Re: [Mifos-users] How to Apply overdue penalty to a loan

Mon, 20 Mar 2023 21:51:32 -0700

Currently the only way to set the Overdue charges is in the Loan Product definition, so when you are creating the Loan Account you are able just to see the previous set

Thanks and best regards
Alberto

Sent from my iPhone

On 20 Mar 2023, at 12:09, Kigred Developer <kigred.develo...@gmail.com> wrote:


Thanks Bharath,

This is what I expected the process to be like but my challenge is that at the point of selecting the charge to apply to the loan account, the overdue charge options are not available even if they are already created. 
The only options available for selection are the ones whose charge time is either "Specified due date", "Disbursement" or "Installment" not "Overdue fees".

I am using fineract 1.8.2

Where do you think the issue could be ?

On Mon, 20 Mar 2023, 16:22 Bharath Gowda, <bgo...@mifos.org> wrote:
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



Regards,
Bharath
Lead Implementation Analyst | Mifos Initiative
Skype: live:cbharath4| Mobile: +91.7019635592


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 
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