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Posted to dev@fineract.apache.org by "Zayyad A. Said" <za...@intrasofttechnologies.com> on 2019/03/27 12:40:05 UTC
Penalty Structure
Hi Devs,
Is it possible to implement below penalties structure in a loan product?
Term / Days in Arrears
1
7
14
21
Total
30 - Day
2.10%
1.25%
0.85%
0.80%
5.00%
60 - Day
3.15%
1.90%
1.25%
1.20%
7.50%
90 - Day
4.20%
2.55%
1.65%
1.60%
10.00%
Regards;
*******
Zayyad A. Said | Chairman & C.E.O
Cell No.: +254 716 615274 | Skype: zsaid2011
Email: <ma...@intrasofttechnologies.com>
zayyad@intrasofttechnologies.com
Schedule Meetings: <https://calendly.com/zayyadsaid>
https://calendly.com/zayyadsaid
Description: Email banner
RE: [Mifos-developer] Penalty Structure
Posted by "Zayyad A. Said" <za...@intrasofttechnologies.com>.
Hi Santosh,
1st column is the loan term, say those are 3 different products of 30-Days, 60-Days, and 90-Days.
Is it possible to implement this kind of penalty structure?
On the same note, they have requested penalty to be % of outstanding amount that is inclusive of Principal, Interest & Fees.
I don’t see the option of % Outstanding Amount in the Charge Time Type, we only have % Loan Amount + Interest.
How can we include fees outstanding in the penalty calculation?
Regards;
*******
Zayyad A. Said | Chairman & C.E.O
Cell No.: +254 716 615274 | Skype: zsaid2011
Email: zayyad@intrasofttechnologies.com
Schedule Meetings: https://calendly.com/zayyadsaid
Description: Email banner
From: Santosh Math [mailto:santosh@confluxtechnologies.com]
Sent: 28 March 2019 09:10 AM
To: Dev
Cc: Mifos software development
Subject: Re: [Mifos-developer] Penalty Structure
Hi Zayyad,
What is first row? is it loan frequency or Total loan term?
On Wed, Mar 27, 2019 at 6:33 PM Zayyad A. Said <za...@intrasofttechnologies.com> wrote:
Hi Devs,
Is it possible to implement below penalties structure in a loan product?
Term / Days in Arrears
1
7
14
21
Total
30 - Day
2.10%
1.25%
0.85%
0.80%
5.00%
60 - Day
3.15%
1.90%
1.25%
1.20%
7.50%
90 - Day
4.20%
2.55%
1.65%
1.60%
10.00%
Regards;
*******
Zayyad A. Said | Chairman & C.E.O
Cell No.: +254 716 615274 | Skype: zsaid2011
Email: zayyad@intrasofttechnologies.com
Schedule Meetings: https://calendly.com/zayyadsaid
--
Thanks & Regards
Santosh Math
QA Engineer
<http://www.confluxtechnologies.com/> Conflux Technologies Pvt Ltd
| Office: +91-080-41208662 |
Address: #304, 2nd Floor, 7th Main Road, HRBR Layout 1st Block, Bengaluru, Karnataka, 560043 INDIA
Re: Penalty Structure
Posted by Santosh Math <sa...@confluxtechnologies.com>.
Hi Zayyad,
What is first row? is it loan frequency or Total loan term?
On Wed, Mar 27, 2019 at 6:33 PM Zayyad A. Said <
zayyad@intrasofttechnologies.com> wrote:
> Hi Devs,
>
>
>
> Is it possible to implement below penalties structure in a loan product?
>
>
>
> *Term / Days in Arrears*
>
> *1*
>
> *7*
>
> *14*
>
> *21*
>
> *Total*
>
> 30 - Day
>
> 2.10%
>
> 1.25%
>
> 0.85%
>
> 0.80%
>
> 5.00%
>
> 60 - Day
>
> 3.15%
>
> 1.90%
>
> 1.25%
>
> 1.20%
>
> 7.50%
>
> 90 - Day
>
> 4.20%
>
> 2.55%
>
> 1.65%
>
> 1.60%
>
> 10.00%
>
>
>
> Regards;
>
>
>
> *********
>
> *Zayyad A. Said | Chairman & C.E.O*
>
>
>
> Cell No.: +254 716 615274 | Skype: *zsaid2011*
>
> Email: zayyad@intrasofttechnologies.com
>
> Schedule Meetings: https://calendly.com/zayyadsaid
>
> [image: Description: Email banner]
>
>
>
--
Thanks & Regards
Santosh Math
*QA Engineer*
*Conflux Technologies Pvt Ltd <http://www.confluxtechnologies.com/>*
| *Office*: +91-080-41208662 |
*Address*: #304, 2nd Floor, 7th Main Road, HRBR Layout 1st Block,
Bengaluru, Karnataka, 560043 INDIA