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https://issues.apache.org/jira/browse/FINERACT-1485?page=com.atlassian.jira.plugin.system.issuetabpanels:comment-tabpanel&focusedCommentId=17472730#comment-17472730
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bharath gowda commented on FINERACT-1485:
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Hi [~francisguchie] ,
Glad you went through the changes raised :)
But this enhancement is not OOB.
the requirement I have raised is going to be deducted from the disbursement
amount as payment and only net disbursement would be treated as actual
disbursement
for example:-
if you raise a disbursement for $1000 and an Upfront Disbursement fee as 1%
then the loan should be disbursed for $990 and fees of $10 will be collected
upfront by the system.
Currently, loan is getting disbursed at $1000 only + the fee of $10 is getting
collected
Refer to the excel I have attached for more infromation.
> 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
> Priority: Major
> Fix For: 1.6.0
>
> Attachments: Upfront fee requirement.xlsx, screenshot-1.png
>
>
> 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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