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Posted to issues@fineract.apache.org by "Manoj Mohanan (Jira)" <ji...@apache.org> on 2021/09/10 14:17:00 UTC
[jira] [Commented] (FINERACT-1348) Balloon Payment: Fix Principal
Portion for each installment to a fixed percentage value
[ https://issues.apache.org/jira/browse/FINERACT-1348?page=com.atlassian.jira.plugin.system.issuetabpanels:comment-tabpanel&focusedCommentId=17413206#comment-17413206 ]
Manoj Mohanan commented on FINERACT-1348:
-----------------------------------------
[~awasum], [~avikganguly010]
The PR got closed as it went stale
[https://github.com/openMF/community-app/pull/3381]
[https://github.com/apache/fineract/pull/1702]
> Balloon Payment: Fix Principal Portion for each installment to a fixed percentage value
> ---------------------------------------------------------------------------------------
>
> Key: FINERACT-1348
> URL: https://issues.apache.org/jira/browse/FINERACT-1348
> Project: Apache Fineract
> Issue Type: Improvement
> Components: Loan
> Reporter: Manoj Mohanan
> Assignee: Manoj Mohanan
> Priority: Minor
> Attachments: Screenshot 2021-04-17 at 22.58.08.png
>
>
> This is part of inventory financing requirement.
> To achive Balloon Payment:
> For a fixed principal amortization loan, by fixing the Loan term and principal percentage per installment, the remaining principal is added to the last installment and thus the last installment becomes balloon payment.
> A new settings( parameter) 'fixed principal percentage per installment " to be introduced to loan product as well as Loan application with CRUD changes for the same.
> fix the principal percentage per installment` in both Flat interest method and Declining balance method schedule
>
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