetlana, if you have a credit card with the RNKB with the "Standard" tariff plan, then the interest for using the credit is set at 30% per annum. There is no question of any progressive interest rate, that is, increasing in size over time. Most likely, either the consultant was not entirely competent, or you did not quite correctly understand the information presented.
Ilya
Sberbank credit card question: 1. Reporting period October 02, made a purchase 10, starting up 20,000 rubles. 2. On October 15, they made another purchase for 2,000 rubles. 3. On October 20, they put 2,000 thousand on the card (they paid off the debt of 2 thousand rubles) The amount of debt and the minimum payment will be calculated on the basis of only 20 thousand rubles or 20 thousand rubles + 2 thousand rubles? 2?
Ilya, if the 2nd day is the date of the report on your card, then all transactions made between October 2 and November 2 will be included in the current billing period. Thus, the amount of your debt will include both the purchase for 10 and 15 October.
Please note that when you deposit funds to the card, the debt for a specific operation (non-cash payment for goods and services or cash withdrawals, for example) does not occur, but the credit limit is simply restored for the amount deposited, that is, it becomes available again for use.
Please note that interest for the use of credit funds will be calculated at the end of the next billing period, that is, one month later. This is done so that you can take full advantage of the interest-free lending period, and even if its conditions are not met, in the next payment period, pay interest, which is charged according to a complex formula, including the exact number of days, within which you used this or that amount of borrowed funds.
The amount of the obligatory minimum payment will be 5% of the amount owed as of the date of the report, and if this amount does not exceed 2,000 rubles that you paid earlier, you will not need to make an additional payment.
On our site you will be helped to understand this topic
Alexander
Good day, I took a 30,000 Sberbank credit card from it for 26,000. I received an SMS with a minimum payment of 880 rubles, I paid 1200 but only 1000 came to the account, before that somehow it already happened, on the hot phone of the Savings Bank they did not really explain where the 200 rubles went?
Alexander, as a rule, such situations arise when a commission or interest has already been charged on the card for the use of credit funds. In this case, the required amount is debited automatically when replenishing the card account, which reduces the amount available for further use.
You can see detailed information in your card statement, for example, by generating it through Sberbank Online or by contacting a branch of the Bank in person.
Ekaterina
Good afternoon! I would like to get help in calculating the payment amounts. Sberbank credit card, limit 50 thousand, billing period 01, the card is empty now. How to replenish it further, with minimum payments? And when interest for using the card is withdrawn
Ekaterina, you can pay off the existing card credit debt amounts not less than the minimum mandatory payment, which consists of 5% of the spent credit limit plus interest and other possible commissions charged by the Bank. In this case, the interest will be calculated based on the established on your card tariff plan for the amount actually spent on the date of the card report generation.
Our site has a very convenient service for calculating the monthly payment. When you select the bank, the name of your card, and also enter the amount of the used credit limit, a schedule of monthly payments will appear on the screen with a breakdown of the amount to pay the principal and interest for using the card limit, which you can use when planning future expenses.
Please note that on a monthly basis the Bank will send an SMS message to your mobile phone containing the amount and date of the mandatory monthly payment, as well as the total amount of debt on your card.
Margarita
Good afternoon!! Can you please tell me what these horrible numbers mean? The line of the minimum payment is, it turns out, my debt ?? Since I put 1000 rubles on the card, the SMS notification about the received funds was removed, but they immediately went to the minimum payment (the amount was 1000 r more). Total available: 591.84 RUR Overdue debt: 0.00 RUR Minimum payment: 3 412.95 RUR repay until: 25.12.2016 Total debt: 49 693.29 RUR Locked: 0.00 RUR Own funds: 0.00 RUR Credit limit: 50 000.00 RUR Amount of payment in the grace period: 47 356.50 RUR until 25.12.2016
Margarita, for the correct use of your credit card, you must deadlines(in your case - until 25.12) to deposit on the card an amount of at least a mandatory monthly payment (you have - 3412.95), which is 5% of the total amount of debt on the card plus interest and commissions accrued by the Bank (if any). That is, after depositing 1000 rubles, you need to make another difference before 25.12 (2412.95).
At the same time, based on the figures you have given, the amount of the available credit limit, that is, the funds that you can use at the current time, is 594.84 rubles, respectively, total amount card debt - 49693.29.
Also, if you plan to use grace period lending and not pay for the use of credit funds, then by 25.12 you need to deposit 47356.50 rubles on the card.
Anastasia
Good afternoon!
Please help with the calculations. There is a card with a limit of 25000r. The beginning of the reporting period is the 13th day of each month. On October 25, a purchase was made for the full amount of the limit. Until December 3, there was a grace period with a mandatory payment of 1249.95 rubles. On November 23, a payment was made in the amount of 2000r. Then, on December 10, the amount of 4000 rubles was also paid. The report on the card was generated on December 12, 13 a new billing period began. On the 13th, I want to pay off my card debt in full. If during the reporting period, i.e. until the 12th) to close the debt completely, then the grace period is updated from the 13th. And if full payment happens on the first day of the new reporting period, does the grace period expire?
Anastasia, in order to take advantage of the grace period of crediting, you had to pay off the entire amount of the card debt by December 3. Now you can use the funds on the card within the available balance of the credit limit, but for the one spent in the past reporting period the amount will already be accrued interest. And in order to take advantage of the interest-free crediting period again, you need to pay off all the accumulated debt on your card by January 3.
Please note that the date of the report (if you have a Sberbank card) is included in the current billing period and is its last day, so you only have 20 days to repay this amount - that is, this is the most unprofitable option.
Article 5. Terms of the contract consumer credit(loan)
1. The consumer credit (loan) agreement consists of general conditions and individual conditions. A consumer credit (loan) agreement may contain elements of other agreements (mixed agreement), if this does not contradict this Federal Law.
2. To the terms of the consumer credit (loan) agreement, except for the conditions agreed by the lender and the borrower in accordance with part 9 of this article, is applied Civil Code Russian Federation.
3. The general terms and conditions of the consumer credit (loan) agreement are established by the lender in unilaterally for multiple use.
4. The lender should post the following information on the conditions for the provision, use and repayment of a consumer credit (loan) at the places of rendering services (places of receiving applications for the provision of a consumer credit (loan), including in the information and telecommunication network "Internet"):
1) the name of the creditor, the location of the permanent executive body, the contact telephone number for communication with the creditor, the official website in the information and telecommunication network "Internet", the license number for exercising banking operations(for credit institutions), information on entering information about the creditor into the corresponding State Register(for microfinance organizations, pawnshops), on membership in self-regulatory organization(for credit consumer cooperatives);
2) the requirements for the borrower, which are established by the lender and the fulfillment of which is mandatory for the provision of a consumer loan (loan);
3) the terms of consideration of an application for a consumer credit (loan) drawn up by the borrower and the lender's decision on this application, as well as a list of documents required for consideration of the application, including for assessing the borrower's creditworthiness;
4) types of consumer credit (loan);
5) the amount of the consumer loan (loan) and the terms of its return;
6) currencies in which a consumer loan (loan) is provided;
7) methods of providing a consumer credit (loan), including with the use of electronic means of payment by the borrower;
8) interest rates in percent per annum, and when variable interest rates are applied - the procedure for determining them that meets the requirements of this Federal law;
8.1) the date from which the interest for the use of a consumer credit (loan) is calculated, or the procedure for determining it;
9) types and amounts of other payments of the borrower under the consumer credit (loan) agreement;
10) ranges of values of the total cost of a consumer credit (loan), determined taking into account the requirements of this Federal Law for the types of consumer credit (loan);
11) the frequency of payments by the borrower when returning a consumer loan (loan), payment of interest and other payments on a loan (loan);
12) methods of repayment by the borrower of a consumer credit (loan), payment of interest on it, including a free method for the borrower to fulfill obligations under a consumer credit (loan) agreement;
13) the terms during which the borrower has the right to refuse to receive a consumer loan (loan);
14) methods of securing the fulfillment of obligations under a consumer credit (loan) agreement;
15) the responsibility of the borrower for improper performance of the consumer credit (loan) agreement, the amount of the forfeit (fine, penalty), the procedure for calculating it, as well as information on when these sanctions can be applied;
16) information about other agreements that the borrower is obliged to conclude, and (or) other services that he is obliged to receive in connection with the consumer credit (loan) agreement, as well as information about the borrower's ability to agree to the conclusion of such agreements and (or) the provision of such services or refuse them;
17) information on a possible increase in the amount of the borrower's expenses compared to the expected amount of expenses in rubles, including when a variable interest rate is applied, as well as information that a change in the exchange rate foreign currency in the past does not indicate a change in its exchange rate in the future, and information about the increased risks of a borrower who receives income in a currency other than the currency of the loan (loan);
18) information on determining the exchange rate of foreign currency in the event that the currency in which the lender transfers funds to a third party specified by the borrower when providing a consumer credit (loan) may differ from the currency of the consumer credit (loan);
19) information on the possibility of prohibiting the creditor from assigning rights (claims) to third parties under a consumer credit (loan) agreement;
20) the procedure for the borrower to provide information on the use of a consumer credit (loan) (if a condition is included in the consumer credit (loan) agreement on the use by the borrower of the received consumer credit (loan) for specific purposes);
21) jurisdiction of disputes on claims of a creditor against a borrower;
22) forms or other standard forms in which are defined general terms and Conditions consumer credit (loan) agreement.
5. The information specified in part 4 of this article shall be brought to the attention of the borrower free of charge. Copies of documents containing the specified information must be provided to the borrower at his request free of charge or for a fee not exceeding the cost of their production.
6. In the event the creditor attracts third parties to disseminate information on the conditions for the provision, use and return of a consumer credit (loan), such persons are obliged to disclose information in the amount and in the manner specified in part 4 of this article.
7. The general terms and conditions of a consumer credit (loan) agreement should not contain the obligation of the borrower to conclude other agreements or to use the services of a lender or third parties for a fee. The lender cannot demand from the borrower the payment under the consumer credit (loan) agreement of payments not specified in the individual terms of such an agreement.
8. When the borrower applies to the lender for a consumer credit (loan) in the amount (with a credit limit) of 100,000 rubles or more or an equivalent amount in foreign currency, the lender is obliged to inform the borrower that if within one year the total amount of payments for all available to the borrower as of the date of the appeal to the lender for the provision of a consumer credit (loan) obligations under credit agreements, loan agreements, including payments on the provided consumer credit (loan), will exceed fifty percent of the borrower's annual income, for the borrower there is a risk of non-fulfillment of obligations under the consumer credit (loan) agreement and the application of penalties to it.
9. The individual terms of the consumer credit (loan) agreement are agreed by the lender and the borrower individually and include the following conditions:
1) the amount of the consumer credit (loan) or the credit limit and the procedure for changing it;
2) the term of the consumer credit (loan) agreement and the term of the consumer credit (loan) repayment;
3) the currency in which the consumer loan (loan) is provided;
4) the interest rate in percent per annum, and when a variable interest rate is applied - the procedure for determining it that meets the requirements of this Federal Law, its value as of the date of providing the borrower with individual conditions;
(see text in previous edition)
5) information on determining the exchange rate of foreign currency in the event that the currency in which the lender transfers funds to a third party specified by the borrower when providing a consumer loan (loan) differs from the currency in which the consumer loan (loan) is provided;
5.1) an indication of the change in the amount of the borrower's expenses when the variable interest rate of the consumer credit (loan) used in the consumer credit (loan) agreement is increased by one percentage point, starting from the second regular payment, as of the next date after the expected date of concluding the consumer credit (loan) agreement ;
6) the number, size and frequency (timing) of payments by the borrower under the consumer credit (loan) agreement or the procedure for determining these payments;
7) the procedure for changing the number, size and frequency (timing) of payments by the borrower in case of partial early return consumer credit (loan);
8) methods of fulfilling monetary obligations under a consumer credit (loan) agreement in the locality at the location of the borrower specified in the consumer credit (loan) agreement, including a free method for the borrower to fulfill obligations under such an agreement in the locality at the place where the borrower received an offer (proposals to conclude agreement) or at the location of the borrower specified in the consumer credit (loan) agreement;
9) an indication of the need for the borrower to conclude other agreements required for the conclusion or performance of a consumer credit (loan) agreement;
10) an indication of the need to provide security for the fulfillment of obligations under the consumer credit (loan) agreement and the requirements for such security;
11) the purpose of the borrower's use of a consumer credit (loan) (when the conditions for the borrower's use of a consumer credit (loan) for specific purposes are included in the consumer credit (loan) agreement);
12) the responsibility of the borrower for improper performance of the terms of the consumer credit (loan) agreement, the amount of the forfeit (fine, penalty) or the procedure for determining them;
13) the possibility of prohibiting the assignment by the creditor to third parties of the rights (claims) under the consumer credit (loan) agreement;
14) the borrower's consent to the general terms and conditions of the consumer credit (loan) agreement of the corresponding type;
15) services provided by the lender to the borrower for a separate fee and necessary for concluding a consumer credit (loan) agreement (if any), their price or the procedure for determining it (if any), as well as confirmation of the borrower's consent to provide them;
16) the way of information exchange between the lender and the borrower.
10.In individual conditions consumer credit (loan) agreements may include other conditions. If the general conditions of the consumer credit (loan) agreement contradict the individual conditions of the consumer credit (loan) agreement, the individual conditions of the consumer credit (loan) agreement shall apply.
11. Individual and general terms and conditions of a consumer credit (loan) agreement must correspond to the information provided by the lender to the borrower in accordance with part 4 of this article.
12. The individual conditions of the consumer credit (loan) agreement specified in part 9 of this article are reflected in the form of a table, the form of which is established regulation Of the Bank of Russia, starting from the first page of the consumer credit (loan) agreement, in clear, well-readable type.
13. A consumer credit (loan) agreement may not contain:
1) a condition on the transfer to the creditor as security for the fulfillment of obligations under the consumer credit (loan) agreement of the entire amount of the consumer credit (loan) or part thereof;
2) a condition on the issuance of a new consumer credit (loan) by the lender to the borrower in order to repay the existing debt to the lender without concluding a new consumer credit (loan) agreement after the date of occurrence of such debt;
3) the conditions establishing the obligation of the borrower to use the services of third parties in connection with the fulfillment of the borrower's monetary obligations under the consumer credit (loan) agreement for a separate fee.
14. Changes in the individual conditions and general conditions of the consumer credit (loan) agreement shall be carried out in compliance with the requirements established by this Federal Law.
15. The borrower, in accordance with the procedure established by the consumer credit (loan) agreement, is obliged to notify the lender of the change in the contact information used to communicate with him, of the change in the method of communication of the lender with him.
16. The lender has the right to unilaterally reduce the constant interest rate, reduce or cancel the fee for the provision of services provided for by the individual terms of the consumer credit (loan) agreement, reduce the amount of the forfeit (fine, penalty) or cancel it in whole or in part, set the period for which it is not charged, or decide to refuse to collect a forfeit (fine, penalty), as well as change the general conditions of the consumer credit (loan) agreement, provided that this does not entail the emergence of new or an increase in the amount of existing monetary obligations of the borrower under the consumer agreement credit (loan). In this case, the lender, in the manner prescribed by the consumer credit (loan) agreement, is obliged to send the borrower a notice of changes in the terms of the consumer credit (loan) agreement, and in the event of a change in the amount of upcoming payments, also information on forthcoming payments and provide access to information on changes in the terms of the consumer loan agreement. credit (loan).
17. In the event that the individual conditions of the consumer credit (loan) agreement provide for the opening of a bank account by the lender to the borrower, all operations on such an account related to the fulfillment of obligations under the consumer credit (loan) agreement, including opening an account, issuing to the borrower and crediting to the borrower's account consumer credit (loan) must be carried out by the lender free of charge.
18. The conditions on the obligation of the borrower to conclude other agreements or to use the services of the lender or third parties for a fee in order to conclude a consumer credit (loan) agreement or its execution are included in the individual conditions of the consumer credit (loan) agreement only on condition that the borrower has expressed in writing his consent to the conclusion of such an agreement and (or) to the provision of such a service in an application for a consumer loan (loan).
22. In a consumer credit (loan) agreement, the parties may establish one method or several methods for the borrower to fulfill monetary obligations under the consumer credit (loan) agreement. In this case, the lender is obliged to provide the borrower with information on the method of free execution monetary obligation under a consumer credit (loan) agreement in the locality at the place where the borrower received the offer (proposal to conclude an agreement) or at the location of the borrower specified in the consumer credit (loan) agreement.
23. Interest rate under a consumer credit (loan) agreement cannot exceed 1 percent per day.
24. Under a consumer credit (loan) agreement, the repayment period of a consumer credit (loan) under which at the time of its conclusion does not exceed one year, the accrual of interest, penalties (fines, penalties), other measures of responsibility under a consumer credit (loan) agreement is not allowed , as well as payments for services rendered by the lender to the borrower for a separate fee under the consumer credit (loan) agreement, after the amount of accrued interest, penalties (fines, penalties), other measures of responsibility under the consumer credit (loan) agreement, as well as payments for services rendered by the lender to the borrower for a separate fee under the consumer credit (loan) agreement (hereinafter - the fixed amount of payments), will reach one and a half times the amount of the provided consumer credit (loan). The condition containing the prohibition established by this part must be indicated on the first page of the consumer credit (loan) agreement, the repayment period of the consumer credit (loan) under which at the time of its conclusion does not exceed one year, before the table containing the individual conditions of the consumer credit agreement ( loan).
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