Defining Grace period

Dear all,
I am creating a loan product in mifos, but stuck in how to define grace period. i have requirement for following scenario.

Case I: Penalty will charged to client after 37 days when he/she missed the installment payment day.

please, help me to define grace period of 37 days in loan product

Best Regards

Pabindra Kunwar

Hi,

Go to Admin>System>Configuration and search for ‘Penalty Wait Period’. Enable it and edit it for 37 days.

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Thanks & Regards

Santosh Math

QA Engineer

Conflux Technologies Pvt Ltd

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