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Posted to user@fineract.apache.org by Joan Manuel Miranda Guzman <j....@gmail.com> on 2016/09/28 10:56:37 UTC
Prepay loan
Im trying to create a new loan product, an 1 monthly repayment loan for 12
months, but if the client pays after 15 days of disbursement only the
interest until day 15 ll be charged.
Can somebody help me with
Re: Prepay loan
Posted by Shreyaank Byadagi <sh...@confluxtechnologies.com>.
Hello Joan,
Sorry for the delayed response,
When you are creating a loan product there is a section "*Interest
Recalculation*" under which you will find a small button "*Recalculate
Interest*" active it. You find a drop down where you can set pre-closure
interest to *Rest Frequency date.*
I have attached screenshot for your reference.
Regards
Shreyaank
Sent with Mailtrack
<https://mailtrack.io/install?source=signature&lang=en&referral=shreyaank@confluxtechnologies.com&idSignature=22>
On Thu, Oct 6, 2016 at 3:38 PM, Joan Manuel Miranda Guzman <
j.miranda0892@gmail.com> wrote:
> Hello Shreyaank,
>
> Did you receive my last email?
>
> Thanks!
>
> On Mon, Oct 3, 2016 at 6:51 AM, Joan Manuel Miranda Guzman <
> j.miranda0892@gmail.com> wrote:
>
>> Hello Shreyaank,
>>
>> Where does i have to set up the Rest Frequency?
>> [image: Inline image 1]
>>
>> [image: Inline image 2]
>>
>> On Fri, Sep 30, 2016 at 7:13 AM, Shreyaank Byadagi <
>> shreyaank@confluxtechnologies.com> wrote:
>>
>>> Joan,
>>>
>>> In your scenario Rest Frequency should be "Daily".
>>>
>>> Regards
>>> Shreyaank
>>>
>>>
>>>
>>> Sent with Mailtrack
>>> <https://mailtrack.io/install?source=signature&lang=en&referral=shreyaank@confluxtechnologies.com&idSignature=22>
>>>
>>> On Fri, Sep 30, 2016 at 4:41 PM, Shreyaank Byadagi <
>>> shreyaank@confluxtechnologies.com> wrote:
>>>
>>>> Joan,
>>>>
>>>> Please look into the attached screen shot. Frequency for recalculation
>>>> should be "Daily" or "Same as Repayment"
>>>>
>>>> Regards
>>>> Shreyaank
>>>>
>>>> Sent with Mailtrack
>>>> <https://mailtrack.io/install?source=signature&lang=en&referral=shreyaank@confluxtechnologies.com&idSignature=22>
>>>>
>>>> On Fri, Sep 30, 2016 at 4:09 PM, Joan Manuel Miranda Guzman <
>>>> j.miranda0892@gmail.com> wrote:
>>>>
>>>>> Hello Shereyaank Byadagi,
>>>>>
>>>>> Ok now i understand the difference, I have created on demo version the
>>>>> loan account 000000020, but when i click on prepay loan the
>>>>> transaction amount show me: 2,601.64
>>>>> [image: Inline image 1]
>>>>> Can you please check, is the rest frequency monthly? how can i change
>>>>> it?
>>>>>
>>>>>
>>>>> Thanks!
>>>>>
>>>>> On Fri, Sep 30, 2016 at 1:07 AM, Shreyaank Byadagi <
>>>>> shreyaank@confluxtechnologies.com> wrote:
>>>>>
>>>>>> Hi Joan,
>>>>>>
>>>>>> If the Pre-closure interest calculation rule is set as Calculate till
>>>>>> preclosure date,
>>>>>> Loan disbursement is on 01 Jan 2016 and preclosure date is on 15 Jan
>>>>>> 2016, (if rest frequency is defined as same as repayment date and loan is
>>>>>> monthly loan) then interest will get calculate from 01 Jan to 14 Jan.
>>>>>>
>>>>>> If the Pre-closure interest calculation rule is set as Calculate till
>>>>>> rest frequency date then
>>>>>> Loan disbursement is on 01 Jan 2016 and preclosure date is on 15 Jan
>>>>>> 2016, (if rest frequency is defined as same as repayment date and loan is
>>>>>> monthly loan) then interest will get calculate from 01 Jan to 31 Jan.
>>>>>>
>>>>>> Please see the example in demo version, loan account 000000016 and
>>>>>> 000000017.
>>>>>> https://demo.openmf.org/#/viewclient/6
>>>>>>
>>>>>> In your example the rest frequency is monthly, so it is collecting
>>>>>> the full month interest.
>>>>>>
>>>>>> Regards
>>>>>> Shreyaank
>>>>>>
>>>>>>
>>>>>>
>>>>>> Sent with Mailtrack
>>>>>> <https://mailtrack.io/install?source=signature&lang=en&referral=shreyaank@confluxtechnologies.com&idSignature=22>
>>>>>>
>>>>>> On Thu, Sep 29, 2016 at 6:28 PM, Joan Manuel Miranda Guzman <
>>>>>> j.miranda0892@gmail.com> wrote:
>>>>>>
>>>>>>> Hello Shreyaank,
>>>>>>>
>>>>>>> What is the diference between "Calculate till pre closure date "
>>>>>>> and " Calculate till rest frequency date"
>>>>>>>
>>>>>>> I have created one but is not working, can you please check:
>>>>>>> https://autodom.openmf.org,
>>>>>>> username: mifos
>>>>>>> password: password
>>>>>>>
>>>>>>> The product is called: Prepayloan.
>>>>>>>
>>>>>>> I have set it to the 00000006 client, but if i try to prepay it it
>>>>>>> shows me an transaction amount of 2600, when the principal was 2000, is
>>>>>>> calculating all the interest.
>>>>>>>
>>>>>>>
>>>>>>>
>>>>>>> Thanks!!
>>>>>>>
>>>>>>> On Wed, Sep 28, 2016 at 7:35 AM, Shreyaank Byadagi <
>>>>>>> shreyaank@confluxtechnologies.com> wrote:
>>>>>>>
>>>>>>>> Joan,
>>>>>>>>
>>>>>>>> If the loan is without interest recalculation enabled then you can
>>>>>>>> foreclose the loan,
>>>>>>>> If the loan is with interest recalculation enabled, while creating
>>>>>>>> the loan product there is an option for "Pre-closure interest calculation
>>>>>>>> rule", there you select "Calculate till pre closure date" from the drop
>>>>>>>> down.
>>>>>>>>
>>>>>>>> Regards
>>>>>>>> Shreyaank
>>>>>>>>
>>>>>>>>
>>>>>>>>
>>>>>>>> Sent with Mailtrack
>>>>>>>> <https://mailtrack.io/install?source=signature&lang=en&referral=shreyaank@confluxtechnologies.com&idSignature=22>
>>>>>>>>
>>>>>>>> On Wed, Sep 28, 2016 at 4:54 PM, Shreyaank Byadagi <
>>>>>>>> shreyaank@confluxtechnologies.com> wrote:
>>>>>>>>
>>>>>>>>> Hi Joan,
>>>>>>>>>
>>>>>>>>> I just wanted to know whether you are enabled interest
>>>>>>>>> recalculation?
>>>>>>>>> Are you closing the loan after 15th day of disbursement or you are
>>>>>>>>> just making a loan repayment?
>>>>>>>>>
>>>>>>>>> Regards
>>>>>>>>> Shreyaank
>>>>>>>>>
>>>>>>>>>
>>>>>>>>>
>>>>>>>>> On Wed, Sep 28, 2016 at 4:26 PM, Joan Manuel Miranda Guzman <
>>>>>>>>> j.miranda0892@gmail.com> wrote:
>>>>>>>>>
>>>>>>>>>> Im trying to create a new loan product, an 1 monthly repayment
>>>>>>>>>> loan for 12 months, but if the client pays after 15 days of disbursement
>>>>>>>>>> only the interest until day 15 ll be charged.
>>>>>>>>>>
>>>>>>>>>> Can somebody help me with
>>>>>>>>>>
>>>>>>>>>>
>>>>>>>>>
>>>>>>>>>
>>>>>>>>> --
>>>>>>>>> Thanks and Regards
>>>>>>>>> Shreyaank
>>>>>>>>> E-mail:shreyaank@confluxtechnologies.com
>>>>>>>>>
>>>>>>>>>
>>>>>>>>
>>>>>>>>
>>>>>>>> --
>>>>>>>> Thanks and Regards
>>>>>>>> Shreyaank
>>>>>>>> E-mail:shreyaank@confluxtechnologies.com
>>>>>>>>
>>>>>>>>
>>>>>>>
>>>>>>
>>>>>>
>>>>>> --
>>>>>> Thanks and Regards
>>>>>> Shreyaank
>>>>>> E-mail:shreyaank@confluxtechnologies.com
>>>>>>
>>>>>>
>>>>>
>>>>
>>>>
>>>> --
>>>> Thanks and Regards
>>>> Shreyaank
>>>> E-mail:shreyaank@confluxtechnologies.com
>>>>
>>>>
>>>
>>>
>>> --
>>> Thanks and Regards
>>> Shreyaank
>>> E-mail:shreyaank@confluxtechnologies.com
>>>
>>>
>>
>
--
Thanks and Regards
Shreyaank
E-mail:shreyaank@confluxtechnologies.com
Re: Prepay loan
Posted by Joan Manuel Miranda Guzman <j....@gmail.com>.
Hello Shreyaank,
Did you receive my last email?
Thanks!
On Mon, Oct 3, 2016 at 6:51 AM, Joan Manuel Miranda Guzman <
j.miranda0892@gmail.com> wrote:
> Hello Shreyaank,
>
> Where does i have to set up the Rest Frequency?
> [image: Inline image 1]
>
> [image: Inline image 2]
>
> On Fri, Sep 30, 2016 at 7:13 AM, Shreyaank Byadagi <shreyaank@
> confluxtechnologies.com> wrote:
>
>> Joan,
>>
>> In your scenario Rest Frequency should be "Daily".
>>
>> Regards
>> Shreyaank
>>
>>
>>
>> Sent with Mailtrack
>> <https://mailtrack.io/install?source=signature&lang=en&referral=shreyaank@confluxtechnologies.com&idSignature=22>
>>
>> On Fri, Sep 30, 2016 at 4:41 PM, Shreyaank Byadagi <
>> shreyaank@confluxtechnologies.com> wrote:
>>
>>> Joan,
>>>
>>> Please look into the attached screen shot. Frequency for recalculation
>>> should be "Daily" or "Same as Repayment"
>>>
>>> Regards
>>> Shreyaank
>>>
>>> Sent with Mailtrack
>>> <https://mailtrack.io/install?source=signature&lang=en&referral=shreyaank@confluxtechnologies.com&idSignature=22>
>>>
>>> On Fri, Sep 30, 2016 at 4:09 PM, Joan Manuel Miranda Guzman <
>>> j.miranda0892@gmail.com> wrote:
>>>
>>>> Hello Shereyaank Byadagi,
>>>>
>>>> Ok now i understand the difference, I have created on demo version the
>>>> loan account 000000020, but when i click on prepay loan the
>>>> transaction amount show me: 2,601.64
>>>> [image: Inline image 1]
>>>> Can you please check, is the rest frequency monthly? how can i change
>>>> it?
>>>>
>>>>
>>>> Thanks!
>>>>
>>>> On Fri, Sep 30, 2016 at 1:07 AM, Shreyaank Byadagi <
>>>> shreyaank@confluxtechnologies.com> wrote:
>>>>
>>>>> Hi Joan,
>>>>>
>>>>> If the Pre-closure interest calculation rule is set as Calculate till
>>>>> preclosure date,
>>>>> Loan disbursement is on 01 Jan 2016 and preclosure date is on 15 Jan
>>>>> 2016, (if rest frequency is defined as same as repayment date and loan is
>>>>> monthly loan) then interest will get calculate from 01 Jan to 14 Jan.
>>>>>
>>>>> If the Pre-closure interest calculation rule is set as Calculate till
>>>>> rest frequency date then
>>>>> Loan disbursement is on 01 Jan 2016 and preclosure date is on 15 Jan
>>>>> 2016, (if rest frequency is defined as same as repayment date and loan is
>>>>> monthly loan) then interest will get calculate from 01 Jan to 31 Jan.
>>>>>
>>>>> Please see the example in demo version, loan account 000000016 and
>>>>> 000000017.
>>>>> https://demo.openmf.org/#/viewclient/6
>>>>>
>>>>> In your example the rest frequency is monthly, so it is collecting the
>>>>> full month interest.
>>>>>
>>>>> Regards
>>>>> Shreyaank
>>>>>
>>>>>
>>>>>
>>>>> Sent with Mailtrack
>>>>> <https://mailtrack.io/install?source=signature&lang=en&referral=shreyaank@confluxtechnologies.com&idSignature=22>
>>>>>
>>>>> On Thu, Sep 29, 2016 at 6:28 PM, Joan Manuel Miranda Guzman <
>>>>> j.miranda0892@gmail.com> wrote:
>>>>>
>>>>>> Hello Shreyaank,
>>>>>>
>>>>>> What is the diference between "Calculate till pre closure date " and
>>>>>> " Calculate till rest frequency date"
>>>>>>
>>>>>> I have created one but is not working, can you please check:
>>>>>> https://autodom.openmf.org,
>>>>>> username: mifos
>>>>>> password: password
>>>>>>
>>>>>> The product is called: Prepayloan.
>>>>>>
>>>>>> I have set it to the 00000006 client, but if i try to prepay it it
>>>>>> shows me an transaction amount of 2600, when the principal was 2000, is
>>>>>> calculating all the interest.
>>>>>>
>>>>>>
>>>>>>
>>>>>> Thanks!!
>>>>>>
>>>>>> On Wed, Sep 28, 2016 at 7:35 AM, Shreyaank Byadagi <
>>>>>> shreyaank@confluxtechnologies.com> wrote:
>>>>>>
>>>>>>> Joan,
>>>>>>>
>>>>>>> If the loan is without interest recalculation enabled then you can
>>>>>>> foreclose the loan,
>>>>>>> If the loan is with interest recalculation enabled, while creating
>>>>>>> the loan product there is an option for "Pre-closure interest calculation
>>>>>>> rule", there you select "Calculate till pre closure date" from the drop
>>>>>>> down.
>>>>>>>
>>>>>>> Regards
>>>>>>> Shreyaank
>>>>>>>
>>>>>>>
>>>>>>>
>>>>>>> Sent with Mailtrack
>>>>>>> <https://mailtrack.io/install?source=signature&lang=en&referral=shreyaank@confluxtechnologies.com&idSignature=22>
>>>>>>>
>>>>>>> On Wed, Sep 28, 2016 at 4:54 PM, Shreyaank Byadagi <
>>>>>>> shreyaank@confluxtechnologies.com> wrote:
>>>>>>>
>>>>>>>> Hi Joan,
>>>>>>>>
>>>>>>>> I just wanted to know whether you are enabled interest
>>>>>>>> recalculation?
>>>>>>>> Are you closing the loan after 15th day of disbursement or you are
>>>>>>>> just making a loan repayment?
>>>>>>>>
>>>>>>>> Regards
>>>>>>>> Shreyaank
>>>>>>>>
>>>>>>>>
>>>>>>>>
>>>>>>>> On Wed, Sep 28, 2016 at 4:26 PM, Joan Manuel Miranda Guzman <
>>>>>>>> j.miranda0892@gmail.com> wrote:
>>>>>>>>
>>>>>>>>> Im trying to create a new loan product, an 1 monthly repayment
>>>>>>>>> loan for 12 months, but if the client pays after 15 days of disbursement
>>>>>>>>> only the interest until day 15 ll be charged.
>>>>>>>>>
>>>>>>>>> Can somebody help me with
>>>>>>>>>
>>>>>>>>>
>>>>>>>>
>>>>>>>>
>>>>>>>> --
>>>>>>>> Thanks and Regards
>>>>>>>> Shreyaank
>>>>>>>> E-mail:shreyaank@confluxtechnologies.com
>>>>>>>>
>>>>>>>>
>>>>>>>
>>>>>>>
>>>>>>> --
>>>>>>> Thanks and Regards
>>>>>>> Shreyaank
>>>>>>> E-mail:shreyaank@confluxtechnologies.com
>>>>>>>
>>>>>>>
>>>>>>
>>>>>
>>>>>
>>>>> --
>>>>> Thanks and Regards
>>>>> Shreyaank
>>>>> E-mail:shreyaank@confluxtechnologies.com
>>>>>
>>>>>
>>>>
>>>
>>>
>>> --
>>> Thanks and Regards
>>> Shreyaank
>>> E-mail:shreyaank@confluxtechnologies.com
>>>
>>>
>>
>>
>> --
>> Thanks and Regards
>> Shreyaank
>> E-mail:shreyaank@confluxtechnologies.com
>>
>>
>
Re: Prepay loan
Posted by Joan Manuel Miranda Guzman <j....@gmail.com>.
Hello Shreyaank,
Where does i have to set up the Rest Frequency?
[image: Inline image 1]
[image: Inline image 2]
On Fri, Sep 30, 2016 at 7:13 AM, Shreyaank Byadagi <
shreyaank@confluxtechnologies.com> wrote:
> Joan,
>
> In your scenario Rest Frequency should be "Daily".
>
> Regards
> Shreyaank
>
>
>
> Sent with Mailtrack
> <https://mailtrack.io/install?source=signature&lang=en&referral=shreyaank@confluxtechnologies.com&idSignature=22>
>
> On Fri, Sep 30, 2016 at 4:41 PM, Shreyaank Byadagi <shreyaank@
> confluxtechnologies.com> wrote:
>
>> Joan,
>>
>> Please look into the attached screen shot. Frequency for recalculation
>> should be "Daily" or "Same as Repayment"
>>
>> Regards
>> Shreyaank
>>
>> Sent with Mailtrack
>> <https://mailtrack.io/install?source=signature&lang=en&referral=shreyaank@confluxtechnologies.com&idSignature=22>
>>
>> On Fri, Sep 30, 2016 at 4:09 PM, Joan Manuel Miranda Guzman <
>> j.miranda0892@gmail.com> wrote:
>>
>>> Hello Shereyaank Byadagi,
>>>
>>> Ok now i understand the difference, I have created on demo version the
>>> loan account 000000020, but when i click on prepay loan the
>>> transaction amount show me: 2,601.64
>>> [image: Inline image 1]
>>> Can you please check, is the rest frequency monthly? how can i change
>>> it?
>>>
>>>
>>> Thanks!
>>>
>>> On Fri, Sep 30, 2016 at 1:07 AM, Shreyaank Byadagi <
>>> shreyaank@confluxtechnologies.com> wrote:
>>>
>>>> Hi Joan,
>>>>
>>>> If the Pre-closure interest calculation rule is set as Calculate till
>>>> preclosure date,
>>>> Loan disbursement is on 01 Jan 2016 and preclosure date is on 15 Jan
>>>> 2016, (if rest frequency is defined as same as repayment date and loan is
>>>> monthly loan) then interest will get calculate from 01 Jan to 14 Jan.
>>>>
>>>> If the Pre-closure interest calculation rule is set as Calculate till
>>>> rest frequency date then
>>>> Loan disbursement is on 01 Jan 2016 and preclosure date is on 15 Jan
>>>> 2016, (if rest frequency is defined as same as repayment date and loan is
>>>> monthly loan) then interest will get calculate from 01 Jan to 31 Jan.
>>>>
>>>> Please see the example in demo version, loan account 000000016 and
>>>> 000000017.
>>>> https://demo.openmf.org/#/viewclient/6
>>>>
>>>> In your example the rest frequency is monthly, so it is collecting the
>>>> full month interest.
>>>>
>>>> Regards
>>>> Shreyaank
>>>>
>>>>
>>>>
>>>> Sent with Mailtrack
>>>> <https://mailtrack.io/install?source=signature&lang=en&referral=shreyaank@confluxtechnologies.com&idSignature=22>
>>>>
>>>> On Thu, Sep 29, 2016 at 6:28 PM, Joan Manuel Miranda Guzman <
>>>> j.miranda0892@gmail.com> wrote:
>>>>
>>>>> Hello Shreyaank,
>>>>>
>>>>> What is the diference between "Calculate till pre closure date " and
>>>>> " Calculate till rest frequency date"
>>>>>
>>>>> I have created one but is not working, can you please check:
>>>>> https://autodom.openmf.org,
>>>>> username: mifos
>>>>> password: password
>>>>>
>>>>> The product is called: Prepayloan.
>>>>>
>>>>> I have set it to the 00000006 client, but if i try to prepay it it
>>>>> shows me an transaction amount of 2600, when the principal was 2000, is
>>>>> calculating all the interest.
>>>>>
>>>>>
>>>>>
>>>>> Thanks!!
>>>>>
>>>>> On Wed, Sep 28, 2016 at 7:35 AM, Shreyaank Byadagi <
>>>>> shreyaank@confluxtechnologies.com> wrote:
>>>>>
>>>>>> Joan,
>>>>>>
>>>>>> If the loan is without interest recalculation enabled then you can
>>>>>> foreclose the loan,
>>>>>> If the loan is with interest recalculation enabled, while creating
>>>>>> the loan product there is an option for "Pre-closure interest calculation
>>>>>> rule", there you select "Calculate till pre closure date" from the drop
>>>>>> down.
>>>>>>
>>>>>> Regards
>>>>>> Shreyaank
>>>>>>
>>>>>>
>>>>>>
>>>>>> Sent with Mailtrack
>>>>>> <https://mailtrack.io/install?source=signature&lang=en&referral=shreyaank@confluxtechnologies.com&idSignature=22>
>>>>>>
>>>>>> On Wed, Sep 28, 2016 at 4:54 PM, Shreyaank Byadagi <
>>>>>> shreyaank@confluxtechnologies.com> wrote:
>>>>>>
>>>>>>> Hi Joan,
>>>>>>>
>>>>>>> I just wanted to know whether you are enabled interest
>>>>>>> recalculation?
>>>>>>> Are you closing the loan after 15th day of disbursement or you are
>>>>>>> just making a loan repayment?
>>>>>>>
>>>>>>> Regards
>>>>>>> Shreyaank
>>>>>>>
>>>>>>>
>>>>>>>
>>>>>>> On Wed, Sep 28, 2016 at 4:26 PM, Joan Manuel Miranda Guzman <
>>>>>>> j.miranda0892@gmail.com> wrote:
>>>>>>>
>>>>>>>> Im trying to create a new loan product, an 1 monthly repayment loan
>>>>>>>> for 12 months, but if the client pays after 15 days of disbursement only
>>>>>>>> the interest until day 15 ll be charged.
>>>>>>>>
>>>>>>>> Can somebody help me with
>>>>>>>>
>>>>>>>>
>>>>>>>
>>>>>>>
>>>>>>> --
>>>>>>> Thanks and Regards
>>>>>>> Shreyaank
>>>>>>> E-mail:shreyaank@confluxtechnologies.com
>>>>>>>
>>>>>>>
>>>>>>
>>>>>>
>>>>>> --
>>>>>> Thanks and Regards
>>>>>> Shreyaank
>>>>>> E-mail:shreyaank@confluxtechnologies.com
>>>>>>
>>>>>>
>>>>>
>>>>
>>>>
>>>> --
>>>> Thanks and Regards
>>>> Shreyaank
>>>> E-mail:shreyaank@confluxtechnologies.com
>>>>
>>>>
>>>
>>
>>
>> --
>> Thanks and Regards
>> Shreyaank
>> E-mail:shreyaank@confluxtechnologies.com
>>
>>
>
>
> --
> Thanks and Regards
> Shreyaank
> E-mail:shreyaank@confluxtechnologies.com
>
>
Re: Prepay loan
Posted by Shreyaank Byadagi <sh...@confluxtechnologies.com>.
Joan,
In your scenario Rest Frequency should be "Daily".
Regards
Shreyaank
Sent with Mailtrack
<https://mailtrack.io/install?source=signature&lang=en&referral=shreyaank@confluxtechnologies.com&idSignature=22>
On Fri, Sep 30, 2016 at 4:41 PM, Shreyaank Byadagi <
shreyaank@confluxtechnologies.com> wrote:
> Joan,
>
> Please look into the attached screen shot. Frequency for recalculation
> should be "Daily" or "Same as Repayment"
>
> Regards
> Shreyaank
>
> Sent with Mailtrack
> <https://mailtrack.io/install?source=signature&lang=en&referral=shreyaank@confluxtechnologies.com&idSignature=22>
>
> On Fri, Sep 30, 2016 at 4:09 PM, Joan Manuel Miranda Guzman <
> j.miranda0892@gmail.com> wrote:
>
>> Hello Shereyaank Byadagi,
>>
>> Ok now i understand the difference, I have created on demo version the
>> loan account 000000020, but when i click on prepay loan the transaction
>> amount show me: 2,601.64
>> [image: Inline image 1]
>> Can you please check, is the rest frequency monthly? how can i change it?
>>
>>
>> Thanks!
>>
>> On Fri, Sep 30, 2016 at 1:07 AM, Shreyaank Byadagi <
>> shreyaank@confluxtechnologies.com> wrote:
>>
>>> Hi Joan,
>>>
>>> If the Pre-closure interest calculation rule is set as Calculate till
>>> preclosure date,
>>> Loan disbursement is on 01 Jan 2016 and preclosure date is on 15 Jan
>>> 2016, (if rest frequency is defined as same as repayment date and loan is
>>> monthly loan) then interest will get calculate from 01 Jan to 14 Jan.
>>>
>>> If the Pre-closure interest calculation rule is set as Calculate till
>>> rest frequency date then
>>> Loan disbursement is on 01 Jan 2016 and preclosure date is on 15 Jan
>>> 2016, (if rest frequency is defined as same as repayment date and loan is
>>> monthly loan) then interest will get calculate from 01 Jan to 31 Jan.
>>>
>>> Please see the example in demo version, loan account 000000016 and
>>> 000000017.
>>> https://demo.openmf.org/#/viewclient/6
>>>
>>> In your example the rest frequency is monthly, so it is collecting the
>>> full month interest.
>>>
>>> Regards
>>> Shreyaank
>>>
>>>
>>>
>>> Sent with Mailtrack
>>> <https://mailtrack.io/install?source=signature&lang=en&referral=shreyaank@confluxtechnologies.com&idSignature=22>
>>>
>>> On Thu, Sep 29, 2016 at 6:28 PM, Joan Manuel Miranda Guzman <
>>> j.miranda0892@gmail.com> wrote:
>>>
>>>> Hello Shreyaank,
>>>>
>>>> What is the diference between "Calculate till pre closure date " and " Calculate
>>>> till rest frequency date"
>>>>
>>>> I have created one but is not working, can you please check:
>>>> https://autodom.openmf.org,
>>>> username: mifos
>>>> password: password
>>>>
>>>> The product is called: Prepayloan.
>>>>
>>>> I have set it to the 00000006 client, but if i try to prepay it it
>>>> shows me an transaction amount of 2600, when the principal was 2000, is
>>>> calculating all the interest.
>>>>
>>>>
>>>>
>>>> Thanks!!
>>>>
>>>> On Wed, Sep 28, 2016 at 7:35 AM, Shreyaank Byadagi <
>>>> shreyaank@confluxtechnologies.com> wrote:
>>>>
>>>>> Joan,
>>>>>
>>>>> If the loan is without interest recalculation enabled then you can
>>>>> foreclose the loan,
>>>>> If the loan is with interest recalculation enabled, while creating the
>>>>> loan product there is an option for "Pre-closure interest calculation
>>>>> rule", there you select "Calculate till pre closure date" from the drop
>>>>> down.
>>>>>
>>>>> Regards
>>>>> Shreyaank
>>>>>
>>>>>
>>>>>
>>>>> Sent with Mailtrack
>>>>> <https://mailtrack.io/install?source=signature&lang=en&referral=shreyaank@confluxtechnologies.com&idSignature=22>
>>>>>
>>>>> On Wed, Sep 28, 2016 at 4:54 PM, Shreyaank Byadagi <
>>>>> shreyaank@confluxtechnologies.com> wrote:
>>>>>
>>>>>> Hi Joan,
>>>>>>
>>>>>> I just wanted to know whether you are enabled interest recalculation?
>>>>>> Are you closing the loan after 15th day of disbursement or you are
>>>>>> just making a loan repayment?
>>>>>>
>>>>>> Regards
>>>>>> Shreyaank
>>>>>>
>>>>>>
>>>>>>
>>>>>> On Wed, Sep 28, 2016 at 4:26 PM, Joan Manuel Miranda Guzman <
>>>>>> j.miranda0892@gmail.com> wrote:
>>>>>>
>>>>>>> Im trying to create a new loan product, an 1 monthly repayment loan
>>>>>>> for 12 months, but if the client pays after 15 days of disbursement only
>>>>>>> the interest until day 15 ll be charged.
>>>>>>>
>>>>>>> Can somebody help me with
>>>>>>>
>>>>>>>
>>>>>>
>>>>>>
>>>>>> --
>>>>>> Thanks and Regards
>>>>>> Shreyaank
>>>>>> E-mail:shreyaank@confluxtechnologies.com
>>>>>>
>>>>>>
>>>>>
>>>>>
>>>>> --
>>>>> Thanks and Regards
>>>>> Shreyaank
>>>>> E-mail:shreyaank@confluxtechnologies.com
>>>>>
>>>>>
>>>>
>>>
>>>
>>> --
>>> Thanks and Regards
>>> Shreyaank
>>> E-mail:shreyaank@confluxtechnologies.com
>>>
>>>
>>
>
>
> --
> Thanks and Regards
> Shreyaank
> E-mail:shreyaank@confluxtechnologies.com
>
>
--
Thanks and Regards
Shreyaank
E-mail:shreyaank@confluxtechnologies.com
Re: Prepay loan
Posted by Shreyaank Byadagi <sh...@confluxtechnologies.com>.
Joan,
Please look into the attached screen shot. Frequency for recalculation
should be "Daily" or "Same as Repayment"
Regards
Shreyaank
Sent with Mailtrack
<https://mailtrack.io/install?source=signature&lang=en&referral=shreyaank@confluxtechnologies.com&idSignature=22>
On Fri, Sep 30, 2016 at 4:09 PM, Joan Manuel Miranda Guzman <
j.miranda0892@gmail.com> wrote:
> Hello Shereyaank Byadagi,
>
> Ok now i understand the difference, I have created on demo version the
> loan account 000000020, but when i click on prepay loan the transaction
> amount show me: 2,601.64
> [image: Inline image 1]
> Can you please check, is the rest frequency monthly? how can i change it?
>
>
> Thanks!
>
> On Fri, Sep 30, 2016 at 1:07 AM, Shreyaank Byadagi <shreyaank@
> confluxtechnologies.com> wrote:
>
>> Hi Joan,
>>
>> If the Pre-closure interest calculation rule is set as Calculate till
>> preclosure date,
>> Loan disbursement is on 01 Jan 2016 and preclosure date is on 15 Jan
>> 2016, (if rest frequency is defined as same as repayment date and loan is
>> monthly loan) then interest will get calculate from 01 Jan to 14 Jan.
>>
>> If the Pre-closure interest calculation rule is set as Calculate till
>> rest frequency date then
>> Loan disbursement is on 01 Jan 2016 and preclosure date is on 15 Jan
>> 2016, (if rest frequency is defined as same as repayment date and loan is
>> monthly loan) then interest will get calculate from 01 Jan to 31 Jan.
>>
>> Please see the example in demo version, loan account 000000016 and
>> 000000017.
>> https://demo.openmf.org/#/viewclient/6
>>
>> In your example the rest frequency is monthly, so it is collecting the
>> full month interest.
>>
>> Regards
>> Shreyaank
>>
>>
>>
>> Sent with Mailtrack
>> <https://mailtrack.io/install?source=signature&lang=en&referral=shreyaank@confluxtechnologies.com&idSignature=22>
>>
>> On Thu, Sep 29, 2016 at 6:28 PM, Joan Manuel Miranda Guzman <
>> j.miranda0892@gmail.com> wrote:
>>
>>> Hello Shreyaank,
>>>
>>> What is the diference between "Calculate till pre closure date " and " Calculate
>>> till rest frequency date"
>>>
>>> I have created one but is not working, can you please check:
>>> https://autodom.openmf.org,
>>> username: mifos
>>> password: password
>>>
>>> The product is called: Prepayloan.
>>>
>>> I have set it to the 00000006 client, but if i try to prepay it it
>>> shows me an transaction amount of 2600, when the principal was 2000, is
>>> calculating all the interest.
>>>
>>>
>>>
>>> Thanks!!
>>>
>>> On Wed, Sep 28, 2016 at 7:35 AM, Shreyaank Byadagi <
>>> shreyaank@confluxtechnologies.com> wrote:
>>>
>>>> Joan,
>>>>
>>>> If the loan is without interest recalculation enabled then you can
>>>> foreclose the loan,
>>>> If the loan is with interest recalculation enabled, while creating the
>>>> loan product there is an option for "Pre-closure interest calculation
>>>> rule", there you select "Calculate till pre closure date" from the drop
>>>> down.
>>>>
>>>> Regards
>>>> Shreyaank
>>>>
>>>>
>>>>
>>>> Sent with Mailtrack
>>>> <https://mailtrack.io/install?source=signature&lang=en&referral=shreyaank@confluxtechnologies.com&idSignature=22>
>>>>
>>>> On Wed, Sep 28, 2016 at 4:54 PM, Shreyaank Byadagi <
>>>> shreyaank@confluxtechnologies.com> wrote:
>>>>
>>>>> Hi Joan,
>>>>>
>>>>> I just wanted to know whether you are enabled interest recalculation?
>>>>> Are you closing the loan after 15th day of disbursement or you are
>>>>> just making a loan repayment?
>>>>>
>>>>> Regards
>>>>> Shreyaank
>>>>>
>>>>>
>>>>>
>>>>> On Wed, Sep 28, 2016 at 4:26 PM, Joan Manuel Miranda Guzman <
>>>>> j.miranda0892@gmail.com> wrote:
>>>>>
>>>>>> Im trying to create a new loan product, an 1 monthly repayment loan
>>>>>> for 12 months, but if the client pays after 15 days of disbursement only
>>>>>> the interest until day 15 ll be charged.
>>>>>>
>>>>>> Can somebody help me with
>>>>>>
>>>>>>
>>>>>
>>>>>
>>>>> --
>>>>> Thanks and Regards
>>>>> Shreyaank
>>>>> E-mail:shreyaank@confluxtechnologies.com
>>>>>
>>>>>
>>>>
>>>>
>>>> --
>>>> Thanks and Regards
>>>> Shreyaank
>>>> E-mail:shreyaank@confluxtechnologies.com
>>>>
>>>>
>>>
>>
>>
>> --
>> Thanks and Regards
>> Shreyaank
>> E-mail:shreyaank@confluxtechnologies.com
>>
>>
>
--
Thanks and Regards
Shreyaank
E-mail:shreyaank@confluxtechnologies.com
Re: Prepay loan
Posted by Joan Manuel Miranda Guzman <j....@gmail.com>.
Hello Shereyaank Byadagi,
Ok now i understand the difference, I have created on demo version the loan
account 000000020, but when i click on prepay loan the transaction amount
show me: 2,601.64
[image: Inline image 1]
Can you please check, is the rest frequency monthly? how can i change it?
Thanks!
On Fri, Sep 30, 2016 at 1:07 AM, Shreyaank Byadagi <
shreyaank@confluxtechnologies.com> wrote:
> Hi Joan,
>
> If the Pre-closure interest calculation rule is set as Calculate till
> preclosure date,
> Loan disbursement is on 01 Jan 2016 and preclosure date is on 15 Jan 2016,
> (if rest frequency is defined as same as repayment date and loan is monthly
> loan) then interest will get calculate from 01 Jan to 14 Jan.
>
> If the Pre-closure interest calculation rule is set as Calculate till rest
> frequency date then
> Loan disbursement is on 01 Jan 2016 and preclosure date is on 15 Jan 2016,
> (if rest frequency is defined as same as repayment date and loan is monthly
> loan) then interest will get calculate from 01 Jan to 31 Jan.
>
> Please see the example in demo version, loan account 000000016 and
> 000000017.
> https://demo.openmf.org/#/viewclient/6
>
> In your example the rest frequency is monthly, so it is collecting the
> full month interest.
>
> Regards
> Shreyaank
>
>
>
> Sent with Mailtrack
> <https://mailtrack.io/install?source=signature&lang=en&referral=shreyaank@confluxtechnologies.com&idSignature=22>
>
> On Thu, Sep 29, 2016 at 6:28 PM, Joan Manuel Miranda Guzman <
> j.miranda0892@gmail.com> wrote:
>
>> Hello Shreyaank,
>>
>> What is the diference between "Calculate till pre closure date " and " Calculate
>> till rest frequency date"
>>
>> I have created one but is not working, can you please check:
>> https://autodom.openmf.org,
>> username: mifos
>> password: password
>>
>> The product is called: Prepayloan.
>>
>> I have set it to the 00000006 client, but if i try to prepay it it shows
>> me an transaction amount of 2600, when the principal was 2000, is
>> calculating all the interest.
>>
>>
>>
>> Thanks!!
>>
>> On Wed, Sep 28, 2016 at 7:35 AM, Shreyaank Byadagi <
>> shreyaank@confluxtechnologies.com> wrote:
>>
>>> Joan,
>>>
>>> If the loan is without interest recalculation enabled then you can
>>> foreclose the loan,
>>> If the loan is with interest recalculation enabled, while creating the
>>> loan product there is an option for "Pre-closure interest calculation
>>> rule", there you select "Calculate till pre closure date" from the drop
>>> down.
>>>
>>> Regards
>>> Shreyaank
>>>
>>>
>>>
>>> Sent with Mailtrack
>>> <https://mailtrack.io/install?source=signature&lang=en&referral=shreyaank@confluxtechnologies.com&idSignature=22>
>>>
>>> On Wed, Sep 28, 2016 at 4:54 PM, Shreyaank Byadagi <
>>> shreyaank@confluxtechnologies.com> wrote:
>>>
>>>> Hi Joan,
>>>>
>>>> I just wanted to know whether you are enabled interest recalculation?
>>>> Are you closing the loan after 15th day of disbursement or you are just
>>>> making a loan repayment?
>>>>
>>>> Regards
>>>> Shreyaank
>>>>
>>>>
>>>>
>>>> On Wed, Sep 28, 2016 at 4:26 PM, Joan Manuel Miranda Guzman <
>>>> j.miranda0892@gmail.com> wrote:
>>>>
>>>>> Im trying to create a new loan product, an 1 monthly repayment loan
>>>>> for 12 months, but if the client pays after 15 days of disbursement only
>>>>> the interest until day 15 ll be charged.
>>>>>
>>>>> Can somebody help me with
>>>>>
>>>>>
>>>>
>>>>
>>>> --
>>>> Thanks and Regards
>>>> Shreyaank
>>>> E-mail:shreyaank@confluxtechnologies.com
>>>>
>>>>
>>>
>>>
>>> --
>>> Thanks and Regards
>>> Shreyaank
>>> E-mail:shreyaank@confluxtechnologies.com
>>>
>>>
>>
>
>
> --
> Thanks and Regards
> Shreyaank
> E-mail:shreyaank@confluxtechnologies.com
>
>
Re: Prepay loan
Posted by Shreyaank Byadagi <sh...@confluxtechnologies.com>.
Hi Joan,
If the Pre-closure interest calculation rule is set as Calculate till
preclosure date,
Loan disbursement is on 01 Jan 2016 and preclosure date is on 15 Jan 2016,
(if rest frequency is defined as same as repayment date and loan is monthly
loan) then interest will get calculate from 01 Jan to 14 Jan.
If the Pre-closure interest calculation rule is set as Calculate till rest
frequency date then
Loan disbursement is on 01 Jan 2016 and preclosure date is on 15 Jan 2016,
(if rest frequency is defined as same as repayment date and loan is monthly
loan) then interest will get calculate from 01 Jan to 31 Jan.
Please see the example in demo version, loan account 000000016 and
000000017.
https://demo.openmf.org/#/viewclient/6
In your example the rest frequency is monthly, so it is collecting the full
month interest.
Regards
Shreyaank
Sent with Mailtrack
<https://mailtrack.io/install?source=signature&lang=en&referral=shreyaank@confluxtechnologies.com&idSignature=22>
On Thu, Sep 29, 2016 at 6:28 PM, Joan Manuel Miranda Guzman <
j.miranda0892@gmail.com> wrote:
> Hello Shreyaank,
>
> What is the diference between "Calculate till pre closure date " and " Calculate
> till rest frequency date"
>
> I have created one but is not working, can you please check:
> https://autodom.openmf.org,
> username: mifos
> password: password
>
> The product is called: Prepayloan.
>
> I have set it to the 00000006 client, but if i try to prepay it it shows
> me an transaction amount of 2600, when the principal was 2000, is
> calculating all the interest.
>
>
>
> Thanks!!
>
> On Wed, Sep 28, 2016 at 7:35 AM, Shreyaank Byadagi <shreyaank@
> confluxtechnologies.com> wrote:
>
>> Joan,
>>
>> If the loan is without interest recalculation enabled then you can
>> foreclose the loan,
>> If the loan is with interest recalculation enabled, while creating the
>> loan product there is an option for "Pre-closure interest calculation
>> rule", there you select "Calculate till pre closure date" from the drop
>> down.
>>
>> Regards
>> Shreyaank
>>
>>
>>
>> Sent with Mailtrack
>> <https://mailtrack.io/install?source=signature&lang=en&referral=shreyaank@confluxtechnologies.com&idSignature=22>
>>
>> On Wed, Sep 28, 2016 at 4:54 PM, Shreyaank Byadagi <
>> shreyaank@confluxtechnologies.com> wrote:
>>
>>> Hi Joan,
>>>
>>> I just wanted to know whether you are enabled interest recalculation?
>>> Are you closing the loan after 15th day of disbursement or you are just
>>> making a loan repayment?
>>>
>>> Regards
>>> Shreyaank
>>>
>>>
>>>
>>> On Wed, Sep 28, 2016 at 4:26 PM, Joan Manuel Miranda Guzman <
>>> j.miranda0892@gmail.com> wrote:
>>>
>>>> Im trying to create a new loan product, an 1 monthly repayment loan for
>>>> 12 months, but if the client pays after 15 days of disbursement only the
>>>> interest until day 15 ll be charged.
>>>>
>>>> Can somebody help me with
>>>>
>>>>
>>>
>>>
>>> --
>>> Thanks and Regards
>>> Shreyaank
>>> E-mail:shreyaank@confluxtechnologies.com
>>>
>>>
>>
>>
>> --
>> Thanks and Regards
>> Shreyaank
>> E-mail:shreyaank@confluxtechnologies.com
>>
>>
>
--
Thanks and Regards
Shreyaank
E-mail:shreyaank@confluxtechnologies.com
Re: Prepay loan
Posted by Joan Manuel Miranda Guzman <j....@gmail.com>.
Hello Shreyaank,
What is the diference between "Calculate till pre closure date " and "
Calculate
till rest frequency date"
I have created one but is not working, can you please check:
https://autodom.openmf.org,
username: mifos
password: password
The product is called: Prepayloan.
I have set it to the 00000006 client, but if i try to prepay it it shows
me an transaction amount of 2600, when the principal was 2000, is
calculating all the interest.
Thanks!!
On Wed, Sep 28, 2016 at 7:35 AM, Shreyaank Byadagi <
shreyaank@confluxtechnologies.com> wrote:
> Joan,
>
> If the loan is without interest recalculation enabled then you can
> foreclose the loan,
> If the loan is with interest recalculation enabled, while creating the
> loan product there is an option for "Pre-closure interest calculation
> rule", there you select "Calculate till pre closure date" from the drop
> down.
>
> Regards
> Shreyaank
>
>
>
> Sent with Mailtrack
> <https://mailtrack.io/install?source=signature&lang=en&referral=shreyaank@confluxtechnologies.com&idSignature=22>
>
> On Wed, Sep 28, 2016 at 4:54 PM, Shreyaank Byadagi <shreyaank@
> confluxtechnologies.com> wrote:
>
>> Hi Joan,
>>
>> I just wanted to know whether you are enabled interest recalculation?
>> Are you closing the loan after 15th day of disbursement or you are just
>> making a loan repayment?
>>
>> Regards
>> Shreyaank
>>
>>
>>
>> On Wed, Sep 28, 2016 at 4:26 PM, Joan Manuel Miranda Guzman <
>> j.miranda0892@gmail.com> wrote:
>>
>>> Im trying to create a new loan product, an 1 monthly repayment loan for
>>> 12 months, but if the client pays after 15 days of disbursement only the
>>> interest until day 15 ll be charged.
>>>
>>> Can somebody help me with
>>>
>>>
>>
>>
>> --
>> Thanks and Regards
>> Shreyaank
>> E-mail:shreyaank@confluxtechnologies.com
>>
>>
>
>
> --
> Thanks and Regards
> Shreyaank
> E-mail:shreyaank@confluxtechnologies.com
>
>
Re: Prepay loan
Posted by Shreyaank Byadagi <sh...@confluxtechnologies.com>.
Joan,
If the loan is without interest recalculation enabled then you can
foreclose the loan,
If the loan is with interest recalculation enabled, while creating the loan
product there is an option for "Pre-closure interest calculation rule",
there you select "Calculate till pre closure date" from the drop down.
Regards
Shreyaank
Sent with Mailtrack
<https://mailtrack.io/install?source=signature&lang=en&referral=shreyaank@confluxtechnologies.com&idSignature=22>
On Wed, Sep 28, 2016 at 4:54 PM, Shreyaank Byadagi <
shreyaank@confluxtechnologies.com> wrote:
> Hi Joan,
>
> I just wanted to know whether you are enabled interest recalculation?
> Are you closing the loan after 15th day of disbursement or you are just
> making a loan repayment?
>
> Regards
> Shreyaank
>
>
>
> On Wed, Sep 28, 2016 at 4:26 PM, Joan Manuel Miranda Guzman <
> j.miranda0892@gmail.com> wrote:
>
>> Im trying to create a new loan product, an 1 monthly repayment loan for
>> 12 months, but if the client pays after 15 days of disbursement only the
>> interest until day 15 ll be charged.
>>
>> Can somebody help me with
>>
>>
>
>
> --
> Thanks and Regards
> Shreyaank
> E-mail:shreyaank@confluxtechnologies.com
>
>
--
Thanks and Regards
Shreyaank
E-mail:shreyaank@confluxtechnologies.com
Re: Prepay loan
Posted by Shreyaank Byadagi <sh...@confluxtechnologies.com>.
Hi Joan,
I just wanted to know whether you are enabled interest recalculation?
Are you closing the loan after 15th day of disbursement or you are just
making a loan repayment?
Regards
Shreyaank
On Wed, Sep 28, 2016 at 4:26 PM, Joan Manuel Miranda Guzman <
j.miranda0892@gmail.com> wrote:
> Im trying to create a new loan product, an 1 monthly repayment loan for 12
> months, but if the client pays after 15 days of disbursement only the
> interest until day 15 ll be charged.
>
> Can somebody help me with
>
>
--
Thanks and Regards
Shreyaank
E-mail:shreyaank@confluxtechnologies.com