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https://issues.apache.org/jira/browse/FINERACT-1981?page=com.atlassian.jira.plugin.system.issuetabpanels:all-tabpanel
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Bharath Gowda updated FINERACT-1981:
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Description:
*Background and Details*
The Legacy Repayment schedule calculation in Fineract for Multi Tranche Loan is
Recalculating and regenerating the schedule for the whole disbursement amount
(all tranche included when ever a new disbursement comes in)
Also the current progressive type only supports non interest loan accounts.
There should be an option where interest can be set for a progressive
calculation type and an option where the Disbursement amount should be
distributed to the future installments only and should not recalculate the
schedule or installments that happened before the disbursement date
This is the expected behavior for products like Wallets, Digital lending, Line
of Credit.
Same can be achieved through configuration where the Legacy calculation is not
impacted
Loan schedule type
* *Cumulative* (by default, legacy): All of the installments are used to split
the newly disbursed amount
* *Progressive* (work in progress): Only the future installments to be used to
split the newly disbursed amount and should support Interest calculation
Attachment contains the examples and working formula for multi disbursements
and Interest calculation for progressive type
was:
*Background and Details*
The Legacy Repayment schedule calculation in Fineract for Multi Tranche Loan is
Recalculating and regenerating the schedule for the whole disbursement amount
(all tranche included when ever a new disbursement comes in)
There should be an option where the Disbursement amount should be distributed
to the future installments only and should not recalculate the schedule or
installments that happened before the disbursement date
This is the expected behavior for products like Wallets, Digital lending, Line
of Credit.
Same can be achieved through configuration where the Legacy calculation is not
impacted
Loan schedule type
* *Cumulative* (by default, legacy): All of the installments are used to split
the newly disbursed amount
* *Progressive* (work in progress): Only the future installments to be used to
split the newly disbursed amount.
> Interest Bearing Enhancement for - Progressive loan accounts
> ------------------------------------------------------------
>
> Key: FINERACT-1981
> URL: https://issues.apache.org/jira/browse/FINERACT-1981
> Project: Apache Fineract
> Issue Type: Improvement
> Reporter: Bharath Gowda
> Assignee: Adam Saghy
> Priority: Major
> Attachments: Repayment schedule handling for mutli
> disubrsements.xlsx, interest calculation for progressive loans.xlsx
>
>
> *Background and Details*
>
> The Legacy Repayment schedule calculation in Fineract for Multi Tranche Loan
> is Recalculating and regenerating the schedule for the whole disbursement
> amount (all tranche included when ever a new disbursement comes in)
> Also the current progressive type only supports non interest loan accounts.
> There should be an option where interest can be set for a progressive
> calculation type and an option where the Disbursement amount should be
> distributed to the future installments only and should not recalculate the
> schedule or installments that happened before the disbursement date
> This is the expected behavior for products like Wallets, Digital lending,
> Line of Credit.
> Same can be achieved through configuration where the Legacy calculation is
> not impacted
> Loan schedule type
> * *Cumulative* (by default, legacy): All of the installments are used to
> split the newly disbursed amount
> * *Progressive* (work in progress): Only the future installments to be used
> to split the newly disbursed amount and should support Interest calculation
> Attachment contains the examples and working formula for multi disbursements
> and Interest calculation for progressive type
>
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