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Date: Wed, 17 Aug 2016 11:56:20 +0000 (UTC)
From: "subramanyasn (JIRA)" <jira@apache.org>
To: dev@fineract.incubator.apache.org
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Subject: [jira] [Commented] (FINERACT-131) Allow new loans to clear balances
 of existing loans (Top Up Loans)
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archived-at: Wed, 17 Aug 2016 11:56:25 -0000


    [ https://issues.apache.org/jira/browse/FINERACT-131?page=com.atlassian.jira.plugin.system.issuetabpanels:comment-tabpanel&focusedCommentId=15424362#comment-15424362 ] 

subramanyasn commented on FINERACT-131:
---------------------------------------

@ Dayna,
Weather top up loans should allow for equal or 1$ greater than the existing loan?
Eg.
1. If the Loan (without interest recalculation) is disbursed on 01 January 2016, and amount is 10000. Interest accumulated is 600
2. If the top up loan is equal to 10000+600 = 10600 (or even amount of 10601) should it allow or not?


> 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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