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Subject Re: [jira] [Commented] (FINERACT-131) Allow new loans to clear balances of existing loans (Top Up Loans)
Date Tue, 16 Aug 2016 10:50:07 GMT
Dear Colleagues,

I'm not sure if I follow; I have experience practice where by the whole 
current loan balance is migrated to new initiated top up loan... and 
repayment formula follow the new top-up loan.

The current/rather the old loan become closed...

Is what you said?


On 2016-08-16 09:53, ASF GitHub Bot (JIRA) wrote:
> [
> ]
> ASF GitHub Bot commented on FINERACT-131:
> -----------------------------------------
> Github user asfgit closed the pull request at:
>> Allow new loans to clear balances of existing loans (Top Up Loans)
>> ------------------------------------------------------------------
>>                 Key: FINERACT-131
>>                 URL: 
>>             Project: Apache Fineract
>>          Issue Type: Improvement
>>            Reporter: Dayna Harp
>>            Assignee: Markus Geiss
>>            Priority: Minor
>> Essentially this is a very straight forward implementation of the 
>> top-up loans principle, whereby the current loan will be paid off 
>> using the balance of the top up loan (once approved/disbursed). The 
>> disbursed amount of the top-up loan will therefore be reduced by the 
>> outstanding balance (P+I) of the old loan. The remainder is treated as 
>> a completely new product with a new schedule.
>> A proposed way to implement this might be to specify whether a certain 
>> product is eligible for topping up and if so, to pull in a list of 
>> active loans from the same client as part of the loan template when 
>> setting up the product.
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