You are viewing a plain text version of this content. The canonical link for it is here.
Posted to issues@fineract.apache.org by "Mukundhan (Jira)" <ji...@apache.org> on 2020/11/06 05:35:00 UTC
[jira] [Created] (FINERACT-1254) There is no option to create
quarterly principal and monthly Interest repayment method...
Mukundhan created FINERACT-1254:
-----------------------------------
Summary: There is no option to create quarterly principal and monthly Interest repayment method...
Key: FINERACT-1254
URL: https://issues.apache.org/jira/browse/FINERACT-1254
Project: Apache Fineract
Issue Type: Bug
Components: Loan
Affects Versions: 1.4.0
Reporter: Mukundhan
I been trying to create a Loan product which offers Monthly interest repayment and Quarterly principal repayment schedule. But there is no option to create like that. If there is any method to create like. Please assist me.
Example:
Interest: 15%
Principal: 1,00,000
Interest method: Flat
Interest Calculation Period: Same as repayment
No. of Repayments: 12
+Repayments be like:+
Month 1 - Interest
Month 2 - Interest
Month 3 - Interest + Principal for 3 months (month 1 - 3)
Month 4 - Interest
Month 5 - Interest
Month 6 - Interest + Principal for 3 months (month 4 - 6)
Month 7 -Interest
Month 8 - Interest
Month 9 - Interest + Principal for 3 months (month 7 - 9)
Month 10 - Interest
Month 11 - Interest
Month 12 - Interest + Principal for 3 months (month 10 - 12)
--
This message was sent by Atlassian Jira
(v8.3.4#803005)