Hi Jun, Advance Interest collection feature is not yet available in Mifos. On Fri, Jul 5, 2019 at 7:34 AM Jun King Miñon <j...@pearlpay.io> wrote:
> Hi Everyone, > > We would like to know if anyone has created an advance interest for loan > products with lumpsum at maturity. As an example, let's say your loan > amount is *1,000,000 *with annual interest rate of *16%*, payable in *6 > months.* Thus, with advance interest, the amount that the client will > only receive *920,000 (advance interest)* since the total interest for 6 > months is *80,000*. Lastly, the client only has to pay at the 6th month a > total of *1,000,000 (lumpsum)*. > > Is this possible? Thanks guys and cheers! > > > Regards, > > Jun King P. Miñon > Consultant Software Engineer > Core Banking Solutions > > > PEARLPAY INC. > > 2nd Floor, 22 The Jupiter Center, Jupiter Street, Makati, 1209 Metro > Manila, Philippines > > https://www.pearlpay.com > https://www.linkedin.com/company/pearlpay > https://www.facebook.com/PearlPayOFFICIAL > > This email and any files transmitted with it are confidential and intended > solely for the use of the individual or entity to whom they are addressed. > If you have received this email in error please notify the system manager. > This message contains confidential information and is intended only for the > individual named. If you are not the named addressee you should not > disseminate, distribute or copy this e-mail. Please notify the sender > immediately by e-mail if you have received this e-mail by mistake and > delete this e-mail from your system. If you are not the intended recipient > you are notified that disclosing, copying, distributing or taking any > action in reliance on the contents of this information is strictly > prohibited. WARNING: Computer viruses can be transmitted via email. The > recipient should check this email and any attachments for the presence of > viruses. The company accepts no liability for any damage caused by any > virus transmitted by this email. E-mail transmission cannot be guaranteed > to be secure or error-free as information could be intercepted, corrupted, > lost, destroyed, arrive late or incomplete, or contain viruses. The sender > therefore does not accept liability for any errors or omissions in the > contents of this message, which arise as a result of e-mail transmission. > Our company accepts no liability for the content of this email, or for the > consequences of any actions taken on the basis of the information provided, > unless that information is subsequently confirmed in writing. If you are > not the intended recipient you are notified that disclosing, copying, > distributing or taking any action in reliance on the contents of this > information is strictly prohibited. Any views or opinions presented in this > email are solely those of the author and do not necessarily represent those > of the company. Employees of the company are expressly required not to make > defamatory statements and not to infringe or authorize any infringement of > copyright or any other legal right by email communications. Any such > communication is contrary to company policy and outside the scope of the > employment of the individual concerned. The company will not accept any > liability in respect of such communication, and the employee responsible > will be personally liable for any damages or other liability arising. > -- Thanks & Regards Santosh Math *QA Engineer* *Conflux Technologies Pvt Ltd <http://www.confluxtechnologies.com/>* | *Office*: +91-080-41208662 | *Address*: #304, 2nd Floor, 7th Main Road, HRBR Layout 1st Block, Bengaluru, Karnataka, 560043 INDIA
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