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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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Adam Saghy updated FINERACT-1981:
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Affects Version/s: 1.12.0
1.10.1
1.11.0
> 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
> Affects Versions: 1.11.0, 1.10.1, 1.12.0
> Reporter: Bharath Gowda
> Assignee: Adam Saghy
> Priority: Major
> Labels: PepperSoup
> 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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