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Posted to dev@fineract.apache.org by "Dayna Harp (JIRA)" <ji...@apache.org> on 2016/03/31 19:42:25 UTC

[jira] [Created] (FINERACT-131) Allow new loans to clear balances of existing loans (Top Up Loans)

Dayna Harp created FINERACT-131:
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             Summary: Allow new loans to clear balances of existing loans (Top Up Loans)
                 Key: FINERACT-131
                 URL: https://issues.apache.org/jira/browse/FINERACT-131
             Project: Apache Fineract
          Issue Type: Improvement
            Reporter: Dayna Harp
            Assignee: Markus Geiss
            Priority: Minor


https://mifosforge.jira.com/browse/MIFOSX-439
Essentially this is a very straight forward implementation of the top-up loans principle, whereby the current loan will be paid off using the balance of the top up loan (once approved/disbursed). The disbursed amount of the top-up loan will therefore be reduced by the outstanding balance (P+I) of the old loan. The remainder is treated as a completely new product with a new schedule. 

A proposed way to implement this might be to specify whether a certain product is eligible for topping up and if so, to pull in a list of active loans from the same client as part of the loan template when setting up the product.



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