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From Avik Ganguly <>
Subject Re: Skip penalty and pay during last EMI
Date Sun, 01 Oct 2017 18:42:17 GMT
Hi Santosh,

I couldn't find documentation in the Fineract User Zone for the available
transaction processors (Repayment Strategy dropdown) for the loan product.
Can you point me to the link where it's maintained or should I create an
entry under Completed features


On Sun, Oct 1, 2017 at 11:44 PM, Avik Ganguly <>

> Hi Hari,
> One feature supported by the repayment / collection sheet APIs is the
> excludePenaltyCharges flag which will skip processing the penalty portion
> of the installment but this won't mark the installment's obligations met as
> true. You can test this approach by selecting the excludePenaltyCharges
> flag from the UI while repaying. Maybe someone else can confirm if your
> requirements can be met just by passing this flag as true from UI for all
> installments other than the last one. You can try testing this approach in
> your environment or the demo environment.
> One other approach with better performance metrics to support this could
> be the following :-
>    - As any RepaymentScheduleTransactionProcessor will always try to
>    settle incomplete installments first, introduce a flag at product level
>    which if switched on will consider obligationsMet() as true even without
>    the penalty portion being paid for non-last installments. The last
>    installment should consider obligationsMet() as true if total penalty due
>    for the loan is paid.
>    - In the loan account repayment / collection sheet UI, the default
>    total amount being pre-populated will include the penalty so it would need
>    to be changed to not include the penalty for non-last installments.
>    - Write a RepaymentScheduleTransactionProcessor (
>    handleTransactionThatIsOnTimePaymentOfInstallment) which will settle
>    the penalty portion for all installments with remaining amount if the
>    transaction is processing the last installment.
> This will also end up in showing a huge amount difference between your
> Penalties Receivable and Income from Penalties GL.
> Regards,
> Avik.
> On Thu, Sep 28, 2017 at 3:52 PM, Hari Haran <> wrote:
>> Team,
>> ​I want to pay the principal, interest and fees alone in EMIs. I want to
>> skip the penalty during the EMI payment.
>> I want to pay all the penalties once paid all the EMIs.
>> How to achieve this?​
>> --
>> ------------------------------
>> Regards,
>> Hariharan.G
>> Technical Consultant | Habile Technologies
>> | (O): +91 44 4202 0550 | (M): + 91 90030
>> 25156
>> Skype: hari.mitteam |
>> <>
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