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https://issues.apache.org/jira/browse/FINERACT-686?page=com.atlassian.jira.plugin.system.issuetabpanels:all-tabpanel
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Aman Mittal updated FINERACT-686:
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Fix Version/s: Unknown
> Add 'cycle' as chargeTimeType for loans
> ---------------------------------------
>
> Key: FINERACT-686
> URL: https://issues.apache.org/jira/browse/FINERACT-686
> Project: Apache Fineract
> Issue Type: New Feature
> Components: Loan
> Affects Versions: 1.1.0
> Reporter: sapana
> Priority: Minor
> Labels: Roadmap2022
> Fix For: Unknown
>
> Attachments: Screen Shot 2018-12-03 at 11.49.59 AM.png, Screen Shot
> 2018-12-06 at 10.08.56 AM.png
>
>
> Currently loan charges have 'installment' as chargeTime option. However, for
> a loan if there are several overdue installment, penalty is applied on due
> date once per overdue installment. Ideally, we would like to apply loan
> charge only once per due date (irrespective of number of overdue installments)
> Attached is screenshot of current behaviour: filename: Screen Shot 2018-12-03
> at 11.49.59 AM
> And desired behaviour - late penalty once per due date - filename : Screen
> Shot 2018-12-06 at 10.08.56 AM
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