Re: [Mifos-users] Explanation about Interest Calculation

Hi Adi, Thanks, now added on JIRA: https://issues.apache.org/jira/browse/FINERACT-59 S Sander van der Heyden CTO Musoni Services Mobile (NL): +31 (0)6 14239505 Skype: s.vdheyden Website: musonisystem.com Follow us on Twitter! Postal address: Hillegomstraat

Re: [Mifos-users] Explanation about Interest Calculation

Hi Sander, Changes are done in sync with our initial discussion for "same as repayment" option. It's working fine for declining balance loans. It's not working in case of flat loans, which is a bug. Please raise an issue(for tracking) and we will provide a fix. Regards, Adi On 02-Mar-2016 3:42 pm

Re: [Mifos-users] Explanation about Interest Calculation

Hi George, I completely agree, from our end one of the key reasons people use flat interest loans (or essentially all fixed schedule loans) is that you can have standardised products, repayment amounts etc. And this change diverts away from it, and therefore for the cases we've tested so far, we a

Re: [Mifos-users] Explanation about Interest Calculation

Hello Sander exactly as you mentioned, this is a weird behaviour for our loan as we can't tell our clients that your last repayment would change based on when our finance would disburse your loan right? it should be something really fixed Another question also is that the person doing data en

Re: [Mifos-users] Explanation about Interest Calculation

m9yZw==> > Date: Tue, Mar 1, 2016 at 8:45 AM Subject: Re: [Mifos-users] Explanation about Interest Calculation To: "A good place to start for users or folks new to Mifos." < mifos-users@lists.sourceforge.net <https://web.chilipiper.com/link/mifos.org/56

Re: [Mifos-users] Explanation about Interest Calculation

Can you please raise a JIRA issue on FINERACT? > > > > Regards, > > Adi > > > > *From:* Sander van der Heyden [mailto:sandervanderhey...@musoni.eu] > *Sent:* 01 March 2016 13:16 > *To:* A good place to start for users or folks new to Mifos. < > mifos-users@lists.sourcefo

Re: [Mifos-users] Explanation about Interest Calculation

for users or folks new to Mifos. Cc: Mifos Users Subject: Re: [Mifos-users] Explanation about Interest Calculation Hi Subramanya, George This is what was also discussed a while back when this rebuild was introduced where we were assured then that it would not change for flat loans

Re: [Mifos-users] Explanation about Interest Calculation

Hi Subramanya, George This is what was also discussed a while back when this rebuild was introduced where we were assured then that it would not change for flat loans. However testing this through from my end this looks like this is still breaking existing functionality for upgrading users (we are

Re: [Mifos-users] Explanation about Interest Calculation

Thank you subramanya for the detailed explanation, that explains it i think i found it weird because we work with bank disbursements (cheques) and usually people doing data entry don't know when the disbursement exact date would be so when doing data entry what we do in Mifos 2.6 is that they en

Re: [Mifos-users] Explanation about Interest Calculation

Hi Georges Lteif, In the above scenarios interest calculation will go in this way, You have selected Interest Calculation Period as Same as repayment, here the interest calculation with respect to periods need to be considered. Also Since first repayment date is defined by you because of that loan

Re: [Mifos-users] Explanation about Interest Calculation

Hello Vishwas all our loans are with flat interest i replicated the scenarios -found on mifos test server under client with my Name (George Mitri Lteif) loans IDS are IL1300216 IL1300215 IL1300214 *its like the interest changes whenever you change he first repayment date* On Tuesday

Re: [Mifos-users] Explanation about Interest Calculation

George , Could you please replicate the same on the demo servers and share the loan ID's ? If you are using declining balance interest calculation, manually changing the first scheduled repayment date would result in a corresponding adjustment to the interest calculated over the duration of t