FinFly illustration
Receive AZN 10,000, repay 11,200 and pay a separate mandatory 100 fee: costs above proceeds are 1,300. This is not an annual effective-rate calculation.
FinFly Explains / Economy
Loan cost beyond the principal
A smaller monthly payment need not mean cheaper borrowing. A longer term can increase total interest.
Avoid double counting
Do not add a fee again if scheduled payments already include it. Compare actual proceeds with all mandatory payments.
Early repayment
FinFly recommends requesting a dated payoff quote. The original schedule alone does not establish the early-settlement cost.
Method
Primary sources
The explainer is checked against these institutional and industry sources. Links open the original material.