/**
* This Source Code Form is subject to the terms of the Mozilla Public
* License, v. 2.0. If a copy of the MPL was not distributed with this file,
* You can obtain one at http://mozilla.org/MPL/2.0/.
*/
package org.mifosplatform.portfolio.loanaccount.domain.transactionprocessor.impl;
import java.util.List;
import org.joda.time.LocalDate;
import org.mifosplatform.organisation.monetary.domain.MonetaryCurrency;
import org.mifosplatform.organisation.monetary.domain.Money;
import org.mifosplatform.portfolio.loanaccount.domain.LoanRepaymentScheduleInstallment;
import org.mifosplatform.portfolio.loanaccount.domain.LoanTransaction;
import org.mifosplatform.portfolio.loanaccount.domain.transactionprocessor.AbstractLoanRepaymentScheduleTransactionProcessor;
import org.mifosplatform.portfolio.loanaccount.domain.transactionprocessor.LoanRepaymentScheduleTransactionProcessor;
/**
* Adhikar/RBI style {@link LoanRepaymentScheduleTransactionProcessor}.
*
* From https://mifosforge.jira.com/browse/MIFOS-5636:
*
* Per RBI regulations, all interest must be paid (both current and overdue)
* before principal is paid.
*
* For example on a loan with two installments due (one current and one overdue)
* of 220 each (200 principal + 20 interest):
*
* Partial Payment of 40 20 Payment to interest on Installment #1 (200 principal
* remaining) 20 Payment to interest on Installment #2 (200 principal remaining)
*/
public class RBILoanRepaymentScheduleTransactionProcessor extends AbstractLoanRepaymentScheduleTransactionProcessor {
/**
* For creocore, early is defined as any date before the installment due
* date
*/
@SuppressWarnings("unused")
@Override
protected boolean isTransactionInAdvanceOfInstallment(final int currentInstallmentIndex,
final List<LoanRepaymentScheduleInstallment> installments, final LocalDate transactionDate, final Money transactionAmount) {
final LoanRepaymentScheduleInstallment currentInstallment = installments.get(currentInstallmentIndex);
return transactionDate.isBefore(currentInstallment.getDueDate());
}
/**
* For early/'in advance' repayments, pays off principal component only.
*/
@SuppressWarnings("unused")
@Override
protected Money handleTransactionThatIsPaymentInAdvanceOfInstallment(final LoanRepaymentScheduleInstallment currentInstallment,
final List<LoanRepaymentScheduleInstallment> installments, final LoanTransaction loanTransaction,
final LocalDate transactionDate, final Money paymentInAdvance) {
return handleTransactionThatIsOnTimePaymentOfInstallment(currentInstallment, loanTransaction, paymentInAdvance);
}
/**
* For late repayments, pay off in the same way as on-time payments,
* interest first then principal.
*/
@Override
protected Money handleTransactionThatIsALateRepaymentOfInstallment(final LoanRepaymentScheduleInstallment currentInstallment,
final List<LoanRepaymentScheduleInstallment> installments, final LoanTransaction loanTransaction,
final Money transactionAmountUnprocessed) {
// pay of overdue and current interest due given transaction date
final LocalDate transactionDate = loanTransaction.getTransactionDate();
final MonetaryCurrency currency = transactionAmountUnprocessed.getCurrency();
Money transactionAmountRemaining = transactionAmountUnprocessed;
Money interestWaivedPortion = Money.zero(currency);
Money feeChargesPortion = Money.zero(currency);
Money penaltyChargesPortion = Money.zero(currency);
if (loanTransaction.isInterestWaiver()) {
interestWaivedPortion = currentInstallment.waiveInterestComponent(transactionDate, transactionAmountRemaining);
transactionAmountRemaining = transactionAmountRemaining.minus(interestWaivedPortion);
final Money principalPortion = Money.zero(transactionAmountRemaining.getCurrency());
loanTransaction.updateComponents(principalPortion, interestWaivedPortion, feeChargesPortion, penaltyChargesPortion);
} else if (loanTransaction.isChargePayment()) {
final Money principalPortion = Money.zero(currency);
final Money interestPortion = Money.zero(currency);
if (loanTransaction.isPenaltyPayment()) {
penaltyChargesPortion = currentInstallment.payPenaltyChargesComponent(transactionDate, transactionAmountRemaining);
transactionAmountRemaining = transactionAmountRemaining.minus(penaltyChargesPortion);
} else {
feeChargesPortion = currentInstallment.payFeeChargesComponent(transactionDate, transactionAmountRemaining);
transactionAmountRemaining = transactionAmountRemaining.minus(feeChargesPortion);
}
loanTransaction.updateComponents(principalPortion, interestPortion, feeChargesPortion, penaltyChargesPortion);
} else {
final LoanRepaymentScheduleInstallment currentInstallmentBasedOnTransactionDate = nearestInstallment(
loanTransaction.getTransactionDate(), installments);
for (final LoanRepaymentScheduleInstallment installment : installments) {
if (installment.isInterestDue(currency)
&& (installment.isOverdueOn(loanTransaction.getTransactionDate()) || installment.getInstallmentNumber().equals(
currentInstallmentBasedOnTransactionDate.getInstallmentNumber()))) {
penaltyChargesPortion = currentInstallment.payPenaltyChargesComponent(transactionDate, transactionAmountRemaining);
transactionAmountRemaining = transactionAmountRemaining.minus(penaltyChargesPortion);
feeChargesPortion = currentInstallment.payFeeChargesComponent(transactionDate, transactionAmountRemaining);
transactionAmountRemaining = transactionAmountRemaining.minus(feeChargesPortion);
final Money interestPortion = installment.payInterestComponent(transactionDate, transactionAmountRemaining);
transactionAmountRemaining = transactionAmountRemaining.minus(interestPortion);
final Money principalPortion = Money.zero(currency);
loanTransaction.updateComponents(principalPortion, interestPortion, Money.zero(currency), Money.zero(currency));
}
}
// With whatever is remaining, pay off principal components of
// installments
for (final LoanRepaymentScheduleInstallment installment : installments) {
if (installment.isPrincipalNotCompleted(currency) && transactionAmountRemaining.isGreaterThanZero()) {
final Money principalPortion = installment.payPrincipalComponent(transactionDate, transactionAmountRemaining);
transactionAmountRemaining = transactionAmountRemaining.minus(principalPortion);
final Money interestPortion = Money.zero(currency);
loanTransaction.updateComponents(principalPortion, interestPortion, Money.zero(currency), Money.zero(currency));
}
}
}
return transactionAmountRemaining;
}
private LoanRepaymentScheduleInstallment nearestInstallment(final LocalDate transactionDate,
final List<LoanRepaymentScheduleInstallment> installments) {
LoanRepaymentScheduleInstallment nearest = installments.get(0);
for (final LoanRepaymentScheduleInstallment installment : installments) {
if (installment.getDueDate().isBefore(transactionDate) || installment.getDueDate().isEqual(transactionDate)) {
nearest = installment;
} else if (installment.getDueDate().isAfter(transactionDate)) {
break;
}
}
return nearest;
}
/**
* For normal on-time repayments, pays off interest first, then principal.
*/
@Override
protected Money handleTransactionThatIsOnTimePaymentOfInstallment(final LoanRepaymentScheduleInstallment currentInstallment,
final LoanTransaction loanTransaction, final Money transactionAmountUnprocessed) {
final LocalDate transactionDate = loanTransaction.getTransactionDate();
final MonetaryCurrency currency = transactionAmountUnprocessed.getCurrency();
Money transactionAmountRemaining = transactionAmountUnprocessed;
Money principalPortion = Money.zero(transactionAmountRemaining.getCurrency());
Money interestPortion = Money.zero(transactionAmountRemaining.getCurrency());
Money feeChargesPortion = Money.zero(transactionAmountRemaining.getCurrency());
Money penaltyChargesPortion = Money.zero(transactionAmountRemaining.getCurrency());
if (loanTransaction.isChargesWaiver()) {
penaltyChargesPortion = currentInstallment.waivePenaltyChargesComponent(transactionDate,
loanTransaction.getPenaltyChargesPortion(currency));
transactionAmountRemaining = transactionAmountRemaining.minus(penaltyChargesPortion);
feeChargesPortion = currentInstallment
.waiveFeeChargesComponent(transactionDate, loanTransaction.getFeeChargesPortion(currency));
transactionAmountRemaining = transactionAmountRemaining.minus(feeChargesPortion);
} else if (loanTransaction.isInterestWaiver()) {
interestPortion = currentInstallment.waiveInterestComponent(transactionDate, transactionAmountRemaining);
transactionAmountRemaining = transactionAmountRemaining.minus(interestPortion);
} else if (loanTransaction.isChargePayment()) {
if (loanTransaction.isPenaltyPayment()) {
penaltyChargesPortion = currentInstallment.payPenaltyChargesComponent(transactionDate, transactionAmountRemaining);
transactionAmountRemaining = transactionAmountRemaining.minus(penaltyChargesPortion);
} else {
feeChargesPortion = currentInstallment.payFeeChargesComponent(transactionDate, transactionAmountRemaining);
transactionAmountRemaining = transactionAmountRemaining.minus(feeChargesPortion);
}
} else {
penaltyChargesPortion = currentInstallment.payPenaltyChargesComponent(transactionDate, transactionAmountRemaining);
transactionAmountRemaining = transactionAmountRemaining.minus(penaltyChargesPortion);
feeChargesPortion = currentInstallment.payFeeChargesComponent(transactionDate, transactionAmountRemaining);
transactionAmountRemaining = transactionAmountRemaining.minus(feeChargesPortion);
interestPortion = currentInstallment.payInterestComponent(transactionDate, transactionAmountRemaining);
transactionAmountRemaining = transactionAmountRemaining.minus(interestPortion);
principalPortion = currentInstallment.payPrincipalComponent(transactionDate, transactionAmountRemaining);
transactionAmountRemaining = transactionAmountRemaining.minus(principalPortion);
}
loanTransaction.updateComponents(principalPortion, interestPortion, feeChargesPortion, penaltyChargesPortion);
return transactionAmountRemaining;
}
@SuppressWarnings("unused")
@Override
protected void onLoanOverpayment(final LoanTransaction loanTransaction, final Money loanOverPaymentAmount) {
// dont do anything for with loan over-payment
}
@Override
public boolean isInterestFirstRepaymentScheduleTransactionProcessor() {
return true;
}
}