maksuerä

Maksuerä refers to a single installment in the repayment schedule of a loan or other debt. Each maksuerä typically contains a portion of the principal (the amount borrowed) and the interest charged on the outstanding balance. The sum of all maksuerät over the agreed term repays the loan in full. The size and timing of maksuerät depend on the contract terms, including the interest rate, payment frequency, and chosen amortization method.

Two common structures are used for maksuerät. In an annuity (tasainen maksuerä), each payment is the same amount over the term, with the composition shifting from interest-dominant to principal-dominant as the balance falls. In a straight-line or declining-balance arrangement, the principal portion of each maksuerä remains constant, while the interest portion decreases, causing the total payment to decline over time.

Payments are usually due on a regular eräpäivä (due date), commonly monthly. A missed or late maksuerä can incur a fee and may affect the borrower's credit status or contract terms. Before signing, lenders typically provide an amortization schedule that shows, for every maksuerä, how much goes to interest and how much reduces the principal.

Understanding maksuerä helps borrowers plan their budgets and compare loan options. Some borrowers prefer fixed maksuerät for predictability, while others accept varying payments depending on the loan design.