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Posted to issues@fineract.apache.org by "Jose Alberto Hernandez (Jira)" <ji...@apache.org> on 2024/05/17 06:28:00 UTC

[jira] [Created] (FINERACT-2083) Balloon repayment amount for Loan account

Jose Alberto Hernandez created FINERACT-2083:
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             Summary: Balloon repayment amount for Loan account
                 Key: FINERACT-2083
                 URL: https://issues.apache.org/jira/browse/FINERACT-2083
             Project: Apache Fineract
          Issue Type: New Feature
          Components: Loan
            Reporter: Jose Alberto Hernandez
             Fix For: 1.10.0, 1.9.0


Balloon repayment amount for Loan account

A balloon payment is {*}the final amount due on a loan that is structured as a series of small monthly payments followed by a single much larger sum at the end of the loan period{*}. The early payments may be all or almost all payments of interest owed on the loan, with the balloon payment being the principal of the loan.



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