Broken Period Interest

What is broken period interest
Calcultion of the Broken Period Interest

Service Used: sublan_eligibility.broken_period_interest

Keys used in this section are

Logic: Calculation of broken period interest

collect
-----------
collect - Defaults to no.

end_date
------------
end_date = accural_date
check the accrual date is present in the loan, if not return error   

start_date
------------
start_date = setup_date
check the setup date is present in the loan_details, if not return error
 
broken_period_interest 
----------
Calculate Broken period interest using sanction_amount, start_date, end_date, interest_rate

days
-----------
Difference between end_date and start_date
 

Output :

  "broken_period_interest"    =>  array(8) 
                [
                    "debug"                  =>  array(2) 
                    "skip"                   => string(2) "no"
                    "end_date"               => string(8) "20200807"
                    "start_date"             => string(8) "20200710"
                    "days"                   => string(2) "28"
                    "broken_period_interest" => float(921)
                    "status"                 => string(7) "success"
                    "message"                => string(33) "broken_period_interest calculated"
                ]

Visual Output