angelboxes commented on issue #592: FINERACT-614: Rates Module URL: https://github.com/apache/fineract/pull/592#issuecomment-514399238 > @vishwasbabu , @vorburger > > What needs to be done to merge this. I dont understand the use case. > > Will there be a problem if @angelboxes merges this? > > @angelboxes is there a UI or Doc for this which one can look and see how to use the feature and review? Hi @awasum I opened this pull request as a follow up for [Pull Request 465 ](https://github.com/apache/fineract/pull/465). You may get a bigger idea about this if you check that pull request. If you want a more detailed I may try to update it. The general idea for the Rates Module is that rate amounts can be associated to a description and later be used to set the nominal interest rate used to create a loan. For our business the nominal interest rate, is calculated by adding multiple rate previously defined, for example: let's say I have a specific rate for widowed people of 8%, a specific rate for college students of 7 % and a general rate for all of our clients of 6 % . When a widowed person comes and asks for a loan I may have choose the widowed rate and general rate to get the rate of 14%. These rates also help us restrict the interest amount that can be set when creating a new loan account beyond the min and max values. This changes are mostly reflected in the Mifos UI because we didn't wanted to change a lot of how Fineract works actually. However the amount of files changed and added here may be overwhelming for some but all previous reviews have improved the idea we had initially about this module.
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