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http://mifosforge.jira.com/browse/MIFOS-5275?page=com.atlassian.jira.plugin.system.issuetabpanels:comment-tabpanel&focusedCommentId=71102#comment-71102
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Ed Cable commented on MIFOS-5275:
---------------------------------
This should be supported fine by Variable Installments feature but before i
resolve/close issue wanted to confirm and also have this logged for historical
purposes.
> Support for Lump Sum/Balloon Payments
> -------------------------------------
>
> Key: MIFOS-5275
> URL: http://mifosforge.jira.com/browse/MIFOS-5275
> Project: mifos
> Issue Type: Improvement
> Components: Loan Account
> Reporter: Ed Cable
> Labels: featuretrain
>
> Lump Sum/Balloon Payment: Scenario is where the client takes out a loan, and
> pays it back either of 2 ways. She pays only interest during each collection
> and then the principal at the end, or she just pays the entire amount
> (principal + interest) at the end, making no payments between disbursal and
> collection. This is often used for Agricultural loans, where the MFI doesn't
> want to collect until after the crop has been harvested.
> The variable loan schedule feature should meet this scenario.
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