| Page Properties | ||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
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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”)
| Column Name | Data Type | Description |
|---|---|---|
| days_in_month_enum | int | No of Days should be considered in loan calculation Actual or 30 days |
| days_in_year_enum | int | No of Days should be considered in loan calculation Actual or 360 or 365 or 364 |
| interest_recalculation_enabled | tinyint | Boolean flag indicates is interest recalculation required if payment not done as per the schedule. |
2. Modifications to Loan
...
Account(“m_loan”)
| Column Name | Data Type | Description |
|---|---|---|
| days_in_month_enum | int | No of Days should be considered in loan calculation Actual or 30 days |
| days_in_year_enum | int | No of Days should be considered in loan calculation Actual or 360 or 365 or 364 |
| interest_recalculation_enabled | tinyint | Boolean flag indicates is interest recalculation required if payment not done as per the schedule. |
...