OverDue Fee are being added for every installment which is late
Overdue Fees are currently added for every installment which is late, instead of the total late days.
For example: (assume: overdue fee of $5.00 per day the loan is late)
1st installment is 10days overdue ($5.00 X 10Days)=$50.00 Overdue Fee
2nd installment is 4days Overdue ($5.00 X 4 Days)= $20.00 Overdue Fee
TOTAL = $70.00
**However the loan is only 10 days late
Therefore overdue fees should only be $50.00.
Overdue fees should be extended to support adding overdue fees on total days late of a loan, not individual installments. A option to decide weather
to add overdue fees per installment or per overall loan is required.
Reported as bugs
Looping you on these items, they were originally raised as Bugs, have moved them to improvements as the original design for overdue fees did not include these scenarios