[
https://issues.apache.org/jira/browse/FINERACT-37?page=com.atlassian.jira.plugin.system.issuetabpanels:comment-tabpanel&focusedCommentId=15467030#comment-15467030
]
ASF GitHub Bot commented on FINERACT-37:
----------------------------------------
Github user nazeer1100126 commented on the issue:
https://github.com/apache/incubator-fineract/pull/219
I believe we no need to have two boolean variables to extend the term.
1) extendTermForDailyRepayments
2) extendTermForRepaymentsOnHolidays
We can have a single config extendTerm. If this config is enabled,
generateNextRepaymentDate method should return adjusted date
> Support rescheduling repayments on holidays
> -------------------------------------------
>
> Key: FINERACT-37
> URL: https://issues.apache.org/jira/browse/FINERACT-37
> Project: Apache Fineract
> Issue Type: Improvement
> Components: System
> Reporter: James Rowe
> Assignee: Markus Geiss
>
> Our client is currently trying to migrate from their current financial
> software, but one of the configuration options is not present in Fineract.
> The option changes the way Fineract schedules loan repayments. Instead of
> rescheduling a repayment to a different day in the week, holidays would
> reschedule the repayment to the next due date and extend the schedule. For
> example with a holiday like this http://i.imgur.com/Dl8B3DX.png a loan that
> has a repayment fall in the holiday will be rescheduled to the next week and
> the following repayments will be postponed. http://i.imgur.com/l9OfTDm.png
> With this the loan term is extended and the repayment that landed on a
> holiday is repaid on the next due date.
> I already have a proof of concept patch for this, but I think there are some
> issues with it. As such, I would like to work with a developer to discuss the
> best way to implement this, or if you would like, we can just figure out why
> my patch occasionally enters an infinite loop...
> As a related request, the client is looking to have the interest due at this
> repayment to be redistributed across the full loan schedule. I wasn't sure if
> I should include this in this issue report or to make a new one that is
> related to this issue.
--
This message was sent by Atlassian JIRA
(v6.3.4#6332)
