Dear Colleagues,
I'm not sure if I follow; I have experience practice where by the whole
current loan balance is migrated to new initiated top up loan... and
repayment formula follow the new top-up loan.
The current/rather the old loan become closed...
Is what you said?
Regard
Sendoro
On 2016-08-16 09:53, ASF GitHub Bot (JIRA) wrote:
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https://issues.apache.org/jira/browse/FINERACT-131?page=com.atlassian.jira.plugin.system.issuetabpanels:comment-tabpanel&focusedCommentId=15422517#comment-15422517
]
ASF GitHub Bot commented on FINERACT-131:
-----------------------------------------
Github user asfgit closed the pull request at:
https://github.com/apache/incubator-fineract/pull/210
Allow new loans to clear balances of existing loans (Top Up Loans)
------------------------------------------------------------------
Key: FINERACT-131
URL:
https://issues.apache.org/jira/browse/FINERACT-131
Project: Apache Fineract
Issue Type: Improvement
Reporter: Dayna Harp
Assignee: Markus Geiss
Priority: Minor
https://mifosforge.jira.com/browse/MIFOSX-439
Essentially this is a very straight forward implementation of the
top-up loans principle, whereby the current loan will be paid off
using the balance of the top up loan (once approved/disbursed). The
disbursed amount of the top-up loan will therefore be reduced by the
outstanding balance (P+I) of the old loan. The remainder is treated as
a completely new product with a new schedule.
A proposed way to implement this might be to specify whether a certain
product is eligible for topping up and if so, to pull in a list of
active loans from the same client as part of the loan template when
setting up the product.
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