Thomas,
Please share the loan product configurations (may be screenshot which
includes all details)
Greets
Santosh
On May 23, 2017 11:41 PM, "Ed Cable" <edca...@mifos.org> wrote:
> 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:
>> https://docs.google.com/uc?export=download&id=0B1owEFrghhWKdWc0YlVXT0ZuMnc&revid=0B1owEFrghhWKekJscWJQaHFNYzJ5N2V2YTZIaUNMdzM0UHlvPQ]
>> 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
>> whom it is addressed. If you are not the intended recipient, you are not
>> authorized to read, print, retain, copy, disseminate, distribute, or use
>> this message or any part thereof. If you receive this message in error,
>> please notify the sender immediately and delete all copies of this message.
>>
>>
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>>
>
>
> --
> *Ed Cable*
> President/CEO, Mifos Initiative
> edca...@mifos.org | Skype: edcable | Mobile: +1.484.477.8649
>
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