How do I accrue penalties and interest on the loan?

"Greedy bankers are always a little" - thinks wronged borrowers, receiving fines for late payment. It's not quite true. Bankers do not need penalties for earnings and for financial discipline client. The bank can not risk their income. After all, if all clients will be late with payments, he paid the "innocent" investors? So close to bankruptcy. And therefore came up with a system of fines and penalties. Now the borrowers not to get a "financial penalties" and not to spoil credit history, try their best. All banks operate under a contract by contract, and therefore it should be read carefully when signing. Each bank has its own system of fines and penalties, but on the whole "penalty" for late payment is within 0,1-0,5% of the debt. Sometimes, the bankers are taking a fixed penalty. Now for the penalties. It all depends on the number of days for which you are late with payments. Can reach 1% of the outstanding principal and accrued each day. The actions of the borrower to avoid the "penalty" bait, the borrower must be very, very vnimatelnym.Vsegda check the balance on the account. And that any commission will keep the money, and principal payments will not suffice. That delay with fines. Before receiving the loan to find out whether it can repay early. And then, many banks have a temporary moratorium on this operation.