Your repayment schedule, on your Key Information Sheet, is the map of the whole facility. Reading it confidently means you always know what’s due, when, and how much of it is interest versus capital.
What the columns mean
- Date — when each payment is due.
- Payment — the total collected that period.
- Interest — the charge for the borrowing that period.
- Capital — how much of the payment reduces what you owe.
- Balance — what remains after the payment.
Why it’s reliable
Because interest is simple and fixed up front, the schedule is settled from day one — no rate surprises, no moving numbers. Your statements should reconcile straight against it. If you overpay, you get ahead of the schedule and pay less interest overall; the schedule then shows the maximum path, and you’re free to beat it.
Your facility is priced with simple interest and the figures fixed up front on your Key Information Sheet, so nothing here changes what you owe by surprise — it only changes how you view, manage or evidence it.
See also: How to read your statement of account, How to see how many payments you have left, What the Key Information Sheet shows.