prepayment charge

Description

I was not able to make a prepayment charge (when client pays in advance).
If a client repays the principal before the due date, he should not pay interest an is charged with a 2% of principal in advance.
How can I apply this type of charge to a client?

Environment

None

Activity

Show:
Sangamesh Nadagoudar
January 25, 2016, 12:14 PM

This not a issue, since this is available in available in mifos. For these kind of queries you could raise a question in:- http://mifos.cloud.answerhub.com/index.html.

In this jira issue - Please raise the issues if the feature is a bug or if you need improvements or enhancements,etc

Please find below steps for executing the scenario:-
>> You could waive respective interest by going to Loan page>>More>>Waive interest. Then make the repayment for that instalment.
>> In case if you want to prepay the entire loan then you can use Prepay loan feature by going to:- Loan page>>then click on Prepay button. For this as well you could use waive interest option.

Assignee

Unassigned

Reporter

aleksandre lomadze

Labels

Implementation Priority

Must

URL

None

Story Points

None

Team

Core

productboard URL

None

Man Day Estimate

None

Components

Due date

2016/01/22

Priority

Major
Configure