[ https://issues.apache.org/jira/browse/FINERACT-322?page=com.atlassian.jira.plugin.system.issuetabpanels:all-tabpanel ]
Santosh Math updated FINERACT-322: ---------------------------------- Labels: gsoc p2 (was: p2) > Rewarding Early Repayment > ------------------------- > > Key: FINERACT-322 > URL: https://issues.apache.org/jira/browse/FINERACT-322 > Project: Apache Fineract > Issue Type: Improvement > Components: Loan > Reporter: Santosh Math > Assignee: Markus Geiss > Priority: Minor > Labels: gsoc, p2 > > Reported by Shepard Chihoro at https://mifosforge.jira.com/browse/MIFOSX-2520 > Original Description: > MIFOSX does not reward customers who make early repayments on a flat interest > calculation method.My normal client contract is has a maximum repayment > period of 6 months and a minimum repayment period of 3 months.On > disbursement,MIFOSX calculates the interest for the entire 6 months and makes > principal and interest for 6 months outstanding.In the event that the > customer repays the full principal in 3 months,the customer`s account remains > with 3 months interest due.I would like to see interest outstanding being > stopped once the principal has been repaid in full. -- This message was sent by Atlassian JIRA (v7.6.3#76005)