Hello Fineract Community,
I am currently using the Apache Fineract application and have a question
regarding loan restructuring.
I have created a monthly installment loan with a total of 15 installments. The
repayment schedule is as follows:
*
Installments 1 - 4: Fully paid
*
Installments 5 – 8: Due and not yet paid
*
Installments 9 – 12: Not yet due
For reference, the original loan schedule looks like this:
Installment No.
Due Date
Paid status
1
31-May-25
Paid
2
30-Jun-25
Paid
3
31-Jul-25
Paid
4
31-Aug-25
Paid
5
30-Sep-25
Due
6
31-Oct-25
Due
7
30-Nov-25
Due
8
31-Dec-25
Due
9
31-Jan-26
Not yet due
10
28-Feb-26
Not yet due
11
31-Mar-26
Not yet due
12
30-Apr-26
Not yet due
Due to certain business reasons, I would now like to do the following:
1.
Remove installments 9 to 12 from the existing loan which are not due yet.
2.
Create a new loan with:
*
Disbursement date as today (the date when this activity is performed).
*
Repayment schedule consisting only of installments 9 to 12 from the original
loan.
In other words, the first loan should retain installments 1 to 8, and a new
loan should be created for the remaining future installments (9 to 12).
I would like to understand:
*
Whether this is possible in Fineract.
*
If so, what is the recommended approach (API, loan rescheduling, refinance,
write-off and rebook, or any other supported method).
Any guidance, documentation references, or best practices would be greatly
appreciated.
Thank you for your support.
Regards,
Bhaskar Tiwari
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