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http://mifosforge.jira.com/browse/MIFOS-2651?page=com.atlassian.jira.plugin.system.issuetabpanels:all-tabpanel
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Kay Chau resolved MIFOS-2651.
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Resolution: Fixed
Fix Version/s: Release E
Feature to have options when repaying loan is implemented in E
> Configuration option for early repayment on whether full interest is charged
> or not
> ------------------------------------------------------------------------------------
>
> Key: MIFOS-2651
> URL: http://mifosforge.jira.com/browse/MIFOS-2651
> Project: mifos
> Issue Type: Improvement
> Components: Loan Account
> Reporter: Ryan Whitney
> Assignee: Kay Chau
> Fix For: Release E
>
>
> There continues to be a lot of confusion around the "repay loan" feature.
> Most institutions try to use it and then balk because the amount being
> charged isn't correct (because the system is only charging the interest due
> up to right then). For a lot of institutions (in fact, just about all that
> I've worked with so far - I haven't seen this to not be the case yet) they
> will still charge the full interest if the client repays early.
> This should be a configuration option, whether to charge full interest or not.
> 1st stage would just affect repay loan
> a later stage might affect all payments, forgiving some interest if the
> client pays early.
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