Thomas,
I'm adding Sampath to this thread and cc'ing the Fineract User's list as
well.
Ed
On Tue, May 23, 2017 at 3:14 AM, Thomas Varghese <thoma...@knabfinance.com>
wrote:
> Hello,
>
>
>
> We are facing an issue with the last installment payment when the last
> payment is received a few days late.
>
>
>
> The final installment is received on 22nd May instead of 20th May, but
> the system doesn’t allow me apply the repayment on 22nd May but only for
> 20th May.
>
>
>
> My repayment schedule is as below:
>
>
>
>
>
>
>
> *#*
>
> *Days*
>
> *Date*
>
> *Paid Date*
>
>
>
> *Principal Due*
>
> *Balance of Loan*
>
> *Interest*
>
> *Fees*
>
> *Penalties*
>
> *Due*
>
> *Paid*
>
> *In Advance*
>
> *Late*
>
> *Outstanding*
>
> 21 February 2017
>
> 100,000
>
> 2,300
>
> 2,300
>
> 2,300
>
> 1
>
> 28
>
> 21 March 2017
>
> 20 March 2017
>
> 32,600
>
> 67,400
>
> 2,233
>
> 0
>
> 0
>
> 34,833
>
> 34,833
>
> 34,833
>
> 0
>
> 0
>
> 2
>
> 31
>
> 21 April 2017
>
> 21 April 2017
>
> 33,328
>
> 34,072
>
> 1,505
>
> 0
>
> 0
>
> 34,833
>
> 34,833
>
> 0
>
> 0
>
> 0
>
> 3
>
> 29
>
> 20 May 2017
>
> 34,072
>
> 0
>
> 736
>
> 0
>
> 0
>
> 34,808
>
> 0
>
> 0
>
> 0
>
> 34,808
>
>
>
> *88*
>
> *Total*
>
> *100,000*
>
>
>
> *4,474*
>
> *2,300*
>
> *0*
>
> *106,774*
>
> *71,966*
>
> *34,833*
>
> *0*
>
> *34,808*
>
>
>
> Account Configuration is as below:
>
>
>
> payment Strategy
>
> Interest, Principal, Penalties, Fees Order
>
> Repayments
>
> 3 every 1 Months on
>
> Amortization
>
> Equal installments
>
> Interest
>
> 26.8008 per annum (26.8008% Per year) - Declining Balance
>
> Grace: On Principal Payment
>
> Grace: On Interest Payment
>
> Grace on Arrears Ageing
>
> Fund Source
>
> KNAB Internal Fund
>
> Interest Free Period
>
> Interest Calculation Period
>
> Daily
>
> Allow Partial Interest Calcualtion with same as repayment
>
> false
>
> Interest Type
>
> Declining Balance
>
> Submitted on
>
> 21 February 2017
>
> Approved on
>
> 21 February 2017
>
> Disbursed on
>
> 21 February 2017
>
> Matures on
>
> 20 May 2017
>
> Recalculate Interest
>
> Yes
>
> Days in year
>
> 360 Days
>
> Days in month
>
> 30 Days
>
> Interest recalculation compounding on
>
> None
>
> Advance payments adjustment type
>
> Reschedule next repayments
>
> Frequency for recalculate Outstanding Principal
>
> Monthly on day 21
>
> Variable Installments Allowed
>
> true
>
> Gap between Installments
>
> (Min:1 Days , Max:100 Days)
>
>
>
>
>
>
>
>
>
> Kind Regards,
>
> Thomas Varghese
>
> *thoma...@knabfinance.com <thoma...@knabfinance.com>* | www
> .knabfinance.com <https://www.knabfinance.com/>|
> *www.linkedin.com/in/thomasbglr
> <http://www.linkedin.com/in/thomasbglr>*
>
> [image:
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> BizSmart
> Loan supports SMEs with the right finance
>
>
>
> This message contains information that may be privileged or confidential
> and is the property of KNAB finance. It is intended only for the person to
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>
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--
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