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Posted to issues@fineract.apache.org by "Adam Saghy (Jira)" <ji...@apache.org> on 2024/05/13 12:19:00 UTC
[jira] [Updated] (FINERACT-1981) Multi Disbursement Repayment Schedule calculation Enhancement - Progressive loan
[ https://issues.apache.org/jira/browse/FINERACT-1981?page=com.atlassian.jira.plugin.system.issuetabpanels:all-tabpanel ]
Adam Saghy updated FINERACT-1981:
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Summary: Multi Disbursement Repayment Schedule calculation Enhancement - Progressive loan (was: Multi Disbursement Repayment Schedule calculation Enhancement)
> Multi Disbursement Repayment Schedule calculation Enhancement - Progressive loan
> --------------------------------------------------------------------------------
>
> Key: FINERACT-1981
> URL: https://issues.apache.org/jira/browse/FINERACT-1981
> Project: Apache Fineract
> Issue Type: Improvement
> Reporter: Bharath Gowda
> Assignee: Adam Saghy
> Priority: Major
> Attachments: Repayment schedule handling for mutli disubrsements.xlsx
>
>
> *Background and Details*
> The Legacy Repayment schedule calculation in Fineract for Multi Tranche Loan is Recalculating and regenerating the schedule for the whole disbursement amount (all tranche included when ever a new disbursement comes in)
> There should be an option where the Disbursement amount should be distributed to the future installments only and should not recalculate the schedule or installments that happened before the disbursement date
> This is the expected behavior for products like Wallets, Digital lending, Line of Credit.
> Same can be achieved through configuration where the Legacy calculation is not impacted
> Loan schedule type
> * *Cumulative* (by default, legacy): All of the installments are used to split the newly disbursed amount
> * *Progressive* (work in progress): Only the future installments to be used to split the newly disbursed amount.
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