Shiva,
What do you mean by "define the repayment installment manually"?
When you are creating a new Loan with Declining Balance and Variable
Installments then initial repayment schedule is the same as in normal
Declining balance, so you don't have to set up dates manually (the only
difference is that you have possibility to change the initial dates).
Regards,
Lukasz
On 05/14/2012 01:46 PM, info wrote:
Dear Lukasz
But it is difficult for users to define the repayment installment
manually.
It is better to bring this change in product.
Thanks
Shiva
On Mon, May 14, 2012 at 4:38 PM, Lukasz Chudy <[email protected]
<mailto:[email protected]>> wrote:
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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