Hi Ed, I created one scenario here- all principal only paid at last instalment- using moratorium on Principal payment.
https://demo.openmf.org/#/viewloanaccount/1722 If number of instalments are 'n' and then set moratorium on principal payment as 'n-1' in above link n=4. Thanks Santosh On Tue, Oct 31, 2017 at 7:59 PM, Ed Cable <[email protected]> wrote: > 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> > >
