Unfortunately, not all bank customers who use a variety of loans and credit, understand the difference between the annuity and differentiated payment on the loan.Therefore, when a person when you make another transaction schemes offer a choice, he relies on the opinions of a bank employee, or (worse) acts at random.As a result, the borrower often do not understand what it pays, why such a sum, where he has the arrears.
annuity scheme calculations
If a person makes out at the mall or supermarket installments for the purchase of goods (consumer credit), differentiated payments he is unlikely to be offered.The fact that the annuity scheme of repayment allows even generate a graph to the contract.Payments for the entire period of the loan is calculated using a special formula so that they were equal.Can vary only the latter amount being in greater or smaller side.
This scheme is used by banks due to the fact that the maintenance annuity loan does not require additional resources, everything happens automatically.The client knows what his payment, and carries out the monthly repayment.If we consider this scheme to the position of the borrower, it is considered to be less profitable than the differentiated loan payment.In fact, if the interest is calculated on the residual amount of the debt (and this is possible regardless of the graph), you can not talk about the financial benefits of either option.Just when annuity repayment client slowly extinguished the loan amount, so the final overpayment will be more.On the other hand, the borrower is much easier to pay off the bank, clearly knowing the monthly payment amount.Especially if the contract provides for early fulfillment of obligations, no one bothers him to pay more than indicated in the chart.
Differentiated scheme
Another call it classic.Experts in the field of credit, as a rule, it is recommended customers to choose it.The fact that the calculation of differentiated loan payments made simpler and more transparent.Each borrower using conventional calculator can do it yourself.In this case, it is the body of the loan is divided into equal amounts (by the number of months of credit), and interest is charged on the remaining debt.Thus, it decreases with time schedule.Differentiated loan payment each next month will be different from the previous one.This is its main drawback.That is, the client before to make money in the cash register or terminal, either consult with your schedule or specify the amount of a specialist.
differentiated payment on the loan is not very convenient and that the first contributions are very different in a big way.This means that the circuit can be the borrower simply can not afford.
How to Choose
People who do not have the time and opportunity each time to go to the bank to clarify your payment is likely to suit the annuity.And if you repay it ahead of schedule, and the overpayment will not be as high.Those borrowers who are accustomed to strictly follow the schedule, of course, more appropriate classical scheme of repayment.Of course, if they do not scare the first payment.So and differentiated timetable and annuity has its positive and negative aspects.
