This use case has nothing to do with Repayment Strategy code. 2 approaches to solve this:
1. Modify Loan Product definition to define the cut-off date and automatic principal grace to be applied. During disburse command, based on the product definition, modify the loan terms to automatically adjust the emi date and principal moratorium. 2. Change the disburse command to take in additional parameters like repayment start date and prinicipal moratorium and update it into the loan. Both would require changes in disburse command, but sol 1 gives the control at loan product definition while sol 2 gives control at the staff level. Regards, Adi From: Ed Cable [mailto:edca...@mifos.org] Sent: 11 May 2016 04:39 To: dev@fineract.incubator.apache.org Cc: anubhav singh <anu199...@gmail.com> Subject: Question about Fineract Repayment Strategy Anubhav has the need to support the following as he describes below. Essentially I think what he needs is for loans that are disbursed post the 10th of the month, the first repayment should be interest only. One solution that comes to mind is a moratorium on principal for the first installment but I'm not sure if that would work. I will let others in the community chime in and suggest how to support this need. =========== (2) In the Loan Repayment strategy, kindly guide us how to go about minor tweaks. Now our organization follows a declining Balance methodology, which is all covered in MIFOSX. Now the issue which i'm facing is that we have a Fixed repayment date (1-10)th of every month, and if the loan is disbursed post 10th of any month,say for example 20th Sep, the first repayment on 7th Oct will consist of Interest payment only for (20th Sep-7th Oct) and post that normal Declining balance methodology shall follow (as pre-defined in MIFOSX). Kindly note: the interest charged for (20th June-7th July) in example stated above, is for holding the full principle , and following that simple Declining balance defined repayment strategy is followed. Please refer to the pic attached. Thanking you again for the kind help. Will eagerly wait for your reply. Regards Anubhav Singh <https://web.chilipiper.com/track/mifos.org/57326978e4b02bbec5bc5b96.png>
