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Re: [Mifos-developer] Penalties charge time


Hello Sifiso, 

The penalties are charged per each overdue installment. so does arrears. For your case you should raise the ticket in Jira for a new feature. 

Regards, 

Nenge. 


From: "Santosh Math" <santosh@xxxxxxxxxxxxxxxxxxxxxxx> 
To: "Mifos software development" <mifos-developer@xxxxxxxxxxxxxxxxxxxxx> 
Cc: mifos-user@xxxxxxxxxxxxxxxxxxxxx, "dev" <dev@xxxxxxxxxxxxxxxxxxx> 
Sent: Thursday, May 24, 2018 2:15:10 PM 
Subject: Re: [Mifos-developer] Penalties charge time 

Hi Sifiso, 

Did you try 'Penalty Wait Period' in System>Configurations? 



On Thu, May 24, 2018 at 4:20 PM, < [ mailto:sifiso@xxxxxxxxxxxxxxxxxx | sifiso@xxxxxxxxxxxxxxxxxx ] > wrote: 





Hi guys, 



Penalties are charging every time a client skips a repayment. We need it to charge the penalty only after the loan matures if the loan hasn’t been paid off in full. The arrears tolerance in the loan product are already set as 7. But it's charging 7 days after someone skips a payment and not 7 days after the 5 weeks have elapsed. 



Kind regards. 

Sifiso 

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Thanks & Regards 




Santosh Math 

QA Engineer 

[ http://www.confluxtechnologies.com/ | Conflux Technologies Pvt Ltd ] 
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