Santosh or others, I was trying to test out configuration of a bullet loan (all principal or principal/interest) to be repaid in the final installment of the loan.
I was going to try two approaches and ended up doing mix of the two to achieve my purpose but I think it could be made easier. *Approach 1: * - Set loan term to # of months for total maturity of loan (i.e. 24 months) - Set # of repayments to 1. Expected: Repayment schedule has the 1 one repayment as the final date in the maturity of the loan Actual: Repayment date is first due after disbursal (i.e. first month). Approach 2: - Create a full schedule - Modify repayment schedule and delete all the payments except the last one and modify installments amount to be total. Expected: successful loan creation Actual: got several different errors even though I had set max gap in installment to be greater than the gap I was testing. validation.msg.loan.variable.schedule.date.must.be.in.min.max.range Blended Approach: - At last I just did what I did in approach 1 and then i modified repayment schedule to adjust the installment date till the maturity date. Originally I thought i had to do find this maturity date on my own but then I realize it was displayed so this isn't too bad. Alternatively one could specify first repayment date as this maturity date too. Is this the approach one should take? -- *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>
