Precomputed Loan Rebate Calculator

Live. Unearned-interest rebate and payoff for precomputed (add-on) installment loans: actuarial vs Rule of 78, with the 61-month federal bar.

Send up to 100 loans (amount financed, finance charge, term, elapsed periods or consummation and payoff dates, contract rebate method, optional claimed balance). Returns gross remaining, actuarial and Rule of 78 rebates, the rebate owed, payoff amount, APR estimate, and flags for the 15 USC 1615 Rule of 78 bar (over 61 months), rebates owed on acceleration and claimed balances that skip the rebate. Not legal advice. Nothing stored.

Price: $0.001 per call after 1,000 free per month.

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