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https://issues.apache.org/jira/browse/FINERACT-1944?page=com.atlassian.jira.plugin.system.issuetabpanels:comment-tabpanel&focusedCommentId=17735112#comment-17735112
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Bharath Gowda commented on FINERACT-1944:
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[~francisguchie] yes, it is a viable enhancement to the loan module provided
that it is added as a configurable option under loan products.
For example:
Like a checkbox option inside the "interest recalculation section" of the loan
product configuration.
users who whats their loan to calculate interest like this can enable the
checkbox and use it.
> 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
> Priority: Major
>
> 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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