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  1. Apache Fineract
  2. FINERACT-2059

Re-Aging of overdue loan (aka settlement plan)

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Details

    • New Feature
    • Status: In Progress
    • Major
    • Resolution: Unresolved
    • None
    • 1.10.0
    • None

    Description

      Re-aging

      Re-aging also known as Settlement Plan is to assist customers who are in duress around repaying their loans;

      The goal is to create a new set of Installments for the same loan account from the principal outstanding pending on the loan account

      For example, for a customer who is severely behind on payments, they could agree to a settlement plan where instead of having to pay now, it could be spread over the next 12 months, paying back the remaining 750 euro balance but over 10 equal payments.

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            mdallos Mihaly Dallos
            mdallos Mihaly Dallos

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