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• Days in Year – Actual
• Recalculate Interest? – checkbox - Null
• Rest or Frequency at which outstanding principal is recalculated – Null
• Days Calculation Basis – Actual

Database changes 

 1. Modifications to Loan Product (“m_product_loan”)

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1. 1. identify outstanding principal 
   2. identify amount for interest compound 
   3. regenerate schedule based on outstanding and rest frequency(from calendar instance)
   4. add the extra interest(in-case of late payment ) to next installment(should define the behavior if last payment is delayed?)
      1. for last installment,  will add extra installments with interest component only 
   5. if prepayment is done then use one of the strategy to reschedule.
      1. adjust EMI amount  
      2. adjust loan duration
      3. adjust next installments

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