Examples of org.mifosplatform.portfolio.loanaccount.loanschedule.domain.DecliningBalanceInterestLoanScheduleGenerator

org.mifosplatform.portfolio.loanaccount.loanschedule.domain.DecliningBalanceInterestLoanScheduleGenerator

Declining balance can be amortized (see {@link AmortizationMethod}) in two ways at present:

Equal principal payments
Equal installment payments

When amortized using equal principal payments, the principal component of each installment is fixed and interest due is calculated from the outstanding principal balance resulting in a different total payment due for each installment.

When amortized using equal installments, the total payment due for each installment is fixed and is calculated using the excel like pmt function. The interest due is calculated from the outstanding principal balance which results in a principal component that is total payment due minus interest due.


        LoanRescheduleModel loanRescheduleModel = null;


        switch (interestMethod) {
            case DECLINING_BALANCE:
                loanRescheduleModel = new DecliningBalanceInterestLoanScheduleGenerator().reschedule(mathContext, loanRescheduleRequest,
                        applicationCurrency, holidayDetailDTO);
            break;


            case FLAT:
                loanRescheduleModel = new FlatInterestLoanScheduleGenerator().reschedule(mathContext, loanRescheduleRequest,

Examples of org.mifosplatform.portfolio.loanaccount.loanschedule.domain.DecliningBalanceInterestLoanScheduleGenerator

Related Classes of org.mifosplatform.portfolio.loanaccount.loanschedule.domain.DecliningBalanceInterestLoanScheduleGenerator