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Posted to dev@fineract.apache.org by "ASF GitHub Bot (JIRA)" <ji...@apache.org> on 2016/03/23 13:39:25 UTC
[jira] [Commented] (FINERACT-94) Allow a recurring gap/moratorium
for principal between repayments
[ https://issues.apache.org/jira/browse/FINERACT-94?page=com.atlassian.jira.plugin.system.issuetabpanels:comment-tabpanel&focusedCommentId=15208348#comment-15208348 ]
ASF GitHub Bot commented on FINERACT-94:
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GitHub user binnygopinath opened a pull request:
https://github.com/apache/incubator-fineract/pull/50
FINERACT-94: Initial commit for recurring principal moratorium betwee…
FINERACT-94: Initial commit for Allowing a recurring moratorium on principal between repayements
You can merge this pull request into a Git repository by running:
$ git pull https://github.com/binnygopinath/incubator-fineract recurring_principal_moratorium
Alternatively you can review and apply these changes as the patch at:
https://github.com/apache/incubator-fineract/pull/50.patch
To close this pull request, make a commit to your master/trunk branch
with (at least) the following in the commit message:
This closes #50
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commit 9ad74be4d937f57582cb05b5b634233fb7b96bbf
Author: binnygopinath <bi...@gmail.com>
Date: 2016-03-21T12:54:48Z
FINERACT-94: Initial commit for recurring principal moratorium between periods
FINERACT-94: Refactored code and also handled scenario where principal-moratorium can be greater than recurring moratorium
FINERACT-94: Removed commented code.
FINERACT-94: Added validations for recurring principal moratoriums
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> Allow a recurring gap/moratorium for principal between repayments
> -----------------------------------------------------------------
>
> Key: FINERACT-94
> URL: https://issues.apache.org/jira/browse/FINERACT-94
> Project: Apache Fineract
> Issue Type: Improvement
> Components: Loan
> Reporter: Binny Gopinath Sreevas
> Assignee: Markus Geiss
>
> Financial institutions may want to ask the client to:
> a) Repay interest for every period
> b) However, principal may be repaid once in a quarter or once in six months etc.
> The variable installment feature could be used. However this would take too long for an end user to create each loan account with the corresponding repayment.
> Similar to the existing feature of having a grace/moratorium at the beginning of the loan, I propose to add a "Moratorium periods for principal in between repayments".
> If this is set to 2 - then 2 repayments will skip principal portion for repayments and only interest will be collected during these repayments. In effect this means that collect principal once in every 3 repayments.
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