[
https://issues.apache.org/jira/browse/FINERACT-2065?page=com.atlassian.jira.plugin.system.issuetabpanels:all-tabpanel
]
Mihaly Dallos closed FINERACT-2065.
-----------------------------------
> Fix length loan
> ---------------
>
> Key: FINERACT-2065
> URL: https://issues.apache.org/jira/browse/FINERACT-2065
> Project: Apache Fineract
> Issue Type: New Feature
> Reporter: Mihaly Dallos
> Assignee: Mihaly Dallos
> Priority: Major
> Labels: PepperSoup
> Fix For: 1.10.0, 1.10.1
>
>
> Due to regulatory requirements in France, where loans cannot exceed 89 days,
> the Fineract SOR needs to be extended to support defining that a loan has a
> maximum length and the maximum length of that loan defines the length of the
> last installment which will be a shorter period than the first two
> installments.
> For example for France this would consist of two thirty-day installments and
> one 29-day final installment. The initial plan/repayment schedule has to stay
> within that maximum loan length period. Trailing activities post-maturity
> that could post to the loan beyond the maximum loan length period are
> permitted.
> h2. Requirements
> # Need an Option to define the fixed tenure for the loan account
> # All installments should honor the repayment frequency set and the fixed
> length tenure days should be adjusted to the last installment only
> # Max length can be defined in days or weeks or monthly, Only applicable for
> loans with terms defined in days or weeks or monthly respectively
> # Payment holiday, skip payment or Reschedule keeps the length (in days) of
> the last installment the same as before - honors the fixed length defined
> # Extend schedule changing the repayment schedule is fine
> # it can be applied only with 0-interest products.
> # Post maturity, N+1 is allowed is not affected by this feature
--
This message was sent by Atlassian Jira
(v8.20.10#820010)
