This is just like a process of re scheduling the loan but is sounds as good.
I suggest to give another loan instead of .....
All loans are given is called a term loans
On Thu, Sep 11, 2014 at 3:40 PM, Binny Gopinath Sreevas <
binny.gopin...@gmail.com> wrote:
> Hi Nayan,
>
> Can you give more details on the functionality of top-up loans?
>
> a) Will the number of installments remain the same or will it increase with
> every top up? If increasing, then will the installment amount remain the
> same - the period would just extend?
> b) Can any amount be added as top-up (subject to condition that today
> outstanding cannot exceed a certain amount)?
> c) Could you give an example in an excel sheet with repayments (with
> interest and principal splits) before and after topping up?
>
> Thanks
> Binny
>
>
>
> -----Original Message-----
> From: Nayan Ambali [mailto:nayan.amb...@gmail.com]
> Sent: 11 September 2014 06:17
> To: Mifos software development; A good place to start for users or folks
> new
> to Mifos.
> Subject: [Mifos-developer] Can tranche loan act as top up loan?
>
> Hello Binny/Pramod,
>
> I have requirement where MFI wants top up loans, can tranche loan be
> used as top up loans? I mean a tranche can be added ad-hoc instead of
> defining them in the beginning of the loan?
>
> If not, should I extended the tranche to support top up loans? or
> build separate product line for top loans?
>
> Thanks and Regards,
> Nayan Ambali
> +91 9591996042
> skype: nayangambali
>
>
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--
AMIT JAIN | E.D | Digamber Finance (Chota Loan Bade Sapne) | +919414041821
|
------------------------------------------------------------------------------
Want excitement?
Manually upgrade your production database.
When you want reliability, choose Perforce
Perforce version control. Predictably reliable.
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