Thank you Bharath We need 120 installments(monthly) cause its a mortgage loan. I create the next loan https://demo.mifos.io/#/viewloanaccount/3635, it's has "Interest Calculation Period" as "same as repayment period". Repayment schedule let 120 installments and equal repayments.
But we need the same repayment schedule with a "Interest Calculation Period"=Daily, because we let clients can do early payments, and we need *Recalculate Interest function, *and Reduce number of installments. Is this posible?, because with "Interest Calculation Period" as "same as repayment period" mifos can't recalculate interest. We need a repayment schedule like https://demo.mifos.io/#/viewloanaccount/3635 and let recalculate interest on early payments. Thank you El lun., 9 mar. 2020 a las 23:05, Bharath Gowda (<bgo...@mifos.org>) escribió: > Hi Luis, > > This is not an issue, it is handled exception when the configuration > values are not proper and schedule cannot be calculated with those values. > The error msg simply means that the interest amount of the installment is > greater than the EMI amount. > > I think the issue is with the loan term, you cannot have a 150 > installments for the principal amount of 50000, which will make the EMI > amount lesser the interest of the EMI and system cannot generate the > schedule for the same. > > > > > Regards, > Bharath > Lead Implementation Analyst | Mifos Initiative > Skype: live:cbharath4| Mobile: +91.7019636073 > http://mifos.org <http://facebook.com/mifos> > <http://www.twitter.com/mifos> > > > On Tue, Mar 10, 2020 at 9:16 AM Luis Alberto Alegría de los Santos > <luis.aleg...@innovar.app> wrote: > >> Hi all >> >> Please, someone can help me. >> I try to create a new loan in https://demo.mifos.io/ >> <https://demo.mifos.io/#/viewloanaccount/3629>, but I get a error and >> can't create loan. >> Loan has the following terms: >> >> - Product: DAILY PERIODS - RECALCULATION >> - Submitted/Disbursed on 01 January 2020 >> - Principal: 50,000 >> - Loan term/ Number of repayments: 120 Months >> - First repayment on 28 January 2020 >> - Interest charged from Nominal interest rate: 30 Per year >> - Interest calculation period : Daily >> - Is Equal Amortization false >> - Recalculate Interest Yes >> - Days in year 360 Days >> - Advance payments adjustment type: Reduce number of installments >> - Days in month 30 Days >> - Interest recalculation compounding on None >> - Frequency for recalculate Outstanding Principal Daily >> - Frequency Interval for recalculation 0 >> >> Im not sure is a normal function o a bug, but I loan can´t be created >> MS Excel PMT function, get a $1,318.09 monthly repayment but system throw >> this message on developer console: >> [image: image.png] >> >> Thank you ! >> >> >> -- >> LSC. Luis Alberto Alegría de los Santos >> INNOVARAPP >> 2225548732 >> >> *La información contenida en este correo electrónico y anexos es >> confidencial. Ésta dirigida únicamente para el uso del individuo o entidad >> a la que fue dirigida y puede contener información propietaria que no es >> del dominio público. Si has recibido este correo por error o no eres el >> destinatario, por favor notificar al remitente de inmediato y borra este >> mensaje de la computadora o dispositivo. Cualquier uso, distribución o >> reproducción de este correo que no sea por el destinatario de intención >> queda prohibido.* >> _______________________________________________ >> Mifos-users mailing list >> Mifos-users@lists.sourceforge.net >> https://lists.sourceforge.net/lists/listinfo/mifos-users >> > _______________________________________________ > Mifos-users mailing list > Mifos-users@lists.sourceforge.net > https://lists.sourceforge.net/lists/listinfo/mifos-users > -- LSC. Luis Alberto Alegría de los Santos INNOVARAPP 2225548732 *La información contenida en este correo electrónico y anexos es confidencial. Ésta dirigida únicamente para el uso del individuo o entidad a la que fue dirigida y puede contener información propietaria que no es del dominio público. Si has recibido este correo por error o no eres el destinatario, por favor notificar al remitente de inmediato y borra este mensaje de la computadora o dispositivo. Cualquier uso, distribución o reproducción de este correo que no sea por el destinatario de intención queda prohibido.*
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