Subtract Charges from Loan Amount

Description

The person loan an amount of 10,000. The service fee is 5%. The service charge must be subtracted to the loan amount. So the amount that the person can get must be the net amount which is (10,000 - 500 = 9,500).

In mifos, the charges are added (10,000 + 500 = 10,500).

Environment

None

Activity

Show:
Nikhil Pawar
March 25, 2016, 11:44 AM

I couldn't replicate this issue. In 15.0.3, the total due and outstanding amount is same.
However, even now the charges are added in the total principal amount.
Are you still expecting that the charges should deducted upfront from the disbursed loan amount ( provided the charges are to collected during disbursal).

Assignee

Nikhil Pawar

Reporter

Karen Joy Calado

Labels

Implementation Priority

Could

URL

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Story Points

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Team

Core

productboard URL

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Man Day Estimate

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Components

Affects versions

Due date

2015/08/29

Priority

Trivial
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