Hello Team, thanks for the great effort with adjustments in Declining Balance Interest Recalculation. I have an issue when am making either an early payment or late payment in Declining Balance Interest Recalculation for a live deployment am working on.
**** Scenario 1 - Early Payment **** If I input a loan of 2,000,000 at 10 % for 1 installment today 11 May 2012. The expected payment on 11 June 2012 is 2,200,000 which is okay However if a person pays 3 days after, say on 14 May 2012, and he/she has brought 2,200,000. When u apply this payment it defaults to 2,019,726 Calculating interest for only the 3 days for which the loan was taken. Desired Functionality - I would like to be able to apply 2,200,000 or less at any time before loan maturity date (11 June 2012) i.e form 1 to 2,200,000 **** Scenario 2 - Late Payment **** When I input a loan of 2,000,000 at 10 % for 1 installment today 11 May 2012. The expected payment on 11 June 2012 is 2,200,000 which is okay If the client makes payment 5 Days after Loan Maturity date say 16 June 2012. By Default when U Click apply payment the figure displayed includes the days in arrears i.e 2,232,877 which is fine too, but U cannot apply this payment. It defaults to 2,200,000. Desired Functionality – I would like to apply any payment amount upto the payment in arrears. i.e from 1 to 2,232,877 Thanks Look forward to any feedback on the above Best Regards ------------------------------------------------------------------------------ Live Security Virtual Conference Exclusive live event will cover all the ways today's security and threat landscape has changed and how IT managers can respond. Discussions will include endpoint security, mobile security and the latest in malware threats. http://www.accelacomm.com/jaw/sfrnl04242012/114/50122263/ _______________________________________________ Mifos-users mailing list [email protected] https://lists.sourceforge.net/lists/listinfo/mifos-users
