Ability to use the Flat method for interest calculation when creating 'variable installment' loans

Description

see discussion at https://groups.google.com/group/mifosusers/browse_thread/thread/c8fe1c57774e472

Some organisations would like variable installment interest rate calculation to be Flat rather than fixed to 'Declining Balance'

Environment

None

Activity

Show:
Jakub Sławiński
February 14, 2012, 10:15 PM

Fixed in commit 3361bdeea9eebc6bcf72aba2ad539763add01b59.

Jakub Sławiński
February 15, 2012, 5:26 PM

Verified at 15/02/2012. It is now possible to use FLAT interest type, but variable installment loans have a lot of other unresolved issues.

Lukasz Chudy
March 27, 2012, 12:13 PM

It seems that for GLIM Loan accounts it is possible to modify schedule during the loan creation but after creating loan changes disappears.

1. Enable LSIM, GLIM and Variable Installments for Group Loan product with Flat interest rate type.
2. Start creating GLIM Loan account.
3. Select at least 2 customers.
4. On page with schedule, modify some dates and amounts.
5. Click continue and notice that changes are visibile in the schedule on 'Review&Submit' page.
6. Click Submit button.
7. On Group Loan details page, click on 'Repayment Schedule' link.

Expected result:
Repayment schedule has the same dates and amounts as during the loan creation (including modified values).

Actual result:
Repayment schedule has the dates and amounts before modification (the same as when Variable Installments option is turned off).

Jakub Sławiński
March 27, 2012, 12:31 PM

Lukasz, is this related only to flat interest rate?

Lukasz Chudy
March 27, 2012, 1:23 PM

Jakub,

You're right, it is a general issue with Variable Installments and GLIM, no matter if it is Flat or Declining Balance. I created separate Jira ticket for that issue:

Assignee

Jakub Sławiński

Reporter

keithwoodlock

Labels

Implementation Priority

None

URL

None

Story Points

1

Team

Core

Scheduled For

Release

Epic

None

productboard URL

None

Man Day Estimate

None

Components

Fix versions

Affects versions

Priority

Major
Configure