InterestFirstTest015
| 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 |
2024-07-23 |
1,000.00 |
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 |
1,000.00 |
0.00 |
838.6300 |
0.00 |
1,000.00 |
0.00 |
| 1 |
2024-07-24 |
n/a |
n/a |
0 |
0.00 |
confirmed 1,007.00
confirmed 2.00 |
n/a |
1,009.00 |
extra payment |
refund due |
8.0000 |
-830.6300 |
n/a |
1,001.00 |
0.00 |
8.00 |
0.00 |
0.00 |
-1.00 |
0.00 |
0.0000 |
0.00 |
-1.00 |
0.00 |
| 10 |
2024-08-02 |
n/a |
original 367.73 |
1 |
0.00 |
n/a |
n/a |
0.00 |
no longer required |
refund due |
-0.0020 |
-0.0020 |
n/a |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
-1.00 |
0.00 |
0.0000 |
0.00 |
-1.00 |
0.00 |
| 41 |
2024-09-02 |
n/a |
original 367.73 |
2 |
0.00 |
n/a |
n/a |
0.00 |
no longer required |
refund due |
-0.0068 |
-0.0068 |
n/a |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
-1.00 |
0.00 |
0.0000 |
0.00 |
-1.00 |
0.00 |
| 71 |
2024-10-02 |
n/a |
original 367.73 |
3 |
0.00 |
n/a |
n/a |
0.00 |
no longer required |
refund due |
-0.0066 |
-0.0066 |
n/a |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
-1.00 |
0.00 |
0.0000 |
0.00 |
-1.00 |
0.00 |
| 102 |
2024-11-02 |
n/a |
original 367.73 |
4 |
0.00 |
n/a |
n/a |
0.00 |
no longer required |
refund due |
-0.0068 |
-0.0068 |
n/a |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
-1.00 |
0.00 |
0.0000 |
0.00 |
-1.00 |
0.00 |
| 132 |
2024-12-02 |
n/a |
original 367.71 |
5 |
0.00 |
n/a |
n/a |
0.00 |
no longer required |
refund due |
-0.0066 |
-0.0066 |
n/a |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
-1.00 |
0.00 |
0.0000 |
0.00 |
-1.00 |
0.00 |
| 1000 |
2027-04-19 |
n/a |
n/a |
5 |
0.00 |
n/a |
-1.22 |
-1.22 |
generated |
closed |
-0.1902 |
-0.1902 |
n/a |
-1.00 |
0.00 |
-0.20 |
0.00 |
0.00 |
0.00 |
0.00 |
0.0000 |
0.00 |
0.00 |
0.00 |
Description
Add-on interest method with big early repayment followed by tiny overpayment
Generated: 2025-04-28 using library version 2.2.10
Parameters
| Evaluation Date |
2027-04-19 |
| 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 |
| 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: 0 day(s) |
rate on negative balance: 8 % per year |
| promotional rates: n/a |
| cap: total 100 %; daily 0.8 % |
|
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 |
Final Stats
| Generated settlement: -1.22 on day 1000 |
Final balance status: closed |
| Effective interest rate: 0.0007800000 % per day |
Final cost-to-borrowing ratio: 0.78 % |
| Required scheduled payment count: 0 |
Last required scheduled payment day: n/a |
| Final actual payment count: 2 |
Last actual payment day: 1 |
FSharp.Finance.Personal