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https://issues.apache.org/jira/browse/FINERACT-467?page=com.atlassian.jira.plugin.system.issuetabpanels:all-tabpanel
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Santosh Math updated FINERACT-467:
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Labels: p2 (was: )
> Request for equal installment (with equal principal and equal interest) loan
> schedule
> -------------------------------------------------------------------------------------
>
> Key: FINERACT-467
> URL: https://issues.apache.org/jira/browse/FINERACT-467
> Project: Apache Fineract
> Issue Type: New Feature
> Components: Loan
> Environment: Windows
> Reporter: thynn win
> Assignee: Markus Geiss
> Priority: Critical
> Labels: p2
> Attachments: InterestRateCalculation-Mifos.xlsx, Request for equal
> installment with equal interest and equal principal.jpg
>
>
> For loan repayment schedule, we would like to have an option for equal
> installment with equal interest and equal principal option. Please see the
> attachment (left grid) for the sample schedule requested.
> Currently if we make equal installment, either principal or interest will be
> varying. We will arrive at the same interest total interest at the end but
> our MFIs would like to have flat interest and equal principal at the same
> time.
> It's be immensely helpful for their borrowers to remember their balances and
> interest as they are all the same every time.
> Please refer to the spreadsheet.
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