Hi
Mifos does not calculate the interest on the outstanding balance of a loan
at the end of the loan schedule tenure, how is it being currently dealt *by
other customers.
*I'm aware of rescheduling and closing a loan, is there any other option
other than these to charge interest on over due amount ?
*
*Here is an example
No: of installments: 10
Installments paid: 8
Customer is due for 9 & 10 installment
In real scenario, customer is charged with Interest & penalty on the
overdue installments for certain period ex. for next 6 months* and loan
will be considered as NPA after 6 months of overdue.
Regard,*
*HT Team*
*www.hugotechnologies.com*
Phone : +91 40-65141823 | Skype: hugo.technologies
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