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From "Binny Gopinath Sreevas (JIRA)" <j...@apache.org>
Subject [jira] [Created] (FINERACT-94) Allow a recurring gap/moratorium for principal between repayments
Date Mon, 21 Mar 2016 12:53:25 GMT
Binny Gopinath Sreevas created FINERACT-94:
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             Summary: Allow a recurring gap/moratorium for principal between repayments
                 Key: FINERACT-94
                 URL: https://issues.apache.org/jira/browse/FINERACT-94
             Project: Apache Fineract
          Issue Type: Improvement
          Components: Loan
            Reporter: Binny Gopinath Sreevas
            Assignee: Markus Geiss


Financial institutions may want to ask the client to:
a) Repay interest for every period
b) However, principal may be repaid once in a quarter or once in six months etc.

The variable installment feature could be used. However this would take too long for an end
user to create each loan account with the corresponding repayment.

Similar to the existing feature of having a grace/moratorium at the beginning of the loan,
I propose to add a "Moratorium periods for principal in between repayments".

If this is set to 2 - then 2 repayments will skip principal portion for repayments and only
interest will be collected during these repayments. In effect this means that collect principal
once in every 3 repayments.



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