Details
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Improvement
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Status: In Progress
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Major
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Resolution: Unresolved
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Description
Background and Details
The Legacy Repayment schedule calculation in Fineract for Multi Tranche Loan is Recalculating and regenerating the schedule for the whole disbursement amount (all tranche included when ever a new disbursement comes in)
There should be an option where the Disbursement amount should be distributed to the future installments only and should not recalculate the schedule or installments that happened before the disbursement date
This is the expected behavior for products like Wallets, Digital lending, Line of Credit.
Same can be achieved through configuration where the Legacy calculation is not impacted
Loan schedule type
- Cumulative (by default, legacy): All of the installments are used to split the newly disbursed amount
- Progressive (work in progress): Only the future installments to be used to split the newly disbursed amount.