Loan Schedule Scenarios At Loan Disbursement
Given A client with a weekly meeting on a wednesday exists (client created and activated on 11th of Jan 2011)
And on tues 1st Feb - a loan account is created and approved,
Then loan schedule at account creation has disbursal due on 2-feb-2011, with first installment starting from 9-feb-2011
One difference when creating loan accounts with LSIM turned on and off is, when LSIM is turned on, loan accounts schedule must match the client meeting schedule, with LSIM turned off, for weekly it is possible to choose the frequency (e.g. 1 or 2 weeks) and also the day of the week the installment should occur on (monday - sunday etc)
For the example below with LSIM on, I left the installment meeting happening every 1 weeks on a Wednesday just like the clients meeting.
Standard loan product
LSIM Off
early disbursement of loan account
on tues 1st Feb - disbursed loan account (schedule at account disbursal, disbursed on 1-feb-2011, first installment starting from 2-feb-2011) (broken in f - getting 9th of feb-2011, failing acceptance test)
On time disbursement
on wed 2nd Feb - disbursed loan account (schedule at account disbursal, disbursed on 2-feb-2011, first installment starting from 9-feb-2011)
late disbursement
on thurs 3rd Feb - disbursed loan account (schedule at account disbursal, disbursed on 3-feb-2011, first installment starting from 9-feb-2011) (broken in f - getting 16th of feb-2011, no failing acceptance test)
late disbursement
on wed 9th Feb - disbursed loan account (schedule at account disbursal, disbursed on 9-feb-2011, first installment starting from 16-feb-2011)
late disbursement
on wed 10th Feb - disbursed loan account (schedule at account disbursal, disbursed on 10-feb-2011, first installment starting from 16-feb-2011) (broken in f - getting 23rd of feb-2011, no failing acceptance test)
LSIM On
early disbursement of loan account
on tues 1st Feb - disbursed loan account (schedule at account disbursal, disbursed on 1-feb-2011, first installment starting from 2-feb-2011)
On time disbursement
on wed 2nd Feb - disbursed loan account (schedule at account disbursal, disbursed on 2-feb-2011, first installment starting from 9-feb-2011)
late disbursement
on thurs 3rd Feb - disbursed loan account (schedule at account disbursal, disbursed on 3-feb-2011, first installment starting from 9-feb-2011)
late disbursement
on wed 9th Feb - disbursed loan account (schedule at account disbursal, disbursed on 9-feb-2011, first installment starting from 16-feb-2011)
late disbursement
on wed 10th Feb - disbursed loan account (schedule at account disbursal, disbursed on 10-feb-2011, first installment starting from 16-feb-2011)
Variable loan product
LSIM Off
Cannot create loan products with variable installments when LSIM is off
LSIM on
early disbursement of loan account
on tues 1st Feb - disbursed loan account (schedule at account disbursal, disbursed on 1-feb-2011, first installment starting from 8-feb-2011)
On time disbursement
on wed 2nd Feb - disbursed loan account (schedule at account disbursal, disbursed on 2-feb-2011, first installment starting from 9-feb-2011)
late disbursement
on thurs 3rd Feb - disbursed loan account (schedule at account disbursal, disbursed on 3-feb-2011, first installment starting from 10-feb-2011)
late disbursement
on wed 9th Feb - disbursed loan account (schedule at account disbursal, disbursed on 9-feb-2011, first installment starting from 16-feb-2011)
late disbursement
on wed 10th Feb - disbursed loan account (schedule at account disbursal, disbursed on 10-feb-2011, first installment starting from 17-feb-2011)