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https://issues.apache.org/jira/browse/FINERACT-1485?page=com.atlassian.jira.plugin.system.issuetabpanels:all-tabpanel
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bharath gowda updated FINERACT-1485:
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Description:
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|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|
was:
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|
> 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
> Priority: Major
> 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|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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