How the overdraft interest calculator works
Interest on an arranged overdraft – to the day for the days in the red, per month and per year. Also works out the interest rate from the interest charged.
Inputs
- Overdrawn amount
- Overdraft rate p.a.
- Days overdrawn
- Day count
Results
- Overdraft interest
- Interest per month (if permanently overdrawn)
- Interest per year (if permanently overdrawn)
Show formulas
- Overdraft interest:
round(betrag * zins * tage / basis, 2) - Interest per month (if permanently overdrawn):
round(betrag * zins / 12, 2) - Interest per year (if permanently overdrawn):
round(betrag * zins, 2)
Add your own result fields with “+ Field” – every input is available as a variable.
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