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From "ASF GitHub Bot (JIRA)" <j...@apache.org>
Subject [jira] [Commented] (FINERACT-131) Allow new loans to clear balances of existing loans (Top Up Loans)
Date Tue, 16 Aug 2016 09:53:20 GMT

    [ https://issues.apache.org/jira/browse/FINERACT-131?page=com.atlassian.jira.plugin.system.issuetabpanels:comment-tabpanel&focusedCommentId=15422517#comment-15422517
] 

ASF GitHub Bot commented on FINERACT-131:
-----------------------------------------

Github user asfgit closed the pull request at:

    https://github.com/apache/incubator-fineract/pull/210


> Allow new loans to clear balances of existing loans (Top Up Loans)
> ------------------------------------------------------------------
>
>                 Key: FINERACT-131
>                 URL: https://issues.apache.org/jira/browse/FINERACT-131
>             Project: Apache Fineract
>          Issue Type: Improvement
>            Reporter: Dayna Harp
>            Assignee: Markus Geiss
>            Priority: Minor
>
> https://mifosforge.jira.com/browse/MIFOSX-439
> 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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