There is no option to create quarterly principal and monthly Interest repayment method...

We been trying to create a Loan product which offers Monthly interest repayment and Quarterly principal repayment schedule. But there is no option to create like that. If there is any method or way to create like. Please assist us.

Example:

Interest: 15%

Principal: 1,00,000

Interest method: Flat

Interest Calculation Period: Same as repayment 

No. of Repayments: 12

Repayments be like:

Month 1 - Interest

Month 2 - Interest

Month 3 - Interest + Principal for 3 months (month 1 - 3)

Month 4 - Interest

Month 5 - Interest

Month 6 - Interest + Principal for 3 months (month 4 - 6)

Month 7 -Interest

Month 8 - Interest

Month 9 - Interest + Principal for 3 months (month 7 - 9)

Month 10 - Interest

Month 11 - Interest

Month 12 - Interest + Principal for 3 months (month 10 - 12)