I determine the eye for the Individual Instalment Financing on a good reducing balance

Pricing

Consumer part	Amount borrowed	Amount borrowed >= VND 200 mil
Personnel Financial Solution (EBS) people dos	% p.a great.	% p.a beneficial.
Largest people	% p.a good.	% p.an effective.
Other customers	% p.a beneficial.	% p.a beneficial.

Buyers part	Worker Financial Service (EBS) consumers dos
Loan amount	% p.good.
Amount borrowed >= VND two hundred million	% p.a good.
Customers part	Premier people
Amount borrowed	% p.an excellent.
Amount borrowed >= VND two hundred billion	% p.a good.
Customer section	Other customers
Loan amount	% p.an effective.
Loan amount >= VND 200 mil	% p.a great.

Fee method of	Commission rate
Application commission	Free
Later fee rate of interest	150% away from relevant rate of interest and you can fees toward delinquent concept
Early commission commission	step three% into the prepaid principle (simply full fees are welcome)

Payment form of	Software fee
Payment price	Free
Payment particular	Late commission rate of interest
Payment speed	150% from appropriate interest and you can fees towards delinquent idea
Fee kind of	Early payment fee
Percentage rates	3% towards the prepaid concept (merely full cost try invited)

Exemplory case of attract calculation

Day	Concept	Attract	Instalment
1	5,100000,one hundred thousand	cuatro43,83six	5,443,836
2	5,100000,100	443,836	5,443,836
3	5,000,one hundred thousand	443,836	5,443,836
4	5,000,100000	443,836	5,443,836
5	5,100,100	443,836	5,443,836
6	5,100,100	443,836	5,443,836
seven	5,100,000	443,836	5,443,836
8	5,000,100000	443,836	5,443,836
nine	5,100000,100000	443,836	5,443,836
10	5,000,100000	443,836	5,443,836
eleven	5,000,000	443,836	5,443,836
twelve	5,one hundred thousand,100	443,836	5,443,836
Total	sixty,100000,000	5,326,027	65,326,027

Month	1
Principle	5,100000,000
Interest	443,836
Instalment	5,443,836
Month	2
Principle	5,one hundred thousand,000
Interest	443,836
Instalment	5,443,836
Month	3
Principle	5,000,100
Interest	443,836
Instalment	5,443,836
Month	4
Principle	5,100,000
Interest	443,836
Instalment	5,443,836
Month	5
Principle	5,100000,100000
Interest	443,836
Instalment	5,443,836
Month	6
Principle	5,000,one hundred thousand
Interest	443,836
Instalment	5,443,836
Month	7
Principle	5,100000,100000
Interest	443,836
Instalment	5,443,836
Month	8
Principle	5,one hundred thousand,100000
Interest	443,836
Instalment	5,443,836
Month	9
Principle	5,one hundred thousand,100
Interest	443,836
Instalment	5,443,836
Month	10
Principle	5,000,000
Interest	443,836
Instalment	5,443,836
Month	11
Principle	5,100,100000
Interest	443,836
Instalment	5,443,836
Month	12
Principle	5,100000,100
Interest	443,836
Instalment	5,443,836
Month	Total
Principle	sixty,000,100
Interest	5,326,027
Instalment	65,326,027

Month	Principle	Interest	Instalment
1	4,576,165	788,548	5,443,568
2	cuatro,763,722	727,370	5,443,568
3	cuatro,799,962	665,387	5,443,568
4	cuatro,840,852	602,590	5,443,568
5	cuatro,868,533	538,968	5,443,568
6	cuatro,984,294	474,509	5,443,568
7	5,020,310	409,203	5,443,568
8	5,088,488	343,039	5,443,568
9	5,166,818	276,006	5,443,568
10	5,213,838	208,091	5,443,568
11	5,312,600	139,284	5,443,568
12	5,364,418	69,573	5,363,325
Total	sixty,100,100000	5,242,568	65,242,568

Month	1
Principle	cuatro,576,165
Interest	788,548
Instalment	5,443,568
Month	2
Principle	4,763,722
Interest	727,370
Instalment	5,443,568
Month	3
Principle	4,799,962
Interest	665,387
Instalment	5,443,568
Month	4
Principle	cuatro,840,852
Interest	602,590
Instalment	5,443,568
Month	5
Principle	4,868,533
Interest	538,968
Instalment	5,443,568
Month	6
Principle	cuatro,984,294
Interest	474,509
Instalment	5,443,568
Month	7
Principle	5,020,310
Interest	409,203
Instalment	5,443,568
Month	8
Principle	5,088,488
Interest	343,039
Instalment	5,443,568
Month	9
Principle	5,166,818
Interest	276,006
Instalment	5,443,568
Month	10
Principle	5 paydayloansmissouri.org/cities/cape-girardeau/,213,838
Interest	208,091
Instalment	5,443,568
Month	11
Principle	5,312,600
Interest	139,284
Instalment	5,443,568
Month	12
Principle	5,364,418
Interest	69,573
Instalment	5,363,325
Month	Total
Principle	60,one hundred thousand,one hundred thousand
Interest	5,242,568
Instalment	65,242,568

Although the attract reduced with the reducing balance loan looks high, it really is lower than the eye paid into repaired harmony financing, due to different appeal computation strategies.