Manoj created FINERACT-1348:
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Summary: Balloon Payment: Fix Principall Portion for each
installment to a fixed percentage value
Key: FINERACT-1348
URL: https://issues.apache.org/jira/browse/FINERACT-1348
Project: Apache Fineract
Issue Type: Improvement
Components: Loan
Reporter: Manoj
Assignee: Manoj
To achive Balloon Payment:
For a fixed principal amortization loan, by fixing the Loan term and principal
percentage per installment, the remaining principal is added to the last
installment and thus the last installment becomes balloon payment.
A new settings( parameter) 'fixed principal percentage per installment " to be
introduced to loan product as well as Loan application with CRUD changes for
the same.
fix the principal percentage per installment` in both Flat interest method and
Declining balance method schedule
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