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https://issues.apache.org/jira/browse/FINERACT-1348?page=com.atlassian.jira.plugin.system.issuetabpanels:all-tabpanel
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Manoj updated FINERACT-1348:
----------------------------
Description:
This is part of inventory financing requirement.
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
was:
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
> 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
> Priority: Minor
> Attachments: Screenshot 2021-04-17 at 22.58.08.png
>
>
> This is part of inventory financing requirement.
> 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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