[
https://issues.apache.org/jira/browse/FINERACT-167?page=com.atlassian.jira.plugin.system.issuetabpanels:comment-tabpanel&focusedCommentId=15322189#comment-15322189
]
ASF GitHub Bot commented on FINERACT-167:
-----------------------------------------
Github user nazeer1100126 commented on a diff in the pull request:
https://github.com/apache/incubator-fineract/pull/130#discussion_r66404831
--- Diff:
fineract-provider/src/main/java/org/apache/fineract/portfolio/loanaccount/domain/Loan.java
---
@@ -5972,4 +5986,204 @@ public BigDecimal
getDerivedAmountForCharge(LoanCharge loanCharge) {
return amount;
}
+ public LoanRepaymentScheduleInstallment
fetchLoanForeclosureDetail(final LocalDate closureDate) {
+ Money totalPrincipal = Money.of(getCurrency(),
this.getSummary().getTotalPrincipalOutstanding());
+ Money[] receivables =
retriveIncomeOutstandingTillDate(closureDate);
+ final List<LoanInterestRecalcualtionAdditionalDetails>
compoundingDetails = null;
+ return new LoanRepaymentScheduleInstallment(null, 0,
LocalDate.now(), LocalDate.now(), totalPrincipal.getAmount(),
+ receivables[0].getAmount(), receivables[1].getAmount(),
receivables[2].getAmount(), false, compoundingDetails);
+ }
+
+ public Money[] retriveIncomeOutstandingTillDate(final LocalDate
paymentDate) {
+ Money[] balances = new Money[3];
+ final MonetaryCurrency currency = getCurrency();
+ Money interest = Money.zero(currency);
+ Money fee = Money.zero(currency);
+ Money penalty = Money.zero(currency);
+ boolean isArrearsPresent = false;
+ for (final LoanRepaymentScheduleInstallment installment :
this.repaymentScheduleInstallments) {
+ if (installment.isNotFullyPaidOff()) {
+ if (!isArrearsPresent ||
!installment.getDueDate().isAfter(paymentDate)) {
+ interest =
interest.plus(installment.getInterestOutstanding(currency));
+ fee =
fee.plus(installment.getFeeChargesOutstanding(currency));
+ penalty =
penalty.plus(installment.getPenaltyChargesOutstanding(currency));
+ isArrearsPresent = true;
+ } else if
(installment.getFromDate().isBefore(paymentDate)) {
+ int totalPeriodDays =
Days.daysBetween(installment.getFromDate(), installment.getDueDate()).getDays();
+ int tillDays =
Days.daysBetween(installment.getFromDate(), paymentDate).getDays();
+ interest =
interest.plus(calculateInterestForDays(totalPeriodDays,
installment.getInterestOutstanding(currency)
+ .getAmount(), tillDays));
+ for (LoanCharge loanCharge : this.charges) {
+ if (loanCharge.isActive()
+ &&
loanCharge.isDueForCollectionFromAndUpToAndIncluding(installment.getFromDate(),
paymentDate)) {
+ if (loanCharge.isPenaltyCharge()) {
+ penalty =
penalty.plus(loanCharge.getAmountOutstanding(currency));
+ } else {
+ fee =
fee.plus(loanCharge.getAmountOutstanding(currency));
+ }
+ }
+ }
+ }
+ }
+ }
+ balances[0] = interest;
+ balances[1] = fee;
+ balances[2] = penalty;
+ return balances;
+ }
+
+ private double calculateInterestForDays(int daysInPeriod, BigDecimal
interest, int days) {
+ if (interest.doubleValue() == 0) { return 0; }
+ return ((interest.doubleValue()) / daysInPeriod) * days;
+ }
+
+ public boolean canForecloseLoan() {
--- End diff --
This method is not required as already validation is done
> Implementation of loan foreclosure functionality
> ------------------------------------------------
>
> Key: FINERACT-167
> URL: https://issues.apache.org/jira/browse/FINERACT-167
> Project: Apache Fineract
> Issue Type: New Feature
> Components: Loan
> Reporter: Vishwanath R
> Assignee: Markus Geiss
>
> On foreclosure of the active loan application, the following things should
> happen,
> 1) Repay total loan outstanding principal amount.
> 2) Repay total Interest amount (accrued and due) till Foreclosure date.
> 3) Repay total Fee, Charges or Penalties due, if any till Foreclosure date.
> 4) Accounting entries will be made as per product configuration for interest
> and loan portfolio payments.
> 5) Future installment Interest, Fee, Charge, or Penalty, if any, is waived
> off (there won’t be any accounting entries for these transactions).
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