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From "Adi Raju (JIRA)" <j...@apache.org>
Subject [jira] [Closed] (FINERACT-94) Allow a recurring gap/moratorium for principal between repayments
Date Wed, 11 May 2016 11:34:13 GMT

     [ https://issues.apache.org/jira/browse/FINERACT-94?page=com.atlassian.jira.plugin.system.issuetabpanels:all-tabpanel
]

Adi Raju closed FINERACT-94.
----------------------------
    Resolution: Fixed
      Assignee: Adi Raju  (was: Markus Geiss)

Closed after verification by QA

> 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: Adi Raju
>
> 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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