InterestCapTest000
| 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 |
2023-02-09 |
499.00 |
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 |
499.00 |
0.00 |
0.0000 |
0.00 |
499.00 |
0.00 |
| 5 |
2023-02-14 |
n/a |
original 173.01 |
1 |
173.01 |
n/a |
n/a |
0.00 |
missed payment |
open |
19.9600 |
19.9600 |
n/a |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
499.00 |
0.00 |
19.9600 |
0.00 |
518.96 |
0.00 |
| 33 |
2023-03-14 |
n/a |
original 173.01 |
2 |
173.01 |
n/a |
n/a |
0.00 |
missed payment |
open |
111.7760 |
111.7760 |
n/a |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
499.00 |
0.00 |
131.7360 |
0.00 |
630.73 |
0.00 |
| 64 |
2023-04-14 |
n/a |
original 173.01 |
3 |
173.01 |
n/a |
n/a |
0.00 |
missed payment |
open |
123.7520 |
123.7520 |
n/a |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
499.00 |
0.00 |
255.4880 |
0.00 |
754.48 |
0.00 |
| 94 |
2023-05-14 |
n/a |
original 173.00 |
4 |
173.00 |
n/a |
n/a |
0.00 |
paid later in full |
open |
119.7600 |
119.7600 |
n/a |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
499.00 |
0.00 |
375.2480 |
0.00 |
874.24 |
0.00 |
| 441 |
2024-04-25 |
n/a |
n/a |
4 |
0.00 |
n/a |
998.00 |
998.00 |
generated |
closed |
123.7520 |
123.7520 |
n/a |
499.00 |
0.00 |
499.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.0000 |
0.00 |
0.00 |
0.00 |
Description
Total interest in amortised schedule does not exceed interest cap
Generated: 2025-04-28 using library version 2.2.10
Parameters
| Evaluation Date |
2024-04-25 |
| Start Date |
2023-02-09 |
| Principal |
499.00 |
| Schedule options |
| config: auto-generate schedule |
schedule length: payment count 4 |
| unit-period config: monthly from 2023-02 on 14 |
|
| 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: simple |
| 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: 0.00 |
Initial cost-to-borrowing ratio: 38.68 % |
Initial APR: 1318.7 % |
| Level payment: 173.01 |
Final payment: 173.00 |
Last scheduled payment day: 94 |
| Total scheduled payments: 692.03 |
Total principal: 499.00 |
Total interest: 193.03 |
Final Stats
| Generated settlement: 998.00 on day 441 |
Final balance status: closed |
| Effective interest rate: 0.2267573696 % per day |
Final cost-to-borrowing ratio: 100 % |
| Required scheduled payment count: 4 |
Last required scheduled payment day: 94 |
| Final actual payment count: 0 |
Last actual payment day: n/a |
FSharp.Finance.Personal