Debt and loan calculator

Enter the loan date, amount and currency. The calculator shows what the loan is worth today by the euro exchange rate (as if a currency clause had been agreed), by Serbian inflation and by euro area inflation, and gives the range between them as a basis for an agreement.

Not automatically. Under the Law on Obligations a monetary debt is in principle repaid in the nominal amount, unless a currency clause, interest or something else was agreed. The calculator shows the economic value of the debt and is not a legal assessment.

There is no single answer. For loans given in euros or Deutsche Marks the usual basis is the same amount in euros. For dinar loans people most often use the euro rate on the loan date or Serbian inflation. The range between the methods is a reasonable framework for an agreement.

Under the Law on Default Interest, from 25 December 2012 the rate is the NBS reference rate + 8 percentage points for dinar debts, the ECB main refinancing rate + 8 points for euro debts, and the reference rate of the respective central bank + 8 points for other currencies. Interest is simple (no interest on interest): debt × rate × days / (100 × days in the year), at the rate valid in each period, from the first day of default to the day of payment.

Old dinar amounts cannot be converted through redenominations alone, because they lost almost all value. The calculator converts them to Deutsche Marks at the official rate on the loan date and then to euros. In the 1990s the street rate was often higher than the official rate, so the result may be underestimated.