InterestFirstTest004
| 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 |
2024-07-23 |
1,000.00 |
n/a |
0 |
0.00 |
n/a |
0.00 |
none scheduled |
open |
0.0000 |
0.0000 |
0.00 |
0.00 |
838.6300 |
1,000.00 |
1,000.00 |
| 10 |
2024-08-02 |
n/a |
original 367.73 |
1 |
367.73 |
confirmed 271.37 |
271.37 |
paid later in full |
open |
80.0000 |
0.0000 |
271.37 |
0.00 |
567.2600 |
1,000.00 |
808.63 |
| ★ 17 |
2024-08-09 |
n/a |
n/a |
1 |
0.00 |
confirmed 271.37 |
271.37 |
extra payment |
open |
56.0000 |
0.0000 |
271.37 |
0.00 |
295.8900 |
1,000.00 |
593.26 |
| 41 |
2024-09-02 |
n/a |
original 367.73 |
2 |
192.72 |
n/a |
192.72 |
not yet due |
open |
192.0000 |
0.0000 |
192.72 |
0.00 |
103.1700 |
1,000.00 |
785.26 |
| 71 |
2024-10-02 |
n/a |
original 367.73 |
3 |
367.73 |
n/a |
367.73 |
not yet due |
open |
240.0000 |
0.0000 |
103.17 |
264.56 |
0.0000 |
735.44 |
735.44 |
| 102 |
2024-11-02 |
n/a |
original 367.73 |
4 |
367.73 |
n/a |
367.73 |
not yet due |
open |
182.3891 |
0.0000 |
0.00 |
367.73 |
0.0000 |
367.71 |
367.71 |
| 132 |
2024-12-02 |
n/a |
original 367.71 |
5 |
367.71 |
n/a |
367.71 |
not yet due |
closed |
88.2504 |
0.0000 |
0.00 |
367.71 |
0.0000 |
0.00 |
0.00 |
Key: ★ = evaluation day; ✓ = settlement day
Final Stats
| Generated settlement: n/a |
Final balance status: closed |
| Effective interest rate: 0.6353257576 % per day |
Final cost-to-borrowing ratio: 83.86 % |
| Required scheduled payment count: 5 |
Last required scheduled payment day: 132 |
| Final actual payment count: 2 |
Last actual payment day: 17 |
Description
Add-on interest method with early repayment
Generated: see details
Basic Parameters
| Evaluation Date |
2024-08-09 |
| Start Date |
2024-07-23 |
| Principal |
1,000.00 |
| Schedule options |
| config: auto-generate schedule |
schedule length: payment count 5 |
| unit-period config: monthly from 2024-08 on 02 |
|
| 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: 0 day(s) |
rate on negative balance: 8 % per year |
| 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 |
838.63 |
1,000.00 |
0.0000 |
0.00 |
0.00 |
| 10 |
367.73 |
80.0000 |
367.73 |
0.00 |
470.90 |
1,000.00 |
80.0000 |
367.73 |
0.00 |
| 41 |
367.73 |
248.0000 |
367.73 |
0.00 |
103.17 |
1,000.00 |
328.0000 |
735.46 |
0.00 |
| 71 |
367.73 |
240.0000 |
103.17 |
264.56 |
0.00 |
735.44 |
568.0000 |
838.63 |
264.56 |
| 102 |
367.73 |
182.3891 |
0.00 |
367.73 |
0.00 |
367.71 |
750.3891 |
838.63 |
632.29 |
| 132 |
367.71 |
88.2504 |
0.00 |
367.71 |
0.00 |
0.00 |
838.6395 |
838.63 |
1,000.00 |
Initial Stats
| Initial interest balance: 838.63 |
Initial cost-to-borrowing ratio: 83.86 % |
Initial APR: 3452.9 % |
| Level payment: 367.73 |
Final payment: 367.71 |
Last scheduled payment day: 132 |
| Total scheduled payments: 1,838.63 |
Total principal: 1,000.00 |
Total interest: 838.63 |
FSharp.Finance.Personal