Configuring and running loan accounts in Fineract beyond product setup: interest methods, recalculation, schedules, charges, restructuring, write-off and the newer progressive loan features.
Choosing between declining balance and flat interest for a Fineract loan product: how each changes total interest and installments, equal installments versus equal principal amortization, daily versus period interest calculation and partial period interest.
When to enable interest recalculation on a Fineract loan product: compounding choices, days in year and days in month settings, and what happens to the schedule on prepayment (reschedule next repayments, fewer installments or lower EMI).
Picking the payment application logic that decides how repayments split across principal, interest, fees and penalties: the legacy strategies such as RBI (India) and Mifos style, and when to move to advanced payment allocation instead.
Running loans paid out in tranches: multi-disbursement products, tranche charges, the default principal threshold for the last installment, and full term tranches that amortize each later capture over the full original term on progressive loans.
Setting up Fineract charge products for loans: disbursement, specified due date, installment, overdue and tranche charges, flat and percentage calculations, attaching charges to products or single accounts, and testing how penalties post.
Rescheduling an active loan with the reschedule request flow: extra grace on principal or interest, extra terms, interest rate changes, previewing the new schedule and approval, and how it differs from re-aging on progressive loans.
Designing grace into Fineract loan products: grace on principal, grace on interest payment where interest still accrues, interest-free periods and grace on arrears ageing, with examples of how each changes the schedule.
Keeping repayment dates valid across regions: branch-specific holidays, the reschedule-to date, working day rules, and the global settings that decide whether repayments move and whether transactions are allowed on holidays.
Adding origination fees or interest to principal and recognizing them over the loan term with capitalized income: product configuration, the transaction types and accounting entries it creates, and the progressive loan requirement.
Supporting 0% merchant-subsidized loans with Fineract's buy down fee: collecting the fee upfront, amortizing it into income in the background, accounting entries and why the borrower's schedule stays unchanged.
Terminating a progressive loan contract: accelerating maturity so the outstanding balance is due on the termination date, the business rules and transaction types involved, and how it feeds charge-off and recovery.
Handling bad loans in Fineract: write-off and undo write-off, recovery payments after write-off, charge-off on newer loan types, interest waivers and foreclosure, and the accounting each one posts.
Configuring when a loan becomes a non-performing asset: overdue days for NPA, moving out of NPA only when arrears are cleared, arrears tolerance and grace on arrears ageing, and how these relate to delinquency buckets.
Growing loan sizes with client history: principal, interest rate and repayment count variations by borrower cycle, which products count toward the cycle, and how microfinance lenders use it for graduated lending.
Using loan product mix rules to stop clients from holding conflicting products at the same time, setting them up per product, and where product mix fits next to borrower cycle and credit policy checks.
Recording guarantors and collateral on Fineract loans: internal and external guarantors, guarantee recovery, collateral records and the data an implementation usually adds with data tables.
Linking loans to a base lending rate: floating rate schemes with rate periods, the single base lending rate rule, differentials on products, and what to test when the base rate changes.
Modifying loans after disbursement: approved amount modification on all loan types, backdated interest rate changes on progressive loans including paid installments, and how schedules and events update.
Recording which merchant, broker, affiliate or channel originated each loan with Fineract's loan origination module: configuration, APIs, business events and reporting for revenue sharing.
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