[jira] [Updated] (FINERACT-686) Add 'cycle' as chargeTimeType for loans

["Robert Jakech (Jira)" <ji...@apache.org>]

     [ https://issues.apache.org/jira/browse/FINERACT-686?page=com.atlassian.jira.plugin.system.issuetabpanels:all-tabpanel ]

Robert Jakech updated FINERACT-686:
-----------------------------------
    Labels: Roadmap2022  (was: )

> Add 'cycle' as chargeTimeType for loans
> ---------------------------------------
>
>                 Key: FINERACT-686
>                 URL: https://issues.apache.org/jira/browse/FINERACT-686
>             Project: Apache Fineract
>          Issue Type: New Feature
>          Components: Loan
>    Affects Versions: 1.1.0
>            Reporter: sapana
>            Priority: Minor
>              Labels: Roadmap2022
>         Attachments: Screen Shot 2018-12-03 at 11.49.59 AM.png, Screen Shot 2018-12-06 at 10.08.56 AM.png
>
>
> Currently loan charges have 'installment' as chargeTime option. However, for a loan if there are several overdue installment, penalty is applied on due date once per overdue installment. Ideally, we would like to apply loan charge only once per due date (irrespective of number of overdue installments)
> Attached is screenshot of current behaviour: filename: Screen Shot 2018-12-03 at 11.49.59 AM
> And desired behaviour - late penalty once per due date - filename : Screen Shot 2018-12-06 at 10.08.56 AM



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