Thomas, Please share the loan product configurations (may be screenshot which includes all details)
Greets Santosh On May 23, 2017 11:41 PM, "Ed Cable" <[email protected]> wrote: > Thomas, > > I'm adding Sampath to this thread and cc'ing the Fineract User's list as > well. > > Ed > > On Tue, May 23, 2017 at 3:14 AM, Thomas Varghese <[email protected] > > wrote: > >> Hello, >> >> >> >> We are facing an issue with the last installment payment when the last >> payment is received a few days late. >> >> >> >> The final installment is received on 22nd May instead of 20th May, but >> the system doesn’t allow me apply the repayment on 22nd May but only for >> 20th May. >> >> >> >> My repayment schedule is as below: >> >> >> >> >> >> >> >> *#* >> >> *Days* >> >> *Date* >> >> *Paid Date* >> >> >> >> *Principal Due* >> >> *Balance of Loan* >> >> *Interest* >> >> *Fees* >> >> *Penalties* >> >> *Due* >> >> *Paid* >> >> *In Advance* >> >> *Late* >> >> *Outstanding* >> >> 21 February 2017 >> >> 100,000 >> >> 2,300 >> >> 2,300 >> >> 2,300 >> >> 1 >> >> 28 >> >> 21 March 2017 >> >> 20 March 2017 >> >> 32,600 >> >> 67,400 >> >> 2,233 >> >> 0 >> >> 0 >> >> 34,833 >> >> 34,833 >> >> 34,833 >> >> 0 >> >> 0 >> >> 2 >> >> 31 >> >> 21 April 2017 >> >> 21 April 2017 >> >> 33,328 >> >> 34,072 >> >> 1,505 >> >> 0 >> >> 0 >> >> 34,833 >> >> 34,833 >> >> 0 >> >> 0 >> >> 0 >> >> 3 >> >> 29 >> >> 20 May 2017 >> >> 34,072 >> >> 0 >> >> 736 >> >> 0 >> >> 0 >> >> 34,808 >> >> 0 >> >> 0 >> >> 0 >> >> 34,808 >> >> >> >> *88* >> >> *Total* >> >> *100,000* >> >> >> >> *4,474* >> >> *2,300* >> >> *0* >> >> *106,774* >> >> *71,966* >> >> *34,833* >> >> *0* >> >> *34,808* >> >> >> >> Account Configuration is as below: >> >> >> >> payment Strategy >> >> Interest, Principal, Penalties, Fees Order >> >> Repayments >> >> 3 every 1 Months on >> >> Amortization >> >> Equal installments >> >> Interest >> >> 26.8008 per annum (26.8008% Per year) - Declining Balance >> >> Grace: On Principal Payment >> >> Grace: On Interest Payment >> >> Grace on Arrears Ageing >> >> Fund Source >> >> KNAB Internal Fund >> >> Interest Free Period >> >> Interest Calculation Period >> >> Daily >> >> Allow Partial Interest Calcualtion with same as repayment >> >> false >> >> Interest Type >> >> Declining Balance >> >> Submitted on >> >> 21 February 2017 >> >> Approved on >> >> 21 February 2017 >> >> Disbursed on >> >> 21 February 2017 >> >> Matures on >> >> 20 May 2017 >> >> Recalculate Interest >> >> Yes >> >> Days in year >> >> 360 Days >> >> Days in month >> >> 30 Days >> >> Interest recalculation compounding on >> >> None >> >> Advance payments adjustment type >> >> Reschedule next repayments >> >> Frequency for recalculate Outstanding Principal >> >> Monthly on day 21 >> >> Variable Installments Allowed >> >> true >> >> Gap between Installments >> >> (Min:1 Days , Max:100 Days) >> >> >> >> >> >> >> >> >> >> Kind Regards, >> >> Thomas Varghese >> >> *[email protected] <[email protected]>* | www >> .knabfinance.com <https://www.knabfinance.com/>| >> *www.linkedin.com/in/thomasbglr >> <http://www.linkedin.com/in/thomasbglr>* >> >> [image: >> https://docs.google.com/uc?export=download&id=0B1owEFrghhWKdWc0YlVXT0ZuMnc&revid=0B1owEFrghhWKekJscWJQaHFNYzJ5N2V2YTZIaUNMdzM0UHlvPQ] >> BizSmart >> Loan supports SMEs with the right finance >> >> >> >> This message contains information that may be privileged or confidential >> and is the property of KNAB finance. It is intended only for the person to >> whom it is addressed. If you are not the intended recipient, you are not >> authorized to read, print, retain, copy, disseminate, distribute, or use >> this message or any part thereof. If you receive this message in error, >> please notify the sender immediately and delete all copies of this message. >> >> >> ------------------------------------------------------------ >> ------------------ >> Check out the vibrant tech community on one of the world's most >> engaging tech sites, Slashdot.org! http://sdm.link/slashdot >> _______________________________________________ >> Mifos-users mailing list >> [email protected] >> https://lists.sourceforge.net/lists/listinfo/mifos-users >> >> > > > -- > *Ed Cable* > President/CEO, Mifos Initiative > [email protected] | Skype: edcable | Mobile: +1.484.477.8649 > > *Collectively Creating a World of 3 Billion Maries | *http://mifos.org > <http://facebook.com/mifos> <http://www.twitter.com/mifos> > >
