Dayna Harp created FINERACT-131:
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Summary: Allow new loans to clear balances of existing loans (Top
Up Loans)
Key: FINERACT-131
URL: https://issues.apache.org/jira/browse/FINERACT-131
Project: Apache Fineract
Issue Type: Improvement
Reporter: Dayna Harp
Assignee: Markus Geiss
Priority: Minor
https://mifosforge.jira.com/browse/MIFOSX-439
Essentially this is a very straight forward implementation of the top-up loans
principle, whereby the current loan will be paid off using the balance of the
top up loan (once approved/disbursed). The disbursed amount of the top-up loan
will therefore be reduced by the outstanding balance (P+I) of the old loan. The
remainder is treated as a completely new product with a new schedule.
A proposed way to implement this might be to specify whether a certain product
is eligible for topping up and if so, to pull in a list of active loans from
the same client as part of the loan template when setting up the product.
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