PromotionalRatesTest001
| 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 |
2024-08-23 |
400.00 |
n/a |
0 |
0.00 |
n/a |
0.00 |
none scheduled |
open |
0.0000 |
0.0000 |
0.00 |
0.00 |
0.0000 |
400.00 |
400.00 |
| 10 |
2024-09-02 |
n/a |
original 145.27 |
1 |
145.27 |
n/a |
0.00 |
missed payment |
open |
32.0000 |
32.0000 |
0.00 |
0.00 |
32.0000 |
400.00 |
432.00 |
| 40 |
2024-10-02 |
n/a |
original 145.27 |
2 |
145.27 |
n/a |
0.00 |
missed payment |
open |
89.6000 |
89.6000 |
0.00 |
0.00 |
121.6000 |
400.00 |
521.60 |
| 71 |
2024-11-02 |
n/a |
original 145.27 |
3 |
145.27 |
n/a |
0.00 |
missed payment |
open |
6.4000 |
6.4000 |
0.00 |
0.00 |
128.0000 |
400.00 |
528.00 |
| 101 |
2024-12-02 |
n/a |
original 145.25 |
4 |
145.25 |
n/a |
0.00 |
missed payment |
open |
96.0000 |
96.0000 |
0.00 |
0.00 |
224.0000 |
400.00 |
624.00 |
| ★ 180 |
2025-02-19 |
n/a |
n/a |
6 |
0.00 |
n/a |
0.00 |
information only |
open |
176.0000 |
176.0000 |
0.00 |
0.00 |
400.0000 |
400.00 |
800.00 |
Key: ★ = evaluation day; ✓ = settlement day
Final Stats
| Generated settlement: n/a |
Final balance status: open |
| Effective interest rate: 0.0000000000 % per day |
Final cost-to-borrowing ratio: 0.0000000000 % |
| Required scheduled payment count: 4 |
Last required scheduled payment day: 101 |
| Final actual payment count: 0 |
Last actual payment day: n/a |
Description
Interest-free October should reduce total interest by 31 days
Generated: see details
Basic Parameters
| Evaluation Date |
2025-02-19 |
| Start Date |
2024-08-23 |
| Principal |
400.00 |
| Schedule options |
| config: auto-generate schedule |
schedule length: payment count 4 |
| unit-period config: monthly from 2024-09 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: actuarial |
| 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: zero |
| promotional rates: 2024-10-01 to 2024-10-31 at zero |
|
| Fee options |
no fee
|
| Charge options |
no charges
|
| Settlement day | n/a |
| Trim unrequired payments | true |
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 |
0.00 |
400.00 |
0.0000 |
0.00 |
0.00 |
| 10 |
145.27 |
32.0000 |
32.00 |
113.27 |
0.00 |
286.73 |
32.0000 |
32.00 |
113.27 |
| 40 |
145.27 |
68.8152 |
68.81 |
76.46 |
0.00 |
210.27 |
100.8152 |
100.81 |
189.73 |
| 71 |
145.27 |
52.1470 |
52.14 |
93.13 |
0.00 |
117.14 |
152.9622 |
152.95 |
282.86 |
| 101 |
145.25 |
28.1136 |
28.11 |
117.14 |
0.00 |
0.00 |
181.0758 |
181.06 |
400.00 |
Initial Stats
| Initial interest balance: 0.00 |
Initial cost-to-borrowing ratio: 45.27 % |
Initial APR: 1323 % |
| Level payment: 145.27 |
Final payment: 145.25 |
Last scheduled payment day: 101 |
| Total scheduled payments: 581.06 |
Total principal: 400.00 |
Total interest: 181.06 |
FSharp.Finance.Personal