When you go to repay your Credit Line, you’ll see a breakdown of the amounts involved. Understanding the difference between them will help you know exactly what you’ll pay today — and what remains outstanding.
Full Payoff Amount
This is the total amount required to close the Credit Line fully.
It includes:
The principal (the original borrowed amount)
All accrued interest up to today
Today’s interest (the interest that is calculated for the current day and will be added upon payoff)
Outstanding Balance
This is the current unpaid Credit Line balance. It includes:
The remaining principal
All interest that has already accrued up to today
It does not include today’s interest, which is still accruing.
Interest Accruing Today
This is the interest that is being calculated for the current day.
It has not yet been added to the Outstanding Balance.
If you choose to fully repay the loan today, this amount will be included in the Full Payoff Amount.