sluttbeløpet

Sluttbeløpet is a term used in Norwegian financial language to describe the final amount that must be paid to settle a financial agreement. It represents the total due to close out a contract, project the payoff date, or terminate a loan, lease, or credit arrangement. The sluttbeløpet may be requested when ending an agreement early or when calculating a final settlement after charges and adjustments.

Common contexts for sluttbeløp include loans and credits (such as mortgages and car loans) and lease agreements. In these settings, the payoff amount is the sum needed to fully settle the debt as of a specific payoff date. The amount is typically provided by the lender or service provider as a formal payoff quote and is often valid for a limited period.

Calculation of the sluttbeløpet generally involves several components. Start with the outstanding principal. Add any accrued interest up to the payoff date, and include applicable fees (such as administrative or prepayment penalties, if the contract allows). Subtract any payments or credits already made toward the balance. Some agreements may also adjust for penalties or refunds specified in the contract. Because interest accrues daily or monthly, the exact payoff date is important and lenders usually specify how the final amount is calculated and when the quote expires.

Example: If a loan has an outstanding principal of 100,000 NOK, interest accrued to payoff is 3,200 NOK, and payments of 1,000 NOK have been made since the last statement, the sluttbeløpet would be 100,000 + 3,200 − 1,000 = 102,200 NOK (subject to the contract’s terms).

See also: payoff amount, settlement, early termination.