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https://issues.apache.org/jira/browse/FINERACT-1254?page=com.atlassian.jira.plugin.system.issuetabpanels:all-tabpanel
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Mukundhan updated FINERACT-1254:
--------------------------------
Description:
We been trying to create a Loan product which offers Monthly interest repayment
and Quarterly principal repayment schedule. But there is no option to create
like that. If there is any method or way to create like. Please assist us.
Example:
Interest: 15%
Principal: 1,00,000
Interest method: Flat
Interest Calculation Period: Same as repayment
No. of Repayments: 12
+Repayments be like:+
Month 1 - Interest
Month 2 - Interest
Month 3 - Interest + Principal for 3 months (month 1 - 3)
Month 4 - Interest
Month 5 - Interest
Month 6 - Interest + Principal for 3 months (month 4 - 6)
Month 7 -Interest
Month 8 - Interest
Month 9 - Interest + Principal for 3 months (month 7 - 9)
Month 10 - Interest
Month 11 - Interest
Month 12 - Interest + Principal for 3 months (month 10 - 12)
was:
We been trying to create a Loan product which offers Monthly interest repayment
and Quarterly principal repayment schedule. But there is no option to create
like that. If there is any method to create like. Please assist us.
Example:
Interest: 15%
Principal: 1,00,000
Interest method: Flat
Interest Calculation Period: Same as repayment
No. of Repayments: 12
+Repayments be like:+
Month 1 - Interest
Month 2 - Interest
Month 3 - Interest + Principal for 3 months (month 1 - 3)
Month 4 - Interest
Month 5 - Interest
Month 6 - Interest + Principal for 3 months (month 4 - 6)
Month 7 -Interest
Month 8 - Interest
Month 9 - Interest + Principal for 3 months (month 7 - 9)
Month 10 - Interest
Month 11 - Interest
Month 12 - Interest + Principal for 3 months (month 10 - 12)
> There is no option to create quarterly principal and monthly Interest
> repayment method...
> -----------------------------------------------------------------------------------------
>
> Key: FINERACT-1254
> URL: https://issues.apache.org/jira/browse/FINERACT-1254
> Project: Apache Fineract
> Issue Type: Bug
> Components: Loan
> Affects Versions: 1.4.0
> Reporter: Mukundhan
> Priority: Minor
>
> We been trying to create a Loan product which offers Monthly interest
> repayment and Quarterly principal repayment schedule. But there is no option
> to create like that. If there is any method or way to create like. Please
> assist us.
> Example:
> Interest: 15%
> Principal: 1,00,000
> Interest method: Flat
> Interest Calculation Period: Same as repayment
> No. of Repayments: 12
> +Repayments be like:+
> Month 1 - Interest
> Month 2 - Interest
> Month 3 - Interest + Principal for 3 months (month 1 - 3)
> Month 4 - Interest
> Month 5 - Interest
> Month 6 - Interest + Principal for 3 months (month 4 - 6)
> Month 7 -Interest
> Month 8 - Interest
> Month 9 - Interest + Principal for 3 months (month 7 - 9)
> Month 10 - Interest
> Month 11 - Interest
> Month 12 - Interest + Principal for 3 months (month 10 - 12)
>
>
>
>
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