Hi All,
I created one loan product with below details.
1) Interest rate type: Declining Balance
2) Frequency of installments: 1 month(s)
3) Grace period type: Principal only grace
4) Grace period duration: 3 installments
When I given loan to client repayment schedule is generated like this
Loan Amount : 8000.0
Disbursal date : 01/03/2012
*Installment**DueDate**Principal**Interest**Fees**Total* 1 02-Jul-2012
0.093.00.093.0201-Aug-20120.093.00.093.0301-Sep-20120.093.00.093.0401-Oct-2012490.793.30.0584.0501-Nov-2012496.487.60.0584.0601-Dec-2012502.281.80.0584.0701-Jan-2013508.175.90.0584.0801-Feb-2013514.070.00.0584.0901-Mar-2013520.064.00.0584.01001-Apr-2013526.157.90.0584.01101-May-2013532.251.80.0584.01201-Jun-2013538.445.60.0584.01301-Jul-2013544.739.30.0584.01401-Aug-2013551.132.90.0584.01502-Sep-2013557.526.50.0584.01601-Oct-2013564.020.00.0584.01701-Nov-2013570.613.40.0584.01802-Dec-2013584.08.00.0592.0
But I expected repayment schedule like this
Loan Amount : 8000.0
Disbursal date : 01/03/2012
*Installment**DueDate**Principal**Interest**Fees**Total* 1
02-Apr-2012
0.093.00.093.0201-May-20120.093.00.093.0301-Jun-20120.093.00.093.0401-July-2012490.793.30.0584.0501-Aug-2012496.487.60.0584.0601-Sep-2012502.281.80.0584.0701-Oct-2012508.175.90.0584.0801-Nov-2012514.070.00.0584.0901-Dec-2012520.064.00.0584.01001-Jan-2013526.157.90.0584.01101-Feb-2013532.251.80.0584.01201-Mar-2013538.445.60.0584.01301-Apr-2013544.739.30.0584.01401-May-2013551.132.90.0584.01502-Jun-2013557.526.50.0584.01601-Jul-2013564.020.00.0584.01701-Aug-2013570.613.40.0584.01802-Sep-2013584.08.00.0592.0
Please help me how to do this one
--
Thanks and Regards,
Ramesh.A.Nayak| Software Engineer @ ConfluxTechnologies | Address :#412,
20th Main,Chord Road 1st Block Rajajinagar Bengaluru,Karnataka-560010 |
Email :[email protected] | website:
www.Confluxtechnologies.com <http://www.confluxtechnologies.com/> |
Contact Number - Mob : +919739317276.
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