Population and banks: charging of the interest rates for credit

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PDF: Author(s): Goncharov A. I., Goncharova M. V.,
Number of journal: 3(24) Date: August 2013
Annotation: Banks, issuing the credits, which are mostly borrowed by the individuals, charge the interest rate by several methods. Establishing the price of their goods, credits, in the form of the interest rate, the banks take into account a lot of factors, which are reduced to the ratio between the demand and offer of money at the financial market, as well as to the regulating influence of the Central bank for establishing the boundaries of the rates for credit. By means of specific examples the article has investigated the charging of simple interest rates, discounting the bills, charging of complex and continuous interest rates, financial rents, and methods of paying off by borrower, the individual, of the interest rate for credit, being implemented by the largest Russian commercial bank.

bank, credit, borrower, simple percentages, compound percentages, continuous percentages, financial rent, payments

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