Hi Bharath, Does it mean, by using Equal principal installment, the principal amount is equally defined at the beginning of the loan (which is 400 in my case), and can not be changed during the loan term. So as I try to grace 2 installments for customer, these two will be added up to the following installments after the original final installment? In your example: As I understand, flat interest calculation method affects to the principal used to calculate interest, which is the original principal. Not mentioning about the flat one, if i choose the declining balance method, but still choose Equal installment, shall the remaining equal interest installments be recalculated when I try to grace the a installments
Currently we need is: Allow both graced principals and interests will be added up to the last original installment (not create new installments)? Best Regards, Hna Lee On Thu, Mar 19, 2020 at 9:30 PM Bharath Gowda <bgo...@mifos.org> wrote: > Hi Hna Le, > > Answering your question with respect to the example shared, > you have chosen an equal principal amortization in which when you give > grace on principal as 2, system will by default add two more installments > to have 400 as total principal amount to satisfy the strategy. > There is no configuration which is specific to apply only for grace amount > scenarios, it depends on the schedule configuration which happens at the > loan product, > For example, if you take interest calculation as flat, and if you apply > the grace, interest will be divided equally among the remaining instalments > and so on. > > Kindly let me know what type of repayment strategy you want to implement, > i can help you out in understanding how the existing grace scenario works. > > > > 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 Thu, Mar 19, 2020 at 12:20 PM Le Thac Anh <lethac...@gmail.com> wrote: > >> Hi, >> >> Thank a lot for your reply. >> I tried to add Principal Grace Periods like screenshoot attached. >> It append new installment (Image PreviewNewRepaymentSchedule). >> What configuration make this happen? And what configuration make it split >> the amount into remaining installments? >> >> Regards >> >> _______________________________________________ >> Mifos-users mailing list >> Mifos-users@lists.sourceforge.net >> https://lists.sourceforge.net/lists/listinfo/mifos-users >> > -- > 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> > _______________________________________________ > Mifos-users mailing list > Mifos-users@lists.sourceforge.net > https://lists.sourceforge.net/lists/listinfo/mifos-users >
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