Hi Debbie, In order to achieve the same, first we need to set the "interest calculation period" as "daily" under settings section. and by enabling the interest recalculation, 1. The late payment or an early payment, system will always collect the interest till the repayment date(which could be more or less the interest of that installment) .2.There will two Schedule on the loan screen with interest recalculation, 1.original schedule and repayment schedule Original schedule will show the original installments and interest amount to be paid from the start of the loan Repayment schedule is more of a running schedule, it will include the repayment dates which were done before or after the installment date too.
Please find the images below of configuration, Kindly let me know if you need any other details. I can also help you in setting up your product, if you could help me with the complete product requirement. [image: interest setting.png] [image: interest recalculation.png] 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, Apr 9, 2020 at 2:39 PM Debbie Watkins | Lucy < debbie.watk...@welucy.com> wrote: > Hi all > > Is there a loan parameter setting (or combination of settings) that will > enable loan interest to be calculated on a daily basis, so that when a > repayment is made then only the interest due to-date is paid and the > balance goes to principal? > > Thank you! > > Best regards, Debbie > [image: Your Company] <http://www.welucy.com/> > Debbie Watkins > CEO and Co-founder <https://www.linkedin.com/company/lucy-community> > [image: T:] +65 8589 3067 > [image: E:] debbie.watk...@welucy.com <rebecca....@lucytribe.com> > *Lucy* | *Turning the unbanked into the unstoppable* > www.weLucy.com <http://www.lucytribe.com/> > _______________________________________________ > 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
