Hi Wilfred, Let me know if the below document helps you.
https://docs.mifos.org/mifosx/user-manual/for-operational-users-mifos-x-web-app/accounts-and-transactions/loan-accounts/how-to-add-a-charge-to-a-loan-account#to-add-charges-to-a-loan-account In general, we will need to attach the created charge product to the loan account and the system will take care of applying the penalty for overdue loans. it is done at EOD by the schedular job by name "Apply penalty to overdue loans" it can be found under -admin->system->manage jobs -> "Apply penalty to overdue loans". you can also invoke it manually at any time. refer below document to know more about jobs https://mifosforge.jira.com/wiki/spaces/docs/pages/67895356/Manage+Scheduler+Jobs Regards, Bharath Lead Implementation Analyst | Mifos Initiative Skype: live:cbharath4| Mobile: +91.7019635592 http://mifos.org <http://facebook.com/mifos> <http://www.twitter.com/mifos> On Mon, Mar 20, 2023 at 2:59 PM Kigred Developer <kigred.develo...@gmail.com> wrote: > Hello Community, > > So I have created a penalty with charge time as Overdue Fees. How do apply > this charge to a given loan? > > Regards. > Wilfred > _______________________________________________ > Mifos-users mailing list > Mifos-users@lists.sourceforge.net > https://lists.sourceforge.net/lists/listinfo/mifos-users >
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