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https://issues.apache.org/jira/browse/FINERACT-1348?page=com.atlassian.jira.plugin.system.issuetabpanels:all-tabpanel
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Manoj updated FINERACT-1348:
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Summary: Balloon Payment: Fix Principal Portion for each installment to a
fixed percentage value (was: Balloon Payment: Fix Principall Portion for each
installment to a fixed percentage value)
> Balloon Payment: Fix Principal 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
> Priority: Minor
> Attachments: Screenshot 2021-04-17 at 22.58.08.png
>
>
> This is part of inventory financing requirement.
> 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
>
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