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From Joan Manuel Miranda Guzman <j.miranda0...@gmail.com>
Subject Re: Prepay loan
Date Thu, 06 Oct 2016 10:08:33 GMT
Hello Shreyaank,

Did you receive my last email?

Thanks!

On Mon, Oct 3, 2016 at 6:51 AM, Joan Manuel Miranda Guzman <
j.miranda0892@gmail.com> wrote:

> Hello Shreyaank,
>
> Where does i have to set up the Rest Frequency?
> [image: Inline image 1]
>
> [image: Inline image 2]
>
> On Fri, Sep 30, 2016 at 7:13 AM, Shreyaank Byadagi <shreyaank@
> confluxtechnologies.com> wrote:
>
>> Joan,
>>
>> In your scenario Rest Frequency should be "Daily".
>>
>> Regards
>> Shreyaank
>>
>>
>>
>>  Sent with Mailtrack
>> <https://mailtrack.io/install?source=signature&lang=en&referral=shreyaank@confluxtechnologies.com&idSignature=22>
>>
>> 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
>>>
>>>  Sent with Mailtrack
>>> <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
>>>
>>>
>>
>>
>> --
>> Thanks and Regards
>> Shreyaank
>> E-mail:shreyaank@confluxtechnologies.com
>>
>>
>

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