IllustrativeTest000
| Day |
Datestamp |
Advances |
Scheduled payment |
Window |
Payment due |
Actual payments |
Net effect |
Payment status |
Balance status |
Actuarial interest |
New interest |
Interest portion |
Principal portion |
Interest balance |
Principal balance |
Settlement figure |
| 0 |
2025-03-01 |
400.00 |
n/a |
0 |
0.00 |
n/a |
0.00 |
none scheduled |
open |
0.0000 |
0.0000 |
0.00 |
0.00 |
325.4800 |
400.00 |
400.00 |
| 30 |
2025-03-31 |
n/a |
original 181.38 |
1 |
181.38 |
confirmed 181.38 |
181.38 |
payment made |
open |
96.0000 |
0.0000 |
181.38 |
0.00 |
144.1000 |
400.00 |
314.62 |
| 60 |
2025-04-30 |
n/a |
original 181.38 |
2 |
181.38 |
confirmed 181.38 |
181.38 |
payment made |
open |
96.0000 |
0.0000 |
144.10 |
37.28 |
0.0000 |
362.72 |
229.24 |
| 91 |
2025-05-31 |
n/a |
original 181.38 |
3 |
181.38 |
confirmed 181.38 |
181.38 |
payment made |
open |
89.9546 |
0.0000 |
0.00 |
181.38 |
0.0000 |
181.34 |
137.81 |
| ★ 121 |
2025-06-30 |
n/a |
original 181.34 |
4 |
181.34 |
confirmed 181.34 |
181.34 |
payment made |
closed |
43.5216 |
0.0000 |
0.00 |
181.34 |
0.0000 |
0.00 |
0.00 |
Key: ★ = evaluation day; ✓ = settlement day
Final Stats
| Generated settlement: n/a |
Final balance status: closed |
| Effective interest rate: 0.6724793388 % per day |
Final cost-to-borrowing ratio: 81.37 % |
| Required scheduled payment count: 4 |
Last required scheduled payment day: 121 |
| Final actual payment count: 4 |
Last actual payment day: 121 |
Description
Borrowing £400 over 4 months with the loan being taken on 01/03/2025 and the first repayment date/day being 31/03/2025 (30 days) - all paid on time
Generated: see details
Basic Parameters
| Evaluation Date |
2025-06-30 |
| Start Date |
2025-03-01 |
| Principal |
400.00 |
| Schedule options |
| config: auto-generate schedule |
schedule length: payment count 4 |
| unit-period config: monthly from 2025-03 on month-end |
|
| Payment options |
| rounding: rounded up |
| level-payment option: lower final payment |
|
| Fee options |
no fee
|
| Interest options |
| standard rate: 0.8 % per day |
method: add-on |
| rounding: rounded down |
APR method: UK FCA to 1 d.p. |
| cap: total 100 %; daily 0.8 % |
|
Advanced Parameters
| Payment options |
| scheduling: as scheduled |
timeout: 3 days |
| minimum: defer or write off up to 0.50 |
|
| Interest options |
| initial grace period: 3 day(s) |
rate on negative balance: zero |
| promotional rates: n/a |
|
| Fee options |
no fee
|
| Charge options |
no charges
|
| Settlement day | n/a |
| Trim unrequired payments | false |
Initial Schedule
| Day |
Scheduled payment |
Actuarial interest |
Interest portion |
Principal portion |
Interest balance |
Principal balance |
Total actuarial interest |
Total interest |
Total principal |
| 0 |
0.00 |
0.0000 |
0.00 |
0.00 |
325.48 |
400.00 |
0.0000 |
0.00 |
0.00 |
| 30 |
181.38 |
96.0000 |
181.38 |
0.00 |
144.10 |
400.00 |
96.0000 |
181.38 |
0.00 |
| 60 |
181.38 |
96.0000 |
144.10 |
37.28 |
0.00 |
362.72 |
192.0000 |
325.48 |
37.28 |
| 91 |
181.38 |
89.9546 |
0.00 |
181.38 |
0.00 |
181.34 |
281.9546 |
325.48 |
218.66 |
| 121 |
181.34 |
43.5216 |
0.00 |
181.34 |
0.00 |
0.00 |
325.4762 |
325.48 |
400.00 |
Initial Stats
| Initial interest balance: 325.48 |
Initial cost-to-borrowing ratio: 81.37 % |
Initial APR: 2064.3 % |
| Level payment: 181.38 |
Final payment: 181.34 |
Last scheduled payment day: 121 |
| Total scheduled payments: 725.48 |
Total principal: 400.00 |
Total interest: 325.48 |
FSharp.Finance.Personal