Adriana, One of our partners in Hungary, DPC, might have implemented a similar change to allow a variable interest rate to be applied to an existing loan. I'll let Istvan respond if they had worked on a similar issue and whether or not they could share their experiences.
Ed On Fri, Oct 6, 2017 at 9:43 AM, Adriana Pinto <[email protected]> wrote: > Hi Community. > > We have got a requirement defined, the modification of the nominal > interest rate when loans are already active and running. > > For example, the loan were defined with a rate of 15% and 12 repayments, > but at 6th. Repayment, the supervisor wants a new rate for this specific > loan of 8% for example, and recalculate the Repayment Schedule with the new > rate, for the 6 pending fees. > > This recalculation should take as its base the current due principal . > > > > I tried to use the floating interest rates option in order to solve the > issue, but this is not the need we already have. > > Do you know any way of doing this process in MIFOS, or someone has had the > same requirement? > > > > Thank you. > > Adriana > -- *Ed Cable* President/CEO, Mifos Initiative [email protected] | Skype: edcable | Mobile: +1.484.477.8649 *Collectively Creating a World of 3 Billion Maries | *http://mifos.org <http://facebook.com/mifos> <http://www.twitter.com/mifos>
