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From Shreyaank Byadagi <shreya...@confluxtechnologies.com>
Subject Re: Prepay loan
Date Fri, 30 Sep 2016 11:13:02 GMT
Joan,

In your scenario Rest Frequency should be "Daily".

Regards
Shreyaank



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On Fri, Sep 30, 2016 at 4:41 PM, Shreyaank Byadagi <
shreyaank@confluxtechnologies.com> wrote:

> Joan,
>
> Please look into the attached screen shot. Frequency for recalculation
> should be "Daily" or "Same as Repayment"
>
> Regards
> Shreyaank
>
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>
> On Fri, Sep 30, 2016 at 4:09 PM, Joan Manuel Miranda Guzman <
> j.miranda0892@gmail.com> wrote:
>
>> Hello Shereyaank Byadagi,
>>
>> Ok now i understand the difference, I have created on demo version the
>> loan account 000000020, but when i click on prepay loan  the transaction
>> amount show me: 2,601.64
>> [image: Inline image 1]
>> Can you please check, is the rest frequency monthly? how can i change it?
>>
>>
>> Thanks!
>>
>> On Fri, Sep 30, 2016 at 1:07 AM, Shreyaank Byadagi <
>> shreyaank@confluxtechnologies.com> wrote:
>>
>>> Hi Joan,
>>>
>>> If the Pre-closure interest calculation rule is set as Calculate till
>>> preclosure date,
>>> Loan disbursement is on 01 Jan 2016 and preclosure date is on 15 Jan
>>> 2016, (if rest frequency is defined as same as repayment date and loan is
>>> monthly loan) then interest will get calculate from 01 Jan to 14 Jan.
>>>
>>> If the Pre-closure interest calculation rule is set as Calculate till
>>> rest frequency date then
>>> Loan disbursement is on 01 Jan 2016 and preclosure date is on 15 Jan
>>> 2016, (if rest frequency is defined as same as repayment date and loan is
>>> monthly loan) then interest will get calculate from 01 Jan to 31 Jan.
>>>
>>> Please see the example in demo version, loan account 000000016 and
>>> 000000017.
>>> https://demo.openmf.org/#/viewclient/6
>>>
>>> In your example the rest frequency is monthly, so it is collecting the
>>> full month interest.
>>>
>>> Regards
>>> Shreyaank
>>>
>>>
>>>
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>>>
>>> On Thu, Sep 29, 2016 at 6:28 PM, Joan Manuel Miranda Guzman <
>>> j.miranda0892@gmail.com> wrote:
>>>
>>>> Hello Shreyaank,
>>>>
>>>> What is the diference between "Calculate till pre closure date " and " Calculate
>>>> till  rest frequency date"
>>>>
>>>> I have created one but is not working, can you please check:
>>>> https://autodom.openmf.org,
>>>> username: mifos
>>>> password: password
>>>>
>>>> The product is called: Prepayloan.
>>>>
>>>> I have set  it to the 00000006 client, but if i try to prepay it it
>>>> shows me an transaction amount of 2600, when the principal was 2000, is
>>>> calculating all the interest.
>>>>
>>>>
>>>>
>>>> Thanks!!
>>>>
>>>> On Wed, Sep 28, 2016 at 7:35 AM, Shreyaank Byadagi <
>>>> shreyaank@confluxtechnologies.com> wrote:
>>>>
>>>>> Joan,
>>>>>
>>>>> ‚ÄčIf the loan is without interest recalculation enabled then you can
>>>>> foreclose the loan,
>>>>> If the loan is with interest recalculation enabled, while creating the
>>>>> loan product there is an option for "Pre-closure interest calculation
>>>>> rule", there you select "Calculate till pre closure date" from the drop
>>>>> down.
>>>>>
>>>>> Regards
>>>>> Shreyaank
>>>>>
>>>>>
>>>>>
>>>>>  Sent with Mailtrack
>>>>> <https://mailtrack.io/install?source=signature&lang=en&referral=shreyaank@confluxtechnologies.com&idSignature=22>
>>>>>
>>>>> On Wed, Sep 28, 2016 at 4:54 PM, Shreyaank Byadagi <
>>>>> shreyaank@confluxtechnologies.com> wrote:
>>>>>
>>>>>> Hi Joan,
>>>>>>
>>>>>> I just wanted to know whether  you are enabled interest recalculation?
>>>>>> Are you closing the loan after 15th day of disbursement or you are
>>>>>> just making a loan repayment?
>>>>>>
>>>>>> Regards
>>>>>> Shreyaank
>>>>>>
>>>>>>
>>>>>>
>>>>>> On Wed, Sep 28, 2016 at 4:26 PM, Joan Manuel Miranda Guzman <
>>>>>> j.miranda0892@gmail.com> wrote:
>>>>>>
>>>>>>> Im trying to create a new loan product, an 1 monthly repayment
loan
>>>>>>> for 12 months, but if the client pays after 15 days of disbursement
 only
>>>>>>> the interest until day 15 ll be charged.
>>>>>>>
>>>>>>> Can somebody help me with
>>>>>>>
>>>>>>>
>>>>>>
>>>>>>
>>>>>> --
>>>>>> Thanks and Regards
>>>>>> Shreyaank
>>>>>> E-mail:shreyaank@confluxtechnologies.com
>>>>>>
>>>>>>
>>>>>
>>>>>
>>>>> --
>>>>> Thanks and Regards
>>>>> Shreyaank
>>>>> E-mail:shreyaank@confluxtechnologies.com
>>>>>
>>>>>
>>>>
>>>
>>>
>>> --
>>> Thanks and Regards
>>> Shreyaank
>>> E-mail:shreyaank@confluxtechnologies.com
>>>
>>>
>>
>
>
> --
> Thanks and Regards
> Shreyaank
> E-mail:shreyaank@confluxtechnologies.com
>
>


-- 
Thanks and Regards
Shreyaank
E-mail:shreyaank@confluxtechnologies.com

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