Hi Amit,
Before you preclose a loan-you can apply a fee to it-either a misc fee
or you can create a predefined fee called "Terminiation Charge" for
example. First, apply the fee to the loan, then when you close the
loan-this fee will be included in the total amount paid.
Hope this helps,
Emily
From: AMIT JAIN [mailto:amitjain....@gmail.com]
Sent: Wednesday, July 14, 2010 4:58 AM
To: A good place to start for users or folks new to Mifos.
Subject: Re: [Mifos-users] Re Pay Issue
Thanks Kay,
My second point
There is a certain charges at the time of prepayment we called it
Termination charges or forclousre charges .
I cant find out the how i will apply this at the time of prepayment.
Please clarify this
Thanks and Regards,
On Wed, Jul 14, 2010 at 2:45 PM, Kay Chau <kc...@grameenfoundation.org>
wrote:
Hi Amit
Some comments inline...
From: AMIT JAIN [mailto:amitjain....@gmail.com]
Sent: Wednesday, July 14, 2010 2:08 AM
To: A good place to start for users or folks new to Mifos.
Subject: Re: [Mifos-users] Re Pay Issue
Dear All,
I dont know if somebody is not find this problem.
When your client wants to repay the entire loan in that case he has to
pay the principal amount outstanding.
Mifos pick that amount.
But in case of repay it should be
Principle+interest to next future EMI there is no scope in Mifos.
[Kay Chau] In Mifos, there is 2 ways of repaying the entire loan amount.
Using the Repay loan link will only include principal amount
outstanding. If you use the normal Apply Payment page, you will be able
to pay off the entire loan with both principal + Interest.
Anyway Also if we want to apply the charges manually again there is no
scope.
[Kay Chau] Can you explain more what you mean by this? There is a way
to manually apply charges in Mifos right now.
Loan termination charges facility is not there.
I request Mifos developers to give there attention regarding this
Applying penal or any other charges does not effect the scheduled
repayment.
Please give us a light on it
Thanks and Regards
--
AMIT JAIN | E.D | Digamber Finance (Chota Loan Bade Sapne) |
+919414041821 |
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+919414041821 |
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