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Posted to issues@fineract.apache.org by "bharath gowda (Jira)" <ji...@apache.org> on 2022/01/08 13:57:00 UTC
[jira] [Updated] (FINERACT-1485) New Loan Charge type "upfront disbursement fees"
[ https://issues.apache.org/jira/browse/FINERACT-1485?page=com.atlassian.jira.plugin.system.issuetabpanels:all-tabpanel ]
bharath gowda updated FINERACT-1485:
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Attachment: Upfront fee requirement.xlsx
> New Loan Charge type "upfront disbursement fees"
> ------------------------------------------------
>
> Key: FINERACT-1485
> URL: https://issues.apache.org/jira/browse/FINERACT-1485
> Project: Apache Fineract
> Issue Type: Improvement
> Components: Charges, Loan
> Affects Versions: 1.5.0
> Reporter: bharath gowda
> Assignee: Avik Ganguly
> Priority: Major
> Fix For: 1.6.0
>
> Attachments: Upfront fee requirement.xlsx
>
>
> Refer Attachment for full details of the requirement.
> |Requirement|Changes |
> |New loan entity - fee type to be introduced |Upfront Disbursement Fee|
> |
> Upfront fee can be on |1. % approved amount
> 2. Flat|
> |Actual Disbursement Amount =|Disbursement amount entered - upfront fees amount|
> |Repayment schedule|Repayment schedule should be calculated based on the actual disbursement amount(Disbursement amount entered - upfront fees)|
> |Transaction|Upfront fees should be collected at the time of disbursement(as shown in the transaction sample)|
> |Accounting entry|no changes in accounting entries. it remains standard OOB for disbursement, fees, and transactions|
> |Repayment schedule calculation |once disbursed with the actual disbursement amount- all calculation remains the same as OOB as per product configuration|
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