[FINERACT-686] Add 'cycle' as chargeTimeType for loans

• Type: New Feature
• Status: Open
• Priority: Minor
• Resolution: Unresolved
• Affects Version/s: 1.1.0
• Component/s: Loan
• Labels: Roadmap2022
• Assignee: Unassigned
• Reporter: sapana
• Created: 01/Jan/19 08:48
• Updated: 03/Nov/22 12:59

Description

Currently loan charges have 'installment' as chargeTime option. However, for a loan if there are several overdue installment, penalty is applied on due date once per overdue installment. Ideally, we would like to apply loan charge only once per due date (irrespective of number of overdue installments)
Attached is screenshot of current behaviour: filename: Screen Shot 2018-12-03 at 11.49.59 AM
And desired behaviour - late penalty once per due date - filename : Screen Shot 2018-12-06 at 10.08.56 AM