Joan, In your scenario Rest Frequency should be "Daily".
Regards Shreyaank Sent with Mailtrack <https://mailtrack.io/install?source=signature&lang=en&referral=shreya...@confluxtechnologies.com&idSignature=22> On Fri, Sep 30, 2016 at 4:41 PM, Shreyaank Byadagi < shreya...@confluxtechnologies.com> wrote: > Joan, > > Please look into the attached screen shot. Frequency for recalculation > should be "Daily" or "Same as Repayment" > > Regards > Shreyaank > > Sent with Mailtrack > <https://mailtrack.io/install?source=signature&lang=en&referral=shreya...@confluxtechnologies.com&idSignature=22> > > On Fri, Sep 30, 2016 at 4:09 PM, Joan Manuel Miranda Guzman < > j.miranda0...@gmail.com> wrote: > >> Hello Shereyaank Byadagi, >> >> Ok now i understand the difference, I have created on demo version the >> loan account 000000020, but when i click on prepay loan the transaction >> amount show me: 2,601.64 >> [image: Inline image 1] >> Can you please check, is the rest frequency monthly? how can i change it? >> >> >> Thanks! >> >> On Fri, Sep 30, 2016 at 1:07 AM, Shreyaank Byadagi < >> shreya...@confluxtechnologies.com> wrote: >> >>> Hi Joan, >>> >>> If the Pre-closure interest calculation rule is set as Calculate till >>> preclosure date, >>> Loan disbursement is on 01 Jan 2016 and preclosure date is on 15 Jan >>> 2016, (if rest frequency is defined as same as repayment date and loan is >>> monthly loan) then interest will get calculate from 01 Jan to 14 Jan. >>> >>> If the Pre-closure interest calculation rule is set as Calculate till >>> rest frequency date then >>> Loan disbursement is on 01 Jan 2016 and preclosure date is on 15 Jan >>> 2016, (if rest frequency is defined as same as repayment date and loan is >>> monthly loan) then interest will get calculate from 01 Jan to 31 Jan. >>> >>> Please see the example in demo version, loan account 000000016 and >>> 000000017. >>> https://demo.openmf.org/#/viewclient/6 >>> >>> In your example the rest frequency is monthly, so it is collecting the >>> full month interest. >>> >>> Regards >>> Shreyaank >>> >>> >>> >>> Sent with Mailtrack >>> <https://mailtrack.io/install?source=signature&lang=en&referral=shreya...@confluxtechnologies.com&idSignature=22> >>> >>> On Thu, Sep 29, 2016 at 6:28 PM, Joan Manuel Miranda Guzman < >>> j.miranda0...@gmail.com> wrote: >>> >>>> Hello Shreyaank, >>>> >>>> What is the diference between "Calculate till pre closure date " and " >>>> Calculate >>>> till rest frequency date" >>>> >>>> I have created one but is not working, can you please check: >>>> https://autodom.openmf.org, >>>> username: mifos >>>> password: password >>>> >>>> The product is called: Prepayloan. >>>> >>>> I have set it to the 00000006 client, but if i try to prepay it it >>>> shows me an transaction amount of 2600, when the principal was 2000, is >>>> calculating all the interest. >>>> >>>> >>>> >>>> Thanks!! >>>> >>>> On Wed, Sep 28, 2016 at 7:35 AM, Shreyaank Byadagi < >>>> shreya...@confluxtechnologies.com> wrote: >>>> >>>>> Joan, >>>>> >>>>> If the loan is without interest recalculation enabled then you can >>>>> foreclose the loan, >>>>> If the loan is with interest recalculation enabled, while creating the >>>>> loan product there is an option for "Pre-closure interest calculation >>>>> rule", there you select "Calculate till pre closure date" from the drop >>>>> down. >>>>> >>>>> Regards >>>>> Shreyaank >>>>> >>>>> >>>>> >>>>> Sent with Mailtrack >>>>> <https://mailtrack.io/install?source=signature&lang=en&referral=shreya...@confluxtechnologies.com&idSignature=22> >>>>> >>>>> On Wed, Sep 28, 2016 at 4:54 PM, Shreyaank Byadagi < >>>>> shreya...@confluxtechnologies.com> wrote: >>>>> >>>>>> Hi Joan, >>>>>> >>>>>> I just wanted to know whether you are enabled interest recalculation? >>>>>> Are you closing the loan after 15th day of disbursement or you are >>>>>> just making a loan repayment? >>>>>> >>>>>> Regards >>>>>> Shreyaank >>>>>> >>>>>> >>>>>> >>>>>> On Wed, Sep 28, 2016 at 4:26 PM, Joan Manuel Miranda Guzman < >>>>>> j.miranda0...@gmail.com> wrote: >>>>>> >>>>>>> Im trying to create a new loan product, an 1 monthly repayment loan >>>>>>> for 12 months, but if the client pays after 15 days of disbursement >>>>>>> only >>>>>>> the interest until day 15 ll be charged. >>>>>>> >>>>>>> Can somebody help me with >>>>>>> >>>>>>> >>>>>> >>>>>> >>>>>> -- >>>>>> Thanks and Regards >>>>>> Shreyaank >>>>>> E-mail:shreya...@confluxtechnologies.com >>>>>> >>>>>> >>>>> >>>>> >>>>> -- >>>>> Thanks and Regards >>>>> Shreyaank >>>>> E-mail:shreya...@confluxtechnologies.com >>>>> >>>>> >>>> >>> >>> >>> -- >>> Thanks and Regards >>> Shreyaank >>> E-mail:shreya...@confluxtechnologies.com >>> >>> >> > > > -- > Thanks and Regards > Shreyaank > E-mail:shreya...@confluxtechnologies.com > > -- Thanks and Regards Shreyaank E-mail:shreya...@confluxtechnologies.com
