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From Santiago Abad <santiago.a...@poincenot.com>
Subject Re: Loan Product question
Date Wed, 18 May 2016 14:36:58 GMT
Thanks for your answer Vishwas!

Regards,
Santiago

2016-05-18 11:20 GMT-03:00 vishwas <vishwas@confluxtechnologies.com>:

> Fineract currently does not support upfront interest deductions. Possible
> workarounds could be
>
> a) Manually calculate the interest and add the same as a disbursal charge
> b) On the loan product select a repayment strategy that pays interest
> before other  the principal amount. So you could create the loan and
> immediately make a repayment of the entire interest.
>
>
> Regards,
> Vishwas
>
>
>
> On May 18, 2016, at 7:13 AM, Santiago Abad <santiago.abad@poincenot.com>
> wrote:
>
> Dear user mailing list,
>
> I would like to create a Loan Product that has a one installment at the
> end for the total, and the interest, service charge and taxes are deducted
> at the beginning, at front.
> As a discount of paycheck.
> That is possible?
>
> *Example*
>
> Moment 0 -------------------------------------------------------> Moment 1
> Loan: $ 10.000                                                   One time
> Installment: $ 10.000
> Disbursment: $ 8.500
>
> Regards,
> Santiago
>
>
>

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