fineract-dev mailing list archives

Site index · List index
Message view « Date » · « Thread »
Top « Date » · « Thread »
From "thynn win (JIRA)" <j...@apache.org>
Subject [jira] [Created] (FINERACT-467) Request for equal installment (with equal principal and equal interest) loan schedule
Date Fri, 19 May 2017 03:30:04 GMT
thynn win created FINERACT-467:
----------------------------------

             Summary: Request for equal installment (with equal principal and equal interest)
loan schedule
                 Key: FINERACT-467
                 URL: https://issues.apache.org/jira/browse/FINERACT-467
             Project: Apache Fineract
          Issue Type: New Feature
          Components: Loan
         Environment: Windows
            Reporter: thynn win
            Assignee: Markus Geiss
            Priority: Critical
         Attachments: InterestRateCalculation-Mifos.xlsx, Request for equal installment with
equal interest and equal principal.jpg

For loan repayment schedule, we would like to have an option for equal installment with equal
interest and equal principal option.  Please see the attachment (left grid) for the sample
schedule requested.

Currently if we make equal installment, either principal or interest will be varying. We will
arrive at the same interest total interest at the end but our MFIs would like to have flat
interest and equal principal at the same time. 

It's be immensely helpful for their borrowers to remember their balances and interest as they
are all the same every time.

Please refer to the spreadsheet.



--
This message was sent by Atlassian JIRA
(v6.3.15#6346)

Mime
View raw message