Hey, I was wondering how do I fix a loan which is NPA'ed I tried all config related to loan , intact tried posting backdated loan.
how do you test a NPA loan ? Anyone let me know ? On Fri, Jun 21, 2019 at 3:11 PM Saransh Sharma <[email protected]> wrote: > When loan is overdue which can be defined as part of arrears tolerance. > > I am wondering if out of arrears I can stop penalty > > On Fri, 21 Jun 2019, 15:07 Santosh Math, <[email protected]> > wrote: > >> Saransh, >> Penalties are applied when scheduler job is run if the loan account is >> applied with penalty fee. I am just trying to say the difference between >> loan in arrears and loan in NPA. >> >> On Fri, Jun 21, 2019 at 3:00 PM Saransh Sharma <[email protected]> >> wrote: >> >>> Are you referring to automatic penalties? >>> >>> On Fri, 21 Jun 2019, 14:50 Santosh Math, < >>> [email protected]> wrote: >>> >>>> Hi Saransh, >>>> >>>> When the account is overdue/arrears penalties are applied based on the >>>> arrears and penalty definition. When the account is overdue/NPA , penalties >>>> should not be applied. >>>> >>>> >>>> On Fri, Jun 21, 2019 at 2:01 PM Saransh Sharma <[email protected]> >>>> wrote: >>>> >>>>> Hi, I have a question >>>>> >>>>> 1. When the account is overdue then it should stop applying >>>>> fees/penalties and charges >>>>> 2. In case of NPA also when in. applying penalties (automatic) one. >>>>> >>>>> On Thu, Jun 13, 2019 at 12:22 AM Zayyad A. Said < >>>>> [email protected]> wrote: >>>>> >>>>>> That’s great to hear that it can be fixed asap. >>>>>> >>>>>> >>>>>> >>>>>> Will appreciate if we can get a quick fix for it, our clients are >>>>>> really frustrated on this. >>>>>> >>>>>> >>>>>> >>>>>> Regards; >>>>>> >>>>>> >>>>>> >>>>>> ********* >>>>>> >>>>>> *Zayyad A. Said | Chairman & C.E.O* >>>>>> >>>>>> >>>>>> >>>>>> Cell No.: +254 716 615274 | Skype: *zsaid2011* >>>>>> >>>>>> Email: [email protected] >>>>>> >>>>>> Schedule Meetings: https://calendly.com/zayyadsaid >>>>>> >>>>>> [image: Description: Email banner] >>>>>> >>>>>> >>>>>> >>>>>> *From:* Saransh Sharma [mailto:[email protected]] >>>>>> *Sent:* 12 June 2019 04:25 PM >>>>>> *To:* Dev; Mexina Daniel >>>>>> *Cc:* Zayyad A. Said; Mifos software development >>>>>> *Subject:* Re: [Mifos-developer] Overdues for NPA >>>>>> >>>>>> >>>>>> >>>>>> I think I can fix this issue asap. >>>>>> >>>>>> >>>>>> >>>>>> On Wed, 12 Jun 2019, 17:50 Mexina Daniel, <[email protected]> >>>>>> wrote: >>>>>> >>>>>> Hello Zayyad >>>>>> >>>>>> this issue has already been reported on this ticket >>>>>> https://issues.apache.org/jira/browse/FINERACT-687 >>>>>> >>>>>> Best Regards >>>>>> >>>>>> On June 12, 2019 at 1:52 AM "Zayyad A. Said" < >>>>>> [email protected]> wrote: >>>>>> >>>>>> Hello Devs, >>>>>> >>>>>> >>>>>> >>>>>> In loan products configuration there is an option to define overdue >>>>>> days for a loan to be classified as Non-Performing Asset (NPA). >>>>>> >>>>>> >>>>>> >>>>>> >>>>>> >>>>>> In my understanding and from my knowledge of the industry, a loan >>>>>> that has been classified as NPA doesn’t attract any more charges or >>>>>> penalties and the FI normally does effort to recover what’s due so that >>>>>> the >>>>>> loan can either be reclassified as Performing or Closed. I want to >>>>>> believe >>>>>> this was also the main reason of having this option in Mifos X. >>>>>> >>>>>> >>>>>> >>>>>> To my surprise, the system still charges interest & penalties even >>>>>> when a loan has been overdue for more days than what has been specified >>>>>> as >>>>>> NPA at the product level. >>>>>> >>>>>> >>>>>> >>>>>> Is this a bug or there is a configuration missing which should stop >>>>>> further accruals? >>>>>> >>>>>> >>>>>> >>>>>> I have observed this in both versions 17.07.01 and 18.03.01 and the >>>>>> behaviour is just the same. >>>>>> >>>>>> >>>>>> >>>>>> Could anyone who has successfully manage to get this feature working >>>>>> for them come forward and advise how they configured the product. >>>>>> >>>>>> >>>>>> >>>>>> If it’s a bug, how can we get it resolved? We have a number of our >>>>>> clients struggling with penalty accruals and waiving the same is a very >>>>>> tedious exercise as they have to do it one by one. >>>>>> >>>>>> >>>>>> >>>>>> Regards; >>>>>> >>>>>> >>>>>> >>>>>> ********* >>>>>> >>>>>> *Zayyad A. Said | Chairman & C.E.O* >>>>>> >>>>>> >>>>>> >>>>>> Cell No.: +254 716 615274 | Skype: *zsaid2011* >>>>>> >>>>>> Email: [email protected] >>>>>> >>>>>> Schedule Meetings: https://calendly.com/zayyadsaid >>>>>> >>>>>> [image: Description: Email banner] >>>>>> >>>>>> >>>>>> >>>>>> >>>>>> >>>>>> >>>>>> Mifos-developer mailing list >>>>>> [email protected] >>>>>> Unsubscribe or change settings at: >>>>>> https://lists.sourceforge.net/lists/listinfo/mifos-developer >>>>>> >>>>>> >>>>> >>>>> -- >>>>> >>>>> >>>>> Saransh Sharma >>>>> >>>>> >>>>> >>>>> ---------------------------------------------------------------------------------------------- >>>>> >>>>> The idea of separation of me and you is amazing. >>>>> >>>>> ---------------------------------------------------------------------------------------------- >>>>> >>>>> >>>>> >>>> >>>> >>>> -- >>>> Thanks & Regards >>>> >>>> Santosh Math >>>> >>>> *QA Engineer* >>>> >>>> *Conflux Technologies Pvt Ltd <http://www.confluxtechnologies.com/>* >>>> | *Office*: +91-080-41208662 | >>>> >>>> *Address*: #304, 2nd Floor, 7th Main Road, HRBR Layout 1st Block, >>>> Bengaluru, Karnataka, 560043 INDIA >>>> >>> >> >> -- >> Thanks & Regards >> >> Santosh Math >> >> *QA Engineer* >> >> *Conflux Technologies Pvt Ltd <http://www.confluxtechnologies.com/>* >> | *Office*: +91-080-41208662 | >> >> *Address*: #304, 2nd Floor, 7th Main Road, HRBR Layout 1st Block, >> Bengaluru, Karnataka, 560043 INDIA >> > -- Saransh Sharma ---------------------------------------------------------------------------------------------- The idea of separation of me and you is amazing. ----------------------------------------------------------------------------------------------
