Manoj created FINERACT-1348: ------------------------------- Summary: Balloon Payment: Fix Principall Portion for each installment to a fixed percentage value Key: FINERACT-1348 URL: https://issues.apache.org/jira/browse/FINERACT-1348 Project: Apache Fineract Issue Type: Improvement Components: Loan Reporter: Manoj Assignee: Manoj
To achive Balloon Payment: For a fixed principal amortization loan, by fixing the Loan term and principal percentage per installment, the remaining principal is added to the last installment and thus the last installment becomes balloon payment. A new settings( parameter) 'fixed principal percentage per installment " to be introduced to loan product as well as Loan application with CRUD changes for the same. fix the principal percentage per installment` in both Flat interest method and Declining balance method schedule -- This message was sent by Atlassian Jira (v8.3.4#803005)