Hi Shiva,
Maybe you can use Loans with Declining Balance and Variable Installments?
In Declining Balance with Variable Installments products, the daily rate
of interest is used whereas in typical declining balance, the interest
is calculated based on the frequency of the loan (monthly or weekly).
Regards,
Lukasz
On 05/11/2012 02:30 PM, HugoTechnologies wrote:
Dear Team
Our customers wants the interest calculation by applying no. of days
in a month. By default mifos calculates the interest on monthly basis.
Please find the calculation in attached document.
Let us know if this is feasible or not.
Early response is highly appreciated.
Thanks
Shiva
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Exclusive live event will cover all the ways today's security and
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