Hello,
Mifos calculates the interest amount automatically, Once the loan account
is created you could go to Repayment schedule, it will show the principal
amount + interest amount = Instalment amount. And also when you use waive
interest feature it will automatically show the next instalment's interest
amount to be collected in the waive interest field itself. No need to
calculate outside the mifos x.
For more details on waive interest, please follow:-
https://mifosforge.jira.com/wiki/display/docs/How+to+Waive+Interest+for+a+Loan+Account
For more details on creating loan product and loan account:-
https://mifosforge.jira.com/wiki/display/docs/Loan+Accounts
https://mifosforge.jira.com/wiki/display/docs/Products
You could also follow our you tube mifos x training video docs:-
https://www.youtube.com/watch?v=K0ipLNV7fOQ&list=PLAfz_RVd88FooXjldO5tdC63oMi0TSMwK
Thanks,
Sangamesh
On Mon, Jan 25, 2016 at 6:39 PM, aleksandre lomadze <[email protected]>
wrote:
> Dear Sangamesh,
>
> In this case, how could credit officer calculate, how much interest he
> must waive and how much principal to prepay?
>
> Thenks Aleksandre
>
> On Mon, Jan 25, 2016 at 4:05 PM, Sangamesh Nadagoudar <
> [email protected]> wrote:
>
>> Hello Tengiz,
>>
>> Please find my answer in lined below:-
>> I was not able to make a prepayment charge (when client pays in advance).
>> If a client repays the principal before the due date, he should not pay
>> interest an is charged with a 2% of principal in advance.
>> How can I apply this type of charge to a client?
>> >> You could waive respective interest by going to Loan page>>More>>Waive
>> interest. Then make the repayment for that instalment.
>> >> In case if you want to prepay the entire loan then you can use Prepay
>> loan feature by going to Loan page>>then click on Prepay button. For this
>> as well you could use waive interest option.
>>
>> Thanks,
>> Sangamesh
>>
>>
>>
>> On Fri, Jan 22, 2016 at 7:11 PM, Tengiz Merabishvili <[email protected]>
>> wrote:
>>
>>> Hello, we have a couple of questions.
>>>
>>> First, we want to add a prepayment charge but we couldn't find the
>>> functionality. Could anyone tell us if that's possible?
>>> Jira case here:
>>> https://mifosforge.jira.com/browse/MIFOSX-2487
>>>
>>> Second, we would like to know if it's possible to have Data Table names
>>> in different languages. Or if it's possible to make the tab names from the
>>> Client Page appear in a translated language.
>>> Jira case here:
>>> https://mifosforge.jira.com/browse/MIFOSX-2492
>>>
>>> Thanks,
>>>
>>> Best Regards,
>>>
>>> Tengiz Merabishvili
>>>
>>>
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>>
>
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