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Posted to dev@fineract.apache.org by "Santosh Math (JIRA)" <ji...@apache.org> on 2017/07/24 11:31:00 UTC
[jira] [Commented] (FINERACT-431) Should not allow more than
expected loan term based on 'number of repayments' and 'Repaid every'
values.
[ https://issues.apache.org/jira/browse/FINERACT-431?page=com.atlassian.jira.plugin.system.issuetabpanels:comment-tabpanel&focusedCommentId=16098228#comment-16098228 ]
Santosh Math commented on FINERACT-431:
---------------------------------------
[~mexina], Please let us know regarding my above comment.
> Should not allow more than expected loan term based on 'number of repayments' and 'Repaid every' values.
> ---------------------------------------------------------------------------------------------------------
>
> Key: FINERACT-431
> URL: https://issues.apache.org/jira/browse/FINERACT-431
> Project: Apache Fineract
> Issue Type: Improvement
> Components: Loan
> Reporter: Mexina Daniel
> Assignee: Markus Geiss
> Priority: Minor
> Labels: p2
>
> In loan application, the frequency of the loan term has to be the same with the frequency of repaid every (days/weeks/months/years), by this : loan term = number of repayment x repaid every.
> e.g
> 1. Create a loan product and fill the necessary requirements (put default number of repayment = 6, repaid every = 1 month)
> 2. Create a loan account to an active client and fill all necessary requirement ( put loan term = 8 months), leave the number of repayment to 6.
> The system is allowing the loan term to be greater than (number of repayments x repaid every) and provide the repayment schedule based on 'number of repayments' and 'repaid every' values
> It should deny the submission and through an error like when you provide loan term less than (number of repayments x repaid every)
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