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https://issues.apache.org/jira/browse/FINERACT-2117?page=com.atlassian.jira.plugin.system.issuetabpanels:all-tabpanel
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Adam Saghy resolved FINERACT-2117.
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Resolution: Fixed
> In advance payment strategy: Early Repayment/Late repayment Interest
> Calculation
> --------------------------------------------------------------------------------
>
> Key: FINERACT-2117
> URL: https://issues.apache.org/jira/browse/FINERACT-2117
> Project: Apache Fineract
> Issue Type: Improvement
> Components: Loan
> Reporter: Jose Alberto Hernandez
> Priority: Minor
> Fix For: 1.11.0
>
>
> Progressive interest bearing loan product shall support: Early and late
> payment situations where interest recalculation is enabled.
> In case of an early payment (in advance payment) we have different strategies
> that can be used.
> One of these strategy should be:
> - Adjust last, unpaid period
> The rule is simple, in case of an in advance payment the EMI of the last,
> unpaid period to be amended.
> *Why last?*
> We would like it to be reflected only at the end of the loan term, dont wanna
> change the EMI of the rest of the periods.
> *Why unpaid?*
> It might happen the last installment was fully paid (if transaction processor
> is set to allocate to the last installment the in advance, excess payment)
> and we need to amend the last but one period in that case.
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