IllustrativeTest001
| Day |
Datestamp |
Advances |
Scheduled payment |
Window |
Payment due |
Actual payments |
Generated payment |
Net effect |
Payment status |
Balance status |
Simple interest |
New interest |
New charges |
Principal portion |
Fee portion |
Interest portion |
Charges portion |
Fee rebate |
Principal balance |
Fee balance |
Interest balance |
Charges balance |
Settlement figure |
Fee rebate if settled |
| 0 |
2025-03-01 |
400.00 |
n/a |
0 |
0.00 |
n/a |
n/a |
0.00 |
none scheduled |
open |
0.0000 |
0.0000 |
n/a |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
400.00 |
0.00 |
325.4800 |
0.00 |
400.00 |
0.00 |
| 30 |
2025-03-31 |
n/a |
original 181.38 |
1 |
181.38 |
n/a |
n/a |
0.00 |
paid later in full |
open |
96.0000 |
0.0000 |
n/a |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
400.00 |
0.00 |
325.4800 |
0.00 |
496.00 |
0.00 |
| 59 |
2025-04-29 |
n/a |
n/a |
1 |
0.00 |
confirmed 181.38 |
n/a |
181.38 |
extra payment |
open |
92.8000 |
0.0000 |
n/a |
0.00 |
0.00 |
181.38 |
0.00 |
0.00 |
400.00 |
0.00 |
144.1000 |
0.00 |
407.42 |
0.00 |
| 60 |
2025-04-30 |
n/a |
original 181.38 |
2 |
181.38 |
confirmed 181.38 |
n/a |
181.38 |
payment made |
open |
3.2000 |
0.0000 |
n/a |
37.28 |
0.00 |
144.10 |
0.00 |
0.00 |
362.72 |
0.00 |
0.0000 |
0.00 |
229.24 |
0.00 |
| 91 |
2025-05-31 |
n/a |
original 181.38 |
3 |
181.38 |
confirmed 181.38 |
n/a |
181.38 |
payment made |
open |
89.9546 |
0.0000 |
n/a |
181.38 |
0.00 |
0.00 |
0.00 |
0.00 |
181.34 |
0.00 |
0.0000 |
0.00 |
137.81 |
0.00 |
| 121 |
2025-06-30 |
n/a |
original 181.34 |
4 |
181.34 |
confirmed 181.34 |
n/a |
181.34 |
payment made |
closed |
43.5216 |
0.0000 |
n/a |
181.34 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.0000 |
0.00 |
0.00 |
0.00 |
Description
Based on 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) - missed first repayment and then paid
before second repayment due date (30/04/2025); this shows that early missed payments not not accrue extra interest because the principal balance is not decreasing while there is a
positive interest balance
Generated: 2025-04-28 using library version 2.2.10
Parameters
| Evaluation Date |
2025-07-01 |
| 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 |
| scheduling: as scheduled |
| rounding: rounded up |
| timeout: 3 |
| minimum: defer or write off up to 0.50 |
| level-payment option: lower final payment |
|
| Fee options |
no fee
|
| Charge options |
no charges
|
| Interest options |
| standard rate: 0.8 % per day |
method: add-on |
| rounding: rounded down |
APR method: UK FCA to 1 d.p. |
| initial grace period: 3 day(s) |
rate on negative balance: zero |
| promotional rates: n/a |
| cap: total 100 %; daily 0.8 % |
|
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 |
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 |
FSharp.Finance.Personal