Uploaded image for project: 'Apache Fineract'
  1. Apache Fineract
  2. FINERACT-550

Add Remaining Installment back to Balance of Loan

    XMLWordPrintableJSON

    Details

    • Type: Improvement
    • Status: Closed
    • Priority: Major
    • Resolution: Won't Do
    • Affects Version/s: None
    • Fix Version/s: None
    • Component/s: Loan
    • Labels:
      None

      Description

      When client makes partial repayment with Penalties, Fees, Interest, Principal repayment strategy, remaining installment amount (if Principal only) should be allowed to be added back to balance of loan.

      E.g. Installment due is 2,561.95. No Penalties or Fees due. Interest due amount is 101.92, Principal due is 2,460.03. Client pays 1200 so Interest is fully paid and 1098.08 of Principal is paid. 1,361.95 of Principal remains. There should be an option to add this amount back to the balance of loan. The installment should also be considered fully repaid and interest is recalculated for the whole schedule.
      https://demo.openmf.org/#/viewloanaccount/1742

      https://issues.apache.org/jira/browse/FINERACT-517

        Attachments

          Activity

            People

            • Assignee:
              mgeiss Markus Geiss
              Reporter:
              mmyint May Myint
            • Votes:
              0 Vote for this issue
              Watchers:
              1 Start watching this issue

              Dates

              • Created:
                Updated:
                Resolved: