Example of calculation with the interest rate of 8.73% Pwithin the loyalty program: For a credit of 750,000 MDL with a term of 25 years, the monthly payment is 6,157.54 MDL (principal and related interest). The effective annual interest rate (EAIR) is 9.18%, ,and the total amount payable (credit amount + all related costs) is 1,860,263.18 MDL.
Example of calculation with the interest rate of 9.23% - standard: For a credit of 750,000 MDL with a term of 25 years, the monthly payment is 6,414.33 MDL (principal and related interest).The effective annual interest rate (EAIR) is 9.73%,and the total amount payable (credit amount + all related costs) is 1,937,303.28 MDL.
Example of calculation with interest rate of 9.73% in case of non-standard income: For a credit of 750,000 MDL with a term of 25 years, the monthly payment is 6,675.02 MDL (principal and related interest).The effective annual interest rate (EAIR) is 10.27%,and the total amount payable (credit amount + all related costs) is 2,015,509.61 MDL.