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Vishwas Babu A J Binny Gopinath Sreevas
I agree to the approach listed above, but in my experience the usual way to reschedule is to not create a new loan. But keep the existing loan open, and change the status from Active to Active (Rescheduled) or something similar, and then adjust the schedule. You agree this should be an alternative way forward in light of the rescheduling features we have been discussing?
But until we have that feature this one could work as well, although it is prone to errors obviously because there are no firm checks in place that make sure the same amount of principal is used again.
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