Hi Jun, This parameter is used to provide control over the adjustments made on the last installment when the EMI of a loan is set (instead of the tenure). For example, if we set *Principal Threshold (%) for Last Installment" as 10%, whenever the principal portion of the last installment is lesser than 10% percent of the fixed EMI , the last installment is removed and the amount is added to the last but one installment instead (thereby avoiding installments with very small amounts)
See https://mifosforge.jira.com/browse/MIFOSX-1844 for details of the requirements around this setting Regards, Vishwas On 2019/10/03 05:54:54, Jun King Miñon <[email protected]> wrote: > Hi Everyone, > > I am checking the User Manual about *Principal Threshold (%) for Last > Instalment **under Loan Product creation (Settings) *however could not find > a clear picture on what it is for or when will it be used. > > I looked into https://issues.apache.org/jira/browse/FINERACT-302 but this > does not give a clear answer as well. Is there someone who has used this > parameter before? > > Any help would be highly appreciated. Thank you very much. Cheers! > > > Regards, > > Jun King P. Miñon > Consultant Software Engineer > Core Banking Solutions > > -- > > > > PEARLPAY INC. > > > 2nd Floor, 22 The Jupiter Center, Jupiter Street, > Makati, 1209 Metro Manila, Philippines > > > > https://www.pearlpay.com > <https://www.pearlpay.com> > https://www.linkedin.com/company/pearlpay > <https://www.linkedin.com/company/pearlpay> > > https://www.facebook.com/PearlPayOFFICIAL > <https://www.facebook.com/PearlPayOFFICIAL/> > > This email and any files > transmitted with it are confidential and intended solely for the use of the > individual or entity to whom they are addressed. If you have received this > email in error please notify the system manager. This message contains > confidential information and is intended only for the individual named. If > you are not the named addressee you should not disseminate, distribute or > copy this e-mail. Please notify the sender immediately by e-mail if you > have received this e-mail by mistake and delete this e-mail from your > system. If you are not the intended recipient you are notified that > disclosing, copying, distributing or taking any action in reliance on the > contents of this information is strictly prohibited. WARNING: Computer > viruses can be transmitted via email. The recipient should check this email > and any attachments for the presence of viruses. The company accepts no > liability for any damage caused by any virus transmitted by this email. > E-mail transmission cannot be guaranteed to be secure or error-free as > information could be intercepted, corrupted, lost, destroyed, arrive late > or incomplete, or contain viruses. The sender therefore does not accept > liability for any errors or omissions in the contents of this message, > which arise as a result of e-mail transmission. Our company accepts no > liability for the content of this email, or for the consequences of any > actions taken on the basis of the information provided, unless that > information is subsequently confirmed in writing. If you are not the > intended recipient you are notified that disclosing, copying, distributing > or taking any action in reliance on the contents of this information is > strictly prohibited. Any views or opinions presented in this email are > solely those of the author and do not necessarily represent those of the > company. Employees of the company are expressly required not to make > defamatory statements and not to infringe or authorize any infringement of > copyright or any other legal right by email communications. Any such > communication is contrary to company policy and outside the scope of the > employment of the individual concerned. The company will not accept any > liability in respect of such communication, and the employee responsible > will be personally liable for any damages or other liability arising. > >
