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From Mifos Community Support <>
Subject Re: Configuring Penalty Charge depending on loan's interest rate
Date Fri, 30 Dec 2016 04:22:30 GMT
Hi Lionel,

I'm not able to view the image, can you please attach the image and resend
the mail again.

On Thu, Dec 29, 2016 at 8:26 PM, Lionel Raymundi - Poincenot <> wrote:

> Hello again list,
> According to our business definition, we should charge penalties for
> unpaid overdued installments as follows:
> Every overdue day, charge (installment capital) * (daily interest rate *
> 1.5)
> I know I can configure the penalty as "percentage of amount". The problem
> is that I cant set a fixed value on "amount", as it depends on the loan's
> nominal interest rate (which is not the same for every loan). Maybe the
> following image can clarify this
> [image: Imágenes integradas 1]
> How can I configure something like that?
> I was thinking on a new Charge Calculation type as "% Amount * Interest
> rate". Is this the only way or is there a better solution?
> Thanks in advance
> Lionel

Thanks and regards,
Mifos Community Support

*Conflux Technologies Pvt Ltd <> *

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