When you need to do credit to the bank, the usual thing of note is the ceiling available with installment should you pay to finally pay off the loan. You do realize that you pay credit repayment are in fact derived from the accumulated amount of your loan plus credit score charged for such loans. But for these credit score, not many people care.

Most people consider credit score to be visible from the total payment is reduced by the amount of your loan. Quite get there and you’re not a that the types and ways of calculating credit score can affect the total value of your loan. Each credit score type actually has credit themselves, or between one another are not similar. So, it’s good that you know how to calculate and the type of credit score in advance so you can check it righter whether the calculation of the credit score charged to your credit.

# what does your credit score start at

By knowing about how to calculate from every kind of credit score, you can start analyzing how much of installment or installments should you pay and how long those loans can be paid off. Thus, you can manage your finances better. Basically, the type of credit score imposed by the banks there is three different types of lenders. The third type is the flat credit score, credit score, floral, and annuities. The way of calculating the credit score of third types is certainly not equal to each other. Here’s how to calculate from these three types of credit score.

## 1. Credit Score Flat

A way of calculating credit score flat could be considered easiest compared two types of other credit score types. You can find an example of the use of how to calculate the credit score on the loan is generally a motor vehicle or credit without collateral. In the brochure-a brochure advertising the credit of the motor vehicle, you will find the columns-that display in installments that must be paid every month. The numbers in the columns are valid until the end of the loan you end up or paid off.

If you find the number of installments which remained like that, certain ways of calculating types of the credit score used are flat or flat. In this type, the value of the limit of the loan with credit score will be calculated proportionally in accordance with the time period or the tenor of the loan.

To make it easier for You to imagine the implementation of how to calculate the flat credit score, here is an example of a case that you can learn.

Indra put forth KTA amounted to Rp120 million with a credit period of 12 months, and are subject to a credit score of 10% per year in the flat. How much are the monthly installments to be paid?

Data:

Loan principal: 120.000.000 Usd

credit score per year: 10%

Loan tenor: 12 months

Repayments of principal:

120.000.000 USD: 12 months = $1,000/month

credit score:

($ 120.000.000 x 10%): 12 months = IDR 1,000,000

Installment per month:

$1,000 + Rp 1,000,000 = Rp 11,000,000

So, from these loans, once the calculated how to calculate credit score rate flat, you have to pay in installments until the loan is paid off every month is $11,000,000. The value of this installment will not fluctuate because credit score charged bank credit score is kind of flat.

## 2. The effective Credit Score

Other names of the kind of credit score that this one is the sliding rate. Types of credit scores regularly applied on loans with a period or a long tenor. For example when you ask mortgages (MORTGAGE) or ownership credit apartments (KPA).

The reason more effective credit score addressed to long-term credit because a long tenor loans make no rush must be paid off, while the credit score rates are not too large.Yes, the usual effective credit score rates lower than the credit score flat. This is what makes it suitable for use in long-term credit.

Smaller credit score was obtained from how to calculate effective credit score rate which saw the remaining loan principal amount from the debtor. If the credit score flat measuring with pegged the value of the initial loan principal on loans, in contrast to the application of the effective credit score rate. Calculated when the lender uses this kind of credit score is the amount of debt that has not been Torbay arkan every month. So long, growing the value of Your loan credit score will be lower because of the rest of your loan on the wane.

Of the value of the credit score that the smaller it is, the installment to be You responsibility every month is getting a little too. Here is the formula to calculate the magnitudes of effective credit score rate of a loan.

If the credit score on the flats, the lender just counting on the loan to determine the initial installment, on loan with the credit score effective calculation will be done every month. This is because the rest of the loan will certainly diminish every month so need to do a recount. In order to better understand how to calculate the effective credit score rate, the following are examples of cases that apply the usage types of credit score on this one.

Dani asks credit KPA amounted to Rp120 million with a credit period of 12 months, and are subject to a 10% credit score per year effectively. How much are the monthly installments to be paid?

Data:

Loan principal: 120.000.000 Usd

credit score per year: 10%

Loan tenor: 12 months

Repayments of principal:

120.000.000 USD: 12 months = $1,000/month

credit score of the month: 1

(($ 120.000.000-((1-1) x $1,000)) x 10%: 12 = Rp 1 million

Then, the month installment 1 = Rp 10,000,000 + Rp 1,000,000 = Rp 11,000,000

credit score of the month 2:

(($ 120.000.000-((2-1) x $1,000)) x 10%: 12 = 916.667 Idr

Then, the installment of the month 2 = $1,000 + = Rp 916.667 Rp 10.916.667

credit score of the month: 3

(($ 120.000.000-((3-1) x $1,000)) x 10%: 12 = 833.333 Idr

Then, 3 months instalment = $1,000 + = Rp 833.333 Rp 10.833.333

And so on, up to …

credit score of the month 12:

(($ 120.000.000-((12-1) x $1,000)) x 10%: 12 = Usd 83,333

Then, 12 months instalment = $1,000 + Usd 83,333 = Rp 10.083.333

Look there is a reduction in the value of the total installments of the first month, the second month, and so on. This is because the application of the effective credit score rate that makes credit score smaller depending on the rest of the loan principal. For the following months with the example case above, the results of the calculation of credit score will be getting smaller and the total installment will be even lower.

3. Credit Score Annuities

The calculation of mortgage credit score on this one is a modification of the way of calculating the effective credit score rate. The value of the total installments payments effective credit score every month is different often makes the debtor becomes confused. Therefore, the borrower is finally made the way calculations are more or less the same as the calculation of effective credit score each month, but installment anyway.

If on the application of the effective credit score installments of principal of the loan amount divided by the tenor of credit, different thing applied in loan credit score annuity who apply. Installments of the principal of total installment that has been set are reduced by credit score annuity calculation results. Here is an example of the case.

Budi submits credit MORTGAGES amounted to Rp120 million with a credit period of 12 months, and are loan credit score of 10% per year in annuities. how much are the monthly installments to be paid?

Data:

Loan principal: 120.000.000 Usd

credit score per year: 10%

Loan tenor: 12 months

Repayments of principal:

annuity formula

= 10.549.906 IDR

When calculating credit score rate annuity, you need to concentrate with the unused loan principal on leave this month for the remainder of the principal savings in order to calculate the credit score rate in the next month. From there look, although the credit score is the same tribe with effective credit score, by way of annuity credit score counting are different, the result would be another.

Floating and fixed credit score

These three types of credit score on top by way of its calculations still apply a fixed credit score or fixed systems. Yes, in addition to having to pay attention to how its calculations, it’s good that you also know the credit score charged to you later include this type of fixed or floating (floating).

### a. fixed credit score

A simple credit score is given to creditors in the tenor of credit is not changeable. The percentage of fixed credit score will always be the same from the beginning of the loan until the payment of the invoice. So for example on a loan has been set the credit score tribal is 10 percent, that number will continue to be used until the loan is over.

Types of fixed rate can be calculated either by way of credit score rate fix, effectively, until the annuity. The use of credit score is lucky to lose all its own. Fortunately, if there is a rise in market credit score rates, it will not be too influential to your loan because credit score rates are already set. But the harm, if credit score in the market is down, you cannot reap credit score percentage reduction. Below we provide examples of cases.

Dimas MORTGAGE credit amounting to pose at Rp500 million with a credit period of 12 months, and are subject to a 10% credit score loans are fixed 3 years per annum effective. How much are the monthly installments to be paid Dimas during that period?

Data:

Loan principal: Rp 500,000,000

credit score per year: 10%

Loan tenor: 36 months

Repayments of principal:

RP 500,000,000/36 = 13.888.889 Idr

credit score of the month: 1

((500 million – ((1-1) 13,888,889 x)) x 10%: 12 = 4.166.667 Idr

Thus, to 1 month instalment = 13,888,889 + 4,166,667 = 18.055.556 Idr

credit score of the month 2:

((500 million – ((2-1) 13,888,889 x)) x 10%: 12 = 4.050.926 Idr

Then, the mortgage month 2 = 13,888,889 + 4,050,926 = 17.939.815 Idr

credit score of the month: 3

((500 million – ((3-1) 13,888,889 x)) x 10%: 12 = 3.395.185 Idr

Then, 3 months installment = 13,888,889 + 3,395,185 = 17.824.074 Idr

And so on, up to …

credit score of the month: 36

((500 million – ((36-1) 13,888,889 x)) x 10%: 12 = 115.741 Idr

Then, to 36 months instalment = 13,888,889 + 115,741 = 14.004.630 Idr

It can be seen that the quantity of credit score from 1 to 36 months is as great as that is by 10%.

Read also: unsecured loans with KTA best. This Way Select It!

### b. floating credit score

Not based on agreements that have been made at the beginning of the loan, a type of floating credit score was strongly influenced by the movement of the market conditions. If the percentage of the credit score rate market were declining, credit score loan you will also join the down. On the contrary, when there is an increase in credit score rates, you will be affected because your loan will be charged a higher credit score rate, according to the dynamics of the market.

Types of credit score for this one, You will be hard to count them if you use the calculation credit score rate fix. That can be done to see the quantity of floating credit score installment is to number them by way of effective credit score or annuity. It’s just a different credit score is the percentage from month to month.

The following example is given with numbers similar to that applied in the calculation of effective credit score. How its calculations don’t change, but the percentage of the moon are both just as distinguished.

Vira submits credit MORTGAGE registration at Rp500 million with a credit period of12 months, and are subject to a 10% credit score loans are fixed 3 years per annum effective, and the rest is up to the tenor of the floating rate loan ends. How much are the monthly installments to be paid during the period of the floating Vira?

It is assumed that a quantity of credit score from 1 to 36 months is the same great by 10%, while for the year