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Posted to dev@fineract.apache.org by si...@skyburgsystems.org on 2018/05/24 10:50:39 UTC
Penalties charge time
Hi guys,
Penalties are charging every time a client skips a repayment. We need it to
charge the penalty only after the loan matures if the loan hasn't been paid
off in full. The arrears tolerance in the loan product are already set as 7.
But it's charging 7 days after someone skips a payment and not 7 days after
the 5 weeks have elapsed.
Kind regards.
Sifiso
Re: [Mifos-developer] Penalties charge time
Posted by Nenge Masoya <ne...@singo.africa>.
Hello Sifiso,
The penalties are charged per each overdue installment. so does arrears. For your case you should raise the ticket in Jira for a new feature.
Regards,
Nenge.
From: "Santosh Math" <sa...@confluxtechnologies.com>
To: "Mifos software development" <mi...@lists.sourceforge.net>
Cc: mifos-user@lists.sourceforge.net, "dev" <de...@fineract.apache.org>
Sent: Thursday, May 24, 2018 2:15:10 PM
Subject: Re: [Mifos-developer] Penalties charge time
Hi Sifiso,
Did you try 'Penalty Wait Period' in System>Configurations?
On Thu, May 24, 2018 at 4:20 PM, < [ mailto:sifiso@skyburgsystems.org | sifiso@skyburgsystems.org ] > wrote:
Hi guys,
Penalties are charging every time a client skips a repayment. We need it to charge the penalty only after the loan matures if the loan hasn’t been paid off in full. The arrears tolerance in the loan product are already set as 7. But it's charging 7 days after someone skips a payment and not 7 days after the 5 weeks have elapsed.
Kind regards.
Sifiso
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Santosh Math
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[ http://www.confluxtechnologies.com/ | Conflux Technologies Pvt Ltd ]
| Office : +91-080-41208662 |
Address : #304, 2nd Floor, 7th Main Road, HRBR Layout 1st Block, Bengaluru, Karnataka, 560043 INDIA
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Re: [Mifos-developer] Penalties charge time
Posted by Santosh Math <sa...@confluxtechnologies.com>.
Hi Sifiso,
Did you try 'Penalty Wait Period' in System>Configurations?
On Thu, May 24, 2018 at 4:20 PM, <si...@skyburgsystems.org> wrote:
> Hi guys,
>
>
>
> Penalties are charging every time a client skips a repayment. We need it
> to charge the penalty only after the loan matures if the loan hasn’t been
> paid off in full. The arrears tolerance in the loan product are already set
> as 7. But it's charging 7 days after someone skips a payment and not 7 days
> after the 5 weeks have elapsed.
>
>
>
> Kind regards.
>
> Sifiso
>
> ------------------------------------------------------------
> ------------------
> Check out the vibrant tech community on one of the world's most
> engaging tech sites, Slashdot.org! http://sdm.link/slashdot
> Mifos-developer mailing list
> mifos-developer@lists.sourceforge.net
> Unsubscribe or change settings at:
> https://lists.sourceforge.net/lists/listinfo/mifos-developer
>
--
Thanks & Regards
Santosh Math
*QA Engineer*
*Conflux Technologies Pvt Ltd <http://www.confluxtechnologies.com/>*
| *Office*: +91-080-41208662 |
*Address*: #304, 2nd Floor, 7th Main Road, HRBR Layout 1st Block,
Bengaluru, Karnataka, 560043 INDIA