A number of banks, to determine the maximum loan amount, use the notional calculated value of the “cost of living”. This calculation is produced by analysts of a particular credit institution. The total income of all family members is taken as a basis. Assume that both husband and wife work in a family with two children. The salary of the husband is 20,000, the wife is 15,000 rubles.
By its decision, the bank establishes the amount of money necessary for the full provision of life of one person. Assume that for a given region of residence it is equal to 5,000 rubles. Total, for a family of 4 people, 20 000 rubles per month is required for life. It turns out that the remaining 15,000 rubles from the total income of the family is the amount of the maximum monthly payment that this family can afford.
Calculate the maximum amount of the loan based on the period for which you take the money and the interest rate set by the bank. If you want to take out a loan for 5 years, i.e. 60 months, for example, at 25% per annum, the maximum loan amount will be 720,000 rubles by this calculation.
Other banks and, in particular, Sberbank use a slightly different formula to determine customers’ financial capabilities. Based on the certificate on Form 2 – NDFL provided by the prospective borrower, his total income for the last six months is calculated from which mandatory payments are then deducted: taxes, alimony, $ repayments on other loans, etc. The remaining amount is divided into 6 months so that the average monthly net income (DSR) is obtained. This indicator is used to calculate the customer’s solvency.
To determine solvency, Sberbank uses a system of coefficients (K) that change its value depending on the average monthly income. So, if DSR is less than 15 000 rubles, K = 0.3 if DSR is more than 15 000, but less than 30 000 rubles, K = 0.4, with income from 30 000 to 60 000 – K = 0.5 and K=0.6 if your average monthly income is more than 60 000 roubles.
maximum allowable amount, which includes interest and principal payments, is calculated using the formula: B = DSR * K * m, where m is the term lending in months. And the maximum allowable loan amount (Skr) from here will be: Skr = B/(1 + St/100 * m/12). For the value of the Ste in this formula accept the lending rate as a percentage.