Rent To Interest(RTI) Calculator
- Bullet Repayment : The principal will be repaid in full at maturity and only interest will be paid before then.
- Equal Principal Payment : Repay the principal at the same rate every month. Interest is paid as much as the remaining balance, so the principal is reduced as much as the principal is repaid. That is, the payment amount decreases over time.
- Equal Amortization : The total interest and principal are divided by the period and the same amount is paid equally every month.
This guideline is mandatory for commercial banks in the financial sector.
Although this calculation is done in the same way as the bank, it is a very simplified calculation compared to the many factors that are considered in the actual handling of loans in the bank. Actual loans may result in different results depending on the bylaws and products handled by each financial company, so please use them only as a reference.