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  1. MIFOS2X-5636

Add ability to configure payment order: add possibility to always repay overdue interest first

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    • Team:
      Core

      Description

      Currently, the order of loan payments is always the same:
      1. 1st installment's: Misc Penalty, Penalty, Misc Fees, Fees, Interest, Principal
      2. 2nd installment's: Misc Penalty, Penalty, Misc Fees, Fees, Interest, Principal
      3. 3rd installment's...

      There is a need to add configuration setting which will allow to change the default order of payments to the following one:
      1. All overdue/current Interest
      2. 1st installment's: Misc Penalty, Penalty, Misc Fees, Fees, Principal
      3. 2nd installment's: Misc Penalty, Penalty, Misc Fees, Fees, Principal
      4. 3rd installment's...

      This means we need to add a single option to choose from the following repayment strategies:

      • the old payment order
      • always repay overdue interest first

      Related discussions:

      1. https://groups.google.com/forum/?fromgroups#!msg/mifosusers/pLdY-7HtJkc/zEe3lWwrN8gJ
      2. https://groups.google.com/forum/#!topic/mifosusers/hCswn7FS9DQ

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              • Assignee:
                lukaszwyszomirski lukaszwyszomirski (Inactive)
                Reporter:
                lukaszch Lukasz Chudy (Inactive)
              • Votes:
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                Dates

                • Created:
                  Updated:
                  Resolved:

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