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From Shreyaank Byadagi <shreya...@confluxtechnologies.com>
Subject Re: Prepay loan
Date Fri, 30 Sep 2016 11:11:56 GMT
Joan,

Please look into the attached screen shot. Frequency for recalculation
should be "Daily" or "Same as Repayment"

Regards
Shreyaank

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<https://mailtrack.io/install?source=signature&lang=en&referral=shreyaank@confluxtechnologies.com&idSignature=22>

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
>>
>>
>>
>>  Sent with Mailtrack
>> <https://mailtrack.io/install?source=signature&lang=en&referral=shreyaank@confluxtechnologies.com&idSignature=22>
>>
>> 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

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