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https://issues.apache.org/jira/browse/FINERACT-318?page=com.atlassian.jira.plugin.system.issuetabpanels:all-tabpanel
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Santosh Math updated FINERACT-318:
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Description:
Reported by Subramanya at https://mifosforge.jira.com/browse/MIFOSX-2262
Original Description:
Currently installment amount is getting adjusted with respect to disbursed
amount if "Allow fixing of the installment amount" check box is not not checked
in loan product level.
Eg. If loan product with 2 tranche is defined and in first tranche 5000 is
disbursed, then installment amount is calculated accordingly. If after some
time 2nd tranche of 5000 is disbursed then what ever installment amount created
previously (repayment schedule before second tranche disbursement) is getting
modified and new installment amount is getting generated considering 10000 as
disbursed amount.
So It would be better if user can be able to configure
1. Whether installment amount should get set with respect to approved amount or
disbursed amount,
2. Whether number of repayments should get adjusted with respect to installment
amount or reduce the installment amount keeping number of repayments as same as
original schedule.
Please refer the excel sheet attached for more clarity.
was:
Reported by Subramanya at https://mifosforge.jira.com/browse/MIFOSX-2262
Original Description:
Currently installment amount is getting adjusted with respect to disbursed
amount if "Allow fixing of the installment amount" check box is not not checked
in loan product level.
Eg. If loan product with 2 tranche is defined and in first tranche 5000 is
disbursed, then installment amount is calculated accordingly. If after some
time 2nd tranche of 5000 is disbursed then what ever installment amount created
previously (repayment schedule before second tranche disbursement) is getting
modified and new installment amount is getting generated considering 10000 as
disbursed amount.
So It would be better if user can be able to configure
1. Weather installment amount should get set with respect to approved amount or
disbursed amount,
2. Weather number of repayments should get adjusted with respect to installment
amount or reduce the installment amount keeping number of repayments as same as
original schedule.
Please refer the excel sheet attached for more clarity.
> For multi tranche loan ability to auto generate installment amount with
> respect to approved amount If "Allow fixing of the installment amount"
> checkbox is not checked in the loan product level
> ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
>
> Key: FINERACT-318
> URL: https://issues.apache.org/jira/browse/FINERACT-318
> Project: Apache Fineract
> Issue Type: Bug
> Components: Loan
> Reporter: Santosh Math
> Assignee: Markus Geiss
> Attachments: Installment calculation.xlsx
>
>
> Reported by Subramanya at https://mifosforge.jira.com/browse/MIFOSX-2262
> Original Description:
> Currently installment amount is getting adjusted with respect to disbursed
> amount if "Allow fixing of the installment amount" check box is not not
> checked in loan product level.
> Eg. If loan product with 2 tranche is defined and in first tranche 5000 is
> disbursed, then installment amount is calculated accordingly. If after some
> time 2nd tranche of 5000 is disbursed then what ever installment amount
> created previously (repayment schedule before second tranche disbursement) is
> getting modified and new installment amount is getting generated considering
> 10000 as disbursed amount.
> So It would be better if user can be able to configure
> 1. Whether installment amount should get set with respect to approved amount
> or disbursed amount,
> 2. Whether number of repayments should get adjusted with respect to
> installment amount or reduce the installment amount keeping number of
> repayments as same as original schedule.
> Please refer the excel sheet attached for more clarity.
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