[Mifos-developer] Loan Repayment schedule required on Fix date in every months

[dhiraj jadav]

Dear Team,

I want to Loan Repayment schedule as per select date in every month. But which was i have  generated is showing different date in every month ( i think it's picked a day on every month) , can you please Guide me how can set loan repayment set on Fix date on monthly basis ON JLG loans. Not basis on Day.

If I do not select the day and month in Repay every , then the loan is not being created at all.

 I Have use mifos 21.07. 01

Regards

Dhiraj jadav

[dhiraj jadav]

Can you please Guide me on below issue?? 

Regards 

Dhiraj jadav 

[Bharath Gowda]

Hi Dhiraj,

I understand what you are trying to achieve, but unfortunately, that configuration is not possible in the application yet.

However, if you are not using interest recalculation for your products, you can always adjust the installments dates using the variable installments feature.

this feature will help you alter the installments dates without affecting the interest rate and works as a good workaround for non-interest calculation products.

You can read more about it here:-

https://mifosforge.jira.com/wiki/spaces/docs/pages/111673401/How+to+provide+variable+installments

Regards,

Bharath

Lead Implementation Analyst | Mifos Initiative

Skype: live:cbharath4| Mobile: +91.7019635592

http://mifos.org  

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[dhiraj jadav]

Thank you for your quick response.

But there is no Edit repayment schedule option in  on More>>Edit repayment schedule. attached screenshot for reference.

i am using mifos 21 version.

Regards 

Dhiraj Jadav  

[dhiraj jadav]

 there is no Edit repayment schedule option in   More> >Edit repayment schedule. attached screenshot for reference.

i am using mifos 21 version.

Can anyone please guide how can enable Edit loan Repayment schedule. 

[Bharath Gowda]

Hi Dhiraj,

First, at the product level, there is a configuration check-box labeled "enable variable installments" which has to be checked to enable this feature.

Sorry, I thought the document I shared covered the enabling part of the variable installments, I will update the document accordingly.

Regards,

Bharath

Lead Implementation Analyst | Mifos Initiative

Skype: live:cbharath4| Mobile: +91.7019635592

http://mifos.org  

[dhiraj jadav]

Thank you so much,

Now it is working fine. 

Regards 

Dhiraj jadav 

[dhiraj jadav]

when i have edit Repayment schedule and press on vadite button  through  below error (actually i have not assign any meeting date in center)

validation.msg.loan.variable.schedule.date.not.meeting.date -

Regards,

Dhiraj jadav

[dhiraj jadav]

Team can you please Guide me. On below error. 

[dhiraj jadav]

[Muellners ApS]

 Bharat! Many thanks for your input. We should only use Edit Repayment to edit few repayment dates in a flexible manner, once the system properly performs a loan schedule generation action. Or else, it can leave system susceptible for human errors, corrupts the loan book etc.

 

If the loan schedule screenshot #46 is what the output of the system, this cannot be solved with a configurational change, as what you are seeking is that the system generates a (required) monthly loan behaviour, which it is failing to do right now.

Now, for code level improvements, Dhiraj, you should figure out the relationship b/w Repayment frequency, and loan schedule generator, here are my suggestions; 

1. Account entry mapping 
2. Txn validation and verification of enumeration of Txns 
3. Consistent with different calendar computation methods and framework 
4. Posting of charges and mapping of charges based Txn at the accounting level
5. Ability to change with loan lifecycle status 
6. Consistent with disbursal event computations such as amount calculation. 
7. Repayment frequency criteria is preserved 
8. Upstream code base 
9. Amount calculator and date calculator

UI CHANGES- focus on First repayment date for recurring date 

1. Link between original schedule and revised loan schedule 
2. Ability to reschedule loan 
3. Ability to support Interest Recalculation 
4. Ability to support both flat and reducing interest computation methods 
5. Write a new monthly scheduler It test and add to a generic IT test kit
6. Perform regression testing on existing and developer functional and non functional improvements done in previous iteration

The issue when your undefined "Meeting Date" could not map with the loan schedule can be due to many reasons. You should open another thread for it. Pls call me Ankit.

Thanks

On Sun, Sep 19, 2021 at 9:53 AM dhiraj jadav <jadav....@gmail.com> wrote:

Dear Sir,

thanks for reverting back.

please find attached loan Product screenshot, please check and guide me for resoluation.

Regards,

Dhiraj Jadav 

On Sun, Sep 19, 2021 at 12:36 PM Muellners ApS <an...@muellners.org> wrote:

Dhiraj, can u share more information in the form of screenshots for loan product configuration, and the schedule that got generated? 

I have noticed that loan scheduler may have problems in the release 21.07.01 as it is not properly tested.

There is a recent fix on this subject that we did, but before shipping that, if I were you, I would like to diagnose this problem further, so that product engineering standards are met.

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Ankit
Managing Partner
Muellners Inc

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Managing Partner 

Muellners ApS, Denmark

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This mail is governed by Muellners®  IT policy.
The information contained in this e-mail and any accompanying documents may contain information that is confidential or otherwise protected from disclosure. If you are not the intended recipient of this message, or if this message has been addressed to you in error, please immediately alert the sender by reply e-mail and then delete this message, including any attachments. Any dissemination, distribution or other use of the contents of this message by anyone other than the intended recipient is strictly prohibited. All messages sent to and from this e-mail address may be monitored as permitted by applicable law and regulations to ensure compliance with our internal policies and to protect our business. E-mails are not secure and cannot be guaranteed to be error free as they can be intercepted, amended, lost or destroyed, or contain viruses. You are deemed to have accepted these risks if you communicate with us by e-mail.