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Loan interest calculation on closing balance of an employee

Hello Everyone,

My client is processing for differed interest calculation.

Interest which is calculating is on opening balance. I want to calculate interest on closing balance of an employee.

for ex:

if employee is taking a loan of 50,000 rupees and we are maintaining same in INF 45 for the month of APR'2018 and repayment installment is 10,000 rupees then for the month of April interest should get calculate on 50,000-10,000 = 40,000 rupees and not on total 50,000 rupees.

Guys please help me to fulfill this scenario as it is on highest priority.

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