[jira] [Created] (FINERACT-1384) Installment rounding of Interest amount

["bharath gowda (Jira)" <ji...@apache.org>]

bharath gowda created FINERACT-1384:
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             Summary: Installment rounding of Interest amount
                 Key: FINERACT-1384
                 URL: https://issues.apache.org/jira/browse/FINERACT-1384
             Project: Apache Fineract
          Issue Type: New Feature
          Components: Loan
    Affects Versions: 1.5.0
            Reporter: bharath gowda
             Fix For: 1.5.1
         Attachments: image-2021-08-16-19-17-41-919.png, interest rounding method.xlsx

Current loan repayment schedule, the system has an option to round off an installment amount (in multiples of) which rounds of the principal amount.

 

But few prospects in the Uganda region do the installment rounding with the interest rounding method.

We have to enhance the application to support interest amount rounding.

there can be a selection to round principal or interest when the rounding is defined at the loan product level.

 

have attached sample excel and screenshot for reference

!image-2021-08-16-19-17-41-919.png!



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