[ https://issues.apache.org/jira/browse/FINERACT-362?page=com.atlassian.jira.plugin.system.issuetabpanels:all-tabpanel ]
Santosh Math updated FINERACT-362: ---------------------------------- Labels: gsoc p2 (was: p2) > Configure Penalty Charge depending on loan's interest rate > ---------------------------------------------------------- > > Key: FINERACT-362 > URL: https://issues.apache.org/jira/browse/FINERACT-362 > Project: Apache Fineract > Issue Type: Improvement > Reporter: Lionel Raymundi > Assignee: Markus Geiss > Priority: Major > Labels: gsoc, p2 > > Our business requirement is to charge penalties for unpaid overdued > installments as follows: > "Every overdue day, charge (installment capital) * (daily interest rate * > 1.5)" > In other words, this means to penalize the overdue by charging a 50% more of > the agreed interest over the due capital. > To solve this, a new Charge Calculation type could be created. It should be > something like "% Amount of the installment * Annual nominal interest rate / > 100". -- This message was sent by Atlassian JIRA (v7.6.3#76005)