QuoteTest011
| Day |
Datestamp |
Advances |
Scheduled payment |
Window |
Payment due |
Actual payments |
Generated payment |
Net effect |
Payment status |
Balance status |
Actuarial interest |
New interest |
Interest portion |
Principal portion |
Interest balance |
Principal balance |
Settlement figure |
| 0 |
2024-01-29 |
400.00 |
n/a |
0 |
0.00 |
n/a |
n/a |
0.00 |
none scheduled |
open |
0.0000 |
0.0000 |
0.00 |
0.00 |
0.0000 |
400.00 |
400.00 |
| ✓ 30 |
2024-02-28 |
n/a |
original 165.90 |
1 |
165.90 |
n/a |
495.76 |
495.76 |
generated |
closed |
95.7600 |
95.7600 |
95.76 |
400.00 |
0.0000 |
0.00 |
0.00 |
| 59 |
2024-03-28 |
n/a |
original 165.90 |
2 |
0.00 |
n/a |
n/a |
0.00 |
no longer required |
closed |
0.0000 |
0.0000 |
0.00 |
0.00 |
0.0000 |
0.00 |
0.00 |
| 90 |
2024-04-28 |
n/a |
original 165.90 |
3 |
0.00 |
n/a |
n/a |
0.00 |
no longer required |
closed |
0.0000 |
0.0000 |
0.00 |
0.00 |
0.0000 |
0.00 |
0.00 |
| 120 |
2024-05-28 |
n/a |
original 165.86 |
4 |
0.00 |
n/a |
n/a |
0.00 |
no longer required |
closed |
0.0000 |
0.0000 |
0.00 |
0.00 |
0.0000 |
0.00 |
0.00 |
Key: ★ = evaluation day; ✓ = settlement day
Final Stats
| Generated settlement: 495.76 on day 30 |
Final balance status: closed |
| Effective interest rate: 0.1995 % per day |
Final cost-to-borrowing ratio: 23.94 % |
| Required scheduled payment count: 1 |
Last required scheduled payment day: 30 |
| Final actual payment count: 0 |
Last actual payment day: n/a |
Description
Settlement figure should not be lower than principal
Generated: see details
Basic Parameters
| Evaluation Date |
2024-02-28 |
| Start Date |
2024-01-29 |
| Principal |
400.00 |
| Schedule options |
| config: auto-generate schedule |
schedule length: payment count 4 |
| unit-period config: monthly from 2024-02 on 28 |
|
| Payment options |
| rounding: rounded up |
| level-payment option: lower final payment |
|
| Fee options |
no fee
|
| Interest options |
| standard rate: 0.798 % 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: 1 day(s) |
rate on negative balance: 8 % per year |
| promotional rates: n/a |
|
| Fee options |
no fee
|
| Charge options |
no charges
|
| Settlement day | on evaluation day |
| 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 |
| 30 |
165.90 |
95.7600 |
95.76 |
70.14 |
0.00 |
329.86 |
95.7600 |
95.76 |
70.14 |
| 59 |
165.90 |
76.3362 |
76.33 |
89.57 |
0.00 |
240.29 |
172.0962 |
172.09 |
159.71 |
| 90 |
165.90 |
59.4429 |
59.44 |
106.46 |
0.00 |
133.83 |
231.5391 |
231.53 |
266.17 |
| 120 |
165.86 |
32.0389 |
32.03 |
133.83 |
0.00 |
0.00 |
263.5780 |
263.56 |
400.00 |
Initial Stats
| Initial interest balance: 0.00 |
Initial cost-to-borrowing ratio: 65.89 % |
Initial APR: 1262.8 % |
| Level payment: 165.90 |
Final payment: 165.86 |
Last scheduled payment day: 120 |
| Total scheduled payments: 663.56 |
Total principal: 400.00 |
Total interest: 263.56 |
FSharp.Finance.Personal