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http://mifosforge.jira.com/browse/MIFOS-3973?page=com.atlassian.jira.plugin.system.issuetabpanels:all-tabpanel
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Surabhi Choubey updated MIFOS-3973:
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Description: Pawdep wants to offer benefit to the clients who pay more
than the installment due amount.When a client pays more than the installment
due amount, the amount goes towards paying the principal of subsequent
installments.This leads to a lower value of interest.The present story aims to
develop this new mode of interest calculation. (was: Introduce new checkbox
labelled 'Calculate interest daily'
This checkbox is available only if 'Declining Balance' interest type is
selected.
This checkbox is automatically greyed out if the user selects 'can configure
Variable installment' checkbox and vice-versa.
During edit of the loan product, the user WILL NOT be allowed to modify this
value. THis is to avoid recomputation of loan schedule for an existing loan.)
> Introduce declining balance-interest reclaculation interest rate type
> ---------------------------------------------------------------------
>
> Key: MIFOS-3973
> URL: http://mifosforge.jira.com/browse/MIFOS-3973
> Project: mifos
> Issue Type: Story
> Affects Versions: Elsie F - Iteration 3
> Reporter: Tejus Datta
> Assignee: Deepak Paramasivam
> Priority: Major
> Fix For: Elsie F - Iteration 4
>
> Attachments: 3793 - Introduce declining principal interest .doc,
> 3973_Introduce Declining Balance- Interest Recalculation Interest Type.doc
>
>
> Pawdep wants to offer benefit to the clients who pay more than the
> installment due amount.When a client pays more than the installment due
> amount, the amount goes towards paying the principal of subsequent
> installments.This leads to a lower value of interest.The present story aims
> to develop this new mode of interest calculation.
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