Bharath Gowda created FINERACT-2152:
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Summary: Pause Interest Calculation for certain days
Key: FINERACT-2152
URL: https://issues.apache.org/jira/browse/FINERACT-2152
Project: Apache Fineract
Issue Type: New Feature
Reporter: Bharath Gowda
*Requirement*
Ability to pause interest calculation and accrual. While paused, no interest
will be calculated. On resume, interest calculation accrual would start at the
loan defined interest rate.
*Acceptance criteria*
# *It is only supported for progressive loans and with recalculate interest =
true*
# User should be able to Pause Interest between any dates in the loan life
cycle with start and end date parameters
# No Interest will be calculated for the days ‘interest pause’ is applied for
# Multiple Interest pause can happen in a loan life cycle, but no overlapping
should be allowed
# No resume option required
# Start date can be any date as far as it is the latest transaction date(but
cannot be on or after maturity date)
# End date cannot go beyond maturity date
# The Interest pause calculation will remains same for pay-off,
charge-off,reschedule calculation as well
# No Accrual transaction will be posted for the pause period dates
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