bharath gowda created FINERACT-1485:
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Summary: New Loan Charge type "upfront disbursement fees"
Key: FINERACT-1485
URL: https://issues.apache.org/jira/browse/FINERACT-1485
Project: Apache Fineract
Issue Type: Improvement
Components: Charges, Loan
Affects Versions: 1.5.0
Reporter: bharath gowda
Assignee: Avik Ganguly
Fix For: 1.6.0
Attachments: Upfront fee requirement.xlsx
Refer Attachment for full details of the requirement.
|Requirement|Changes |
|New loan entity - fee type to be introduced |Upfront Disbursement Fee|
|
Upfront fee can be on |1. % approved amount
2. Flat|
|Actual Disbursement Amount =|Disbursement amount entered - upfront fees amount|
|Repayment schedule|The repayment schedule should be calculated based on the
actual disbursement amount(Disbursement amount entered - upfront fees)|
|Transaction|Upfront fees should be collected at the time of disbursement(as
shown in the transaction sample)|
|Accounting entry|no changes in accounting entries. it remains standard OOB for
disbursement, fees, and transactions|
|Repayment schedule calculation |once disbursed with the actual disbursement
amount- all calculation remains the same as OOB as per product configuration|
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