Hi Girish, Interest is calculated next day onwards of the disbursement. Mifos doesn't support what you are expecting.
On Sat, Oct 19, 2019, 5:17 PM Girish Kumar <henagir...@gmail.com> wrote: > Hey there > > I have disbursed a loan, the config is set to interest charged from same > day as disbursed. the same day the loan is disbursed, still, I cannot see > the interest for that day (first repay date too is same as submitted and > disbursed) check the loan on demo site > > > - Pauline Wambui Chege <https://demo.openmf.org/#/viewclient/13> > - new loan -GK(Main Head 000003486) > > > * new loan -GK(#Main Head 000003486)* > Created a loan on the demo (https://demo.openmf.org/#/viewloanaccount/3486 > ) > > The day its disbursed the interest should start ticking. else the firm > losses 1 day interest if the client comes and pays his loan. foreclosure > charges is not an option here. > > anyone out there knows a solution to this. > > Means the interest rate starts from the disbursement day itself (the > config is set so) > > This is creating havoc in my office as the management is a bit serious > about losing a days interest > > Regards > Girish >
