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From "May Myint (JIRA)" <j...@apache.org>
Subject [jira] [Updated] (FINERACT-550) Add Remaining Installment back to Balance of Loan
Date Tue, 07 Nov 2017 05:33:00 GMT

     [ https://issues.apache.org/jira/browse/FINERACT-550?page=com.atlassian.jira.plugin.system.issuetabpanels:all-tabpanel
]

May Myint updated FINERACT-550:
-------------------------------
    Description: 
When client makes partial repayment with Penalties, Fees, Interest, Principal repayment strategy,
remaining installment amount (if Principal only) should be allowed to be added back to balance
of loan.

E.g. Installment due is 2000. No Penalties or Fees due. Interest due amount is 600, Principal
due is 1400. Client pays 900 so Interest is fully paid and 300 of Principal is paid. 1100
remains. This amount is added back to the balance of loan. The installment is considered fully
repaid and interest is recalculated for the whole schedule.

[https://issues.apache.org/jira/browse/FINERACT-517]

  was:
When client makes partial repayment with Penalties, Fees, Interest, Principal repayment strategy,
remaining installment amount (if Principal only) should be allowed to be added back to balance
of loan.

E.g. Installment due is 2000. No Penalties or Fees due. Interest due amount is 600, Principal
due is 1400. Client pays 900 so Interest is fully paid and 300 of Principal is paid. 1100
remains. This amount is added back to the balance of loan. The installment is considered fully
repaid and interest is recalculated for the whole schedule.


> Add Remaining Installment back to Balance of Loan
> -------------------------------------------------
>
>                 Key: FINERACT-550
>                 URL: https://issues.apache.org/jira/browse/FINERACT-550
>             Project: Apache Fineract
>          Issue Type: Improvement
>          Components: Loan
>            Reporter: May Myint
>            Assignee: Markus Geiss
>
> When client makes partial repayment with Penalties, Fees, Interest, Principal repayment
strategy, remaining installment amount (if Principal only) should be allowed to be added back
to balance of loan.
> E.g. Installment due is 2000. No Penalties or Fees due. Interest due amount is 600, Principal
due is 1400. Client pays 900 so Interest is fully paid and 300 of Principal is paid. 1100
remains. This amount is added back to the balance of loan. The installment is considered fully
repaid and interest is recalculated for the whole schedule.
> [https://issues.apache.org/jira/browse/FINERACT-517]



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