Dear Sangamesh,
In this case, how could credit officer calculate, how much interest he
must waive and how much principal to prepay?
Thenks Aleksandre
On Mon, Jan 25, 2016 at 4:05 PM, Sangamesh Nadagoudar <
sangam...@confluxtechnologies.com> wrote:
> Hello Tengiz,
>
> Please find my answer i
Dear Sangamesh,
It's clear, but for example , when client wants to pay in advance for 3-4
payments , then he must pay principal of these payments + 2% of this
principal, so credit officer waives current interest of these period (he
has to compute the sum of the interests for the given period by
Hello,
Mifos calculates the interest amount automatically, Once the loan account
is created you could go to Repayment schedule, it will show the principal
amount + interest amount = Instalment amount. And also when you use waive
interest feature it will automatically show the next instalment's int
Hello Tengiz,
Please find my answer in lined below:-
I was not able to make a prepayment charge (when client pays in advance).
If a client repays the principal before the due date, he should not pay
interest an is charged with a 2% of principal in advance.
How can I apply this type of charge to a
