Hi Ed, I documented it here with little more and concise description:
http://mifos.cloud.answerhub.com/questions/2393/how-to-pay-whole-principal-or-whole-principalinter.html?childToView=2394#answer-2394 Related to variable instalment, I will reproduce the scenario and let me come back on that. Thanks Santosh On Tue, Oct 31, 2017 at 9:29 PM, Ed Cable <[email protected]> wrote: > Santosh, > > Could we document that as a solution in AnswerHub? > > Ed > > On Tue, Oct 31, 2017 at 8:25 AM, Santosh Math < > [email protected]> wrote: > >> Hi Ed, >> >> I created one scenario here- all principal only paid at last instalment- >> using moratorium on Principal payment. >> >> https://demo.openmf.org/#/viewloanaccount/1722 >> >> If number of instalments are 'n' and then set moratorium on principal >> payment as 'n-1' >> >> in above link n=4. >> >> >> Thanks >> Santosh >> >> On Tue, Oct 31, 2017 at 7:59 PM, Ed Cable <[email protected]> wrote: >> >>> Santosh or others, >>> >>> I was trying to test out configuration of a bullet loan (all principal >>> or principal/interest) to be repaid in the final installment of the loan. >>> >>> I was going to try two approaches and ended up doing mix of the two to >>> achieve my purpose but I think it could be made easier. >>> >>> *Approach 1: * >>> - Set loan term to # of months for total maturity of loan (i.e. 24 >>> months) >>> - Set # of repayments to 1. >>> >>> Expected: Repayment schedule has the 1 one repayment as the final date >>> in the maturity of the loan >>> >>> Actual: Repayment date is first due after disbursal (i.e. first month). >>> >>> Approach 2: >>> >>> - Create a full schedule >>> - Modify repayment schedule and delete all the payments except the last >>> one and modify installments amount to be total. >>> >>> Expected: successful loan creation >>> >>> Actual: got several different errors even though I had set max gap in >>> installment to be greater than the gap I was testing. >>> >>> validation.msg.loan.variable.schedule.date.must.be.in.min.max.range >>> >>> >>> Blended Approach: >>> >>> - At last I just did what I did in approach 1 and then i modified >>> repayment schedule to adjust the installment date till the maturity date. >>> Originally I thought i had to do find this maturity date on my own but then >>> I realize it was displayed so this isn't too bad. >>> >>> Alternatively one could specify first repayment date as this maturity >>> date too. >>> >>> Is this the approach one should take? >>> >>> -- >>> *Ed Cable* >>> President/CEO, Mifos Initiative >>> [email protected] | Skype: edcable | Mobile: +1.484.477.8649 >>> <(484)%20477-8649> >>> >>> *Collectively Creating a World of 3 Billion Maries | *http://mifos.org >>> <http://facebook.com/mifos> <http://www.twitter.com/mifos> >>> >>> >> > > > -- > *Ed Cable* > President/CEO, Mifos Initiative > [email protected] | Skype: edcable | Mobile: +1.484.477.8649 > > *Collectively Creating a World of 3 Billion Maries | *http://mifos.org > <http://facebook.com/mifos> <http://www.twitter.com/mifos> > >
