Francis Guchie created FINERACT-1944:
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Summary: interest recalculation only when client pays early - do
not recalculate if payment is on time or late (so that interest remains the
same)
Key: FINERACT-1944
URL: https://issues.apache.org/jira/browse/FINERACT-1944
Project: Apache Fineract
Issue Type: New Feature
Reporter: Francis Guchie
As a client of a financial institution i would like to see the following among
others for my loan
* *Interest Method: Declining Balance*
* *Interest recalculation: Enabled* - When I pay my installments before due
date, the system should follow the standard of recalculating my interest
downwards. When I pay late the system does not recalculate (or lets say it does
but ignores updating my interest upwards.
[~ikimbrah] [~bgowda] is this a viable new feature?
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