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https://issues.apache.org/jira/browse/FINERACT-2400?page=com.atlassian.jira.plugin.system.issuetabpanels:comment-tabpanel&focusedCommentId=18033227#comment-18033227
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Kigenyi Wilfred commented on FINERACT-2400:
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[~bgowda] [~adamsaghy] [~francisguchie] let me know what you think about this.
> Use available on savings account if the available balance is not enough to
> cover the installment
> ------------------------------------------------------------------------------------------------
>
> Key: FINERACT-2400
> URL: https://issues.apache.org/jira/browse/FINERACT-2400
> Project: Apache Fineract
> Issue Type: Improvement
> Components: Loan
> Affects Versions: 1.13.0
> Reporter: Kigenyi Wilfred
> Priority: Minor
> Original Estimate: 24h
> Remaining Estimate: 24h
>
> Loans can be configured to have standing instructions. These standing
> instructions are run by a job at a set time. The idea is to automate transfer
> of funds from the customer's savings account to their loan. In brief we are
> automating paying of loans using funds that are the customers savings account
> when an installment is (over)due. They way it works right right now is that
> transfer (payment) of the loan will only happen if the customer has enough
> available balance to cover the loan amount that is due. If the available
> amount is less than the amount required to settle installment then the
> transfer will not not happen. The system will throw an Insufficient balance
> exception.
> Consider a loan that has an installments of UGX 40,000. If the available
> balance is >=40000 UGX, then the installment will be paid, if it is not,
> let's 39,900, the transfer will not happen and an exception will be thrown.
> Ideally if the funds on the savings account are not enough to cover the
> installment then the maximum available funds should be used to make the
> partial payment of what is being demanded. In this example the UGX 39,900
> should be used to pay part of the 40,000. If desired, a log can made to
> indicate that the funds did not cover the whole installment but at least the
> lender will have recovered some of the the money that is due.
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