Re: [Mifos-users] Loan: Is Advance interest possible on Mifos with lumpsum maturity?

2019-07-04 Thread Jun King Miñon
Hi Santosh/Deepak, Noted on this. Thanks for this information. We will then list this as items for us to include in our current versions then. Thanks and cheers! Regards, Jun King P. Miñon Consultant Software Engineer Core Banking Solutions On Fri, Jul 5, 2019 at 1:12 PM Santosh Math wrote:

Re: Loan: Is Advance interest possible on Mifos with lumpsum maturity?

2019-07-04 Thread Santosh Math
Hi Jun, Advance Interest collection feature is not yet available in Mifos. On Fri, Jul 5, 2019 at 7:34 AM Jun King Miñon wrote: > Hi Everyone, > > We would like to know if anyone has created an advance interest for loan > products with lumpsum at maturity. As an example, let's say your loan > am

Loan: Is Advance interest possible on Mifos with lumpsum maturity?

2019-07-04 Thread Jun King Miñon
Hi Everyone, We would like to know if anyone has created an advance interest for loan products with lumpsum at maturity. As an example, let's say your loan amount is *1,000,000 *with annual interest rate of *16%*, payable in *6 months.* Thus, with advance interest, the amount that the client will