diff --git a/fineract-loan/src/main/java/org/apache/fineract/portfolio/loanproduct/api/LoanProductsApiResourceSwagger.java b/fineract-loan/src/main/java/org/apache/fineract/portfolio/loanproduct/api/LoanProductsApiResourceSwagger.java
index 955db97c6..56a557b71 100644
--- a/fineract-loan/src/main/java/org/apache/fineract/portfolio/loanproduct/api/LoanProductsApiResourceSwagger.java
+++ b/fineract-loan/src/main/java/org/apache/fineract/portfolio/loanproduct/api/LoanProductsApiResourceSwagger.java
@@ -350,6 +350,30 @@ final class LoanProductsApiResourceSwagger {
         public Long resourceId;
     }
 
+    public static final class GetLoanProductsDaysInMonthType {
+
+        private GetLoanProductsDaysInMonthType() {}
+
+        @Schema(example = "1")
+        public Long id;
+        @Schema(example = "DaysInMonthType.actual")
+        public String code;
+        @Schema(example = "Actual")
+        public String description;
+    }
+
+    public static final class GetLoanProductsDaysInYearType {
+
+        private GetLoanProductsDaysInYearType() {}
+
+        @Schema(example = "1")
+        public Long id;
+        @Schema(example = "DaysInYearType.actual")
+        public String code;
+        @Schema(example = "Actual")
+        public String description;
+    }
+
     @Schema(description = "GetLoanProductsResponse")
     public static final class GetLoanProductsResponse {
 
@@ -435,30 +459,6 @@ final class LoanProductsApiResourceSwagger {
             public String description;
         }
 
-        static final class GetLoansProductsDaysInMonthType {
-
-            private GetLoansProductsDaysInMonthType() {}
-
-            @Schema(example = "30")
-            public Long id;
-            @Schema(example = "DaysInMonthType.days360")
-            public String code;
-            @Schema(example = "30 Days")
-            public String description;
-        }
-
-        static final class GetLoansProductsDaysInYearType {
-
-            private GetLoansProductsDaysInYearType() {}
-
-            @Schema(example = "360")
-            public Long id;
-            @Schema(example = "DaysInYearType.days360")
-            public String code;
-            @Schema(example = "360 Days")
-            public String description;
-        }
-
         static final class GetLoanProductsDaysInYearCustomStrategy {
 
             private GetLoanProductsDaysInYearCustomStrategy() {}
@@ -626,8 +626,8 @@ final class LoanProductsApiResourceSwagger {
         public List<Integer> interestRateVariationsForBorrowerCycle;
         @Schema(example = "[]")
         public List<Integer> numberOfRepaymentVariationsForBorrowerCycle;
-        public GetLoansProductsDaysInMonthType daysInMonthType;
-        public GetLoansProductsDaysInYearType daysInYearType;
+        public GetLoanProductsDaysInMonthType daysInMonthType;
+        public GetLoanProductsDaysInYearType daysInYearType;
         public GetLoanProductsDaysInYearCustomStrategy daysInYearCustomStrategy;
         @Schema(example = "true")
         public Boolean isInterestRecalculationEnabled;
@@ -713,42 +713,6 @@ final class LoanProductsApiResourceSwagger {
             public String description;
         }
 
-        static final class GetLoansProductsDaysInMonthTemplateType {
-
-            private GetLoansProductsDaysInMonthTemplateType() {}
-
-            @Schema(example = "1")
-            public Long id;
-            @Schema(example = "DaysInMonthType.actual")
-            public String code;
-            @Schema(example = "Actual")
-            public String description;
-        }
-
-        static final class GetLoanProductsDaysInYearTemplateType {
-
-            private GetLoanProductsDaysInYearTemplateType() {}
-
-            @Schema(example = "1")
-            public Long id;
-            @Schema(example = "DaysInYearType.actual")
-            public String code;
-            @Schema(example = "Actual")
-            public String description;
-        }
-
-        static final class GetLoanProductsDaysInYearCustomStrategyTemplateType {
-
-            private GetLoanProductsDaysInYearCustomStrategyTemplateType() {}
-
-            @Schema(example = "FULL_LEAP_YEAR")
-            public String id;
-            @Schema(example = "DaysInYearCustomStrategyType.fullLeapYear")
-            public String code;
-            @Schema(example = "Full Leap Year")
-            public String description;
-        }
-
         static final class GetLoanProductsInterestRecalculationTemplateData {
 
             private GetLoanProductsInterestRecalculationTemplateData() {}
@@ -1098,9 +1062,9 @@ final class LoanProductsApiResourceSwagger {
         @Schema(example = "[]")
         public List<Integer> numberOfRepaymentVariationsForBorrowerCycle;
         public GetLoanProductsTemplateResponse.GetLoanProductsAccountingRule accountingRule;
-        public GetLoansProductsDaysInMonthTemplateType daysInMonthType;
-        public GetLoanProductsDaysInYearTemplateType daysInYearType;
-        public GetLoanProductsDaysInYearCustomStrategyTemplateType daysInYearCustomStrategy;
+        public GetLoanProductsDaysInMonthType daysInMonthType;
+        public GetLoanProductsDaysInYearType daysInYearType;
+        public StringEnumOptionData daysInYearCustomStrategy;
         @Schema(example = "false")
         public Boolean isInterestRecalculationEnabled;
         public GetLoanProductsInterestRecalculationTemplateData interestRecalculationData;
@@ -1117,9 +1081,9 @@ final class LoanProductsApiResourceSwagger {
         public Set<GetLoanProductsResponse.GetLoanProductsAccountingRule> accountingRuleOptions;
         public GetLoanProductsAccountingMappingOptions accountingMappingOptions;
         public Set<GetLoanProductsValueConditionTypeOptions> valueConditionTypeOptions;
-        public Set<GetLoansProductsDaysInMonthTemplateType> daysInMonthTypeOptions;
+        public Set<StringEnumOptionData> daysInMonthTypeOptions;
         public Set<GetLoanProductsInterestTemplateType> daysInYearTypeOptions;
-        public Set<GetLoanProductsDaysInYearCustomStrategyTemplateType> daysInYearTypeCustomStrategyOptions;
+        public Set<StringEnumOptionData> daysInYearTypeCustomStrategyOptions;
         public Set<GetLoanProductsResponse.GetLoanProductsInterestRecalculationData.GetLoanProductsInterestRecalculationCompoundingType> interestRecalculationCompoundingTypeOptions;
         public Set<GetLoanProductsResponse.GetLoanProductsInterestRecalculationData.GetLoanProductsRescheduleStrategyType> rescheduleStrategyTypeOptions;
         public Set<GetLoanProductsResponse.GetLoanProductsInterestRecalculationData.GetLoanProductsInterestRecalculationCompoundingFrequencyType> interestRecalculationFrequencyTypeOptions;
@@ -1402,6 +1366,9 @@ final class LoanProductsApiResourceSwagger {
         @Schema(example = "[]")
         public List<Integer> numberOfRepaymentVariationsForBorrowerCycle;
         public GetLoanProductsResponse.GetLoanProductsAccountingRule accountingRule;
+        public GetLoanProductsDaysInMonthType daysInMonthType;
+        public GetLoanProductsDaysInYearType daysInYearType;
+        public StringEnumOptionData daysInYearCustomStrategy;
         @Schema(example = "false")
         public Boolean canUseForTopup;
         public GetLoanAccountingMappings accountingMappings;
@@ -1555,6 +1522,8 @@ final class LoanProductsApiResourceSwagger {
         public Long daysInMonthType;
         @Schema(example = "1")
         public Long daysInYearType;
+        @Schema(example = "FULL_LEAP_YEAR")
+        public String daysInYearCustomStrategy;
         @Schema(example = "true")
         public Boolean allowPartialPeriodInterestCalcualtion;
         @Schema(example = "179")
diff --git a/fineract-loan/src/main/java/org/apache/fineract/portfolio/loanproduct/domain/LoanProductRelatedDetail.java b/fineract-loan/src/main/java/org/apache/fineract/portfolio/loanproduct/domain/LoanProductRelatedDetail.java
index 912d75712..8f8574a33 100644
--- a/fineract-loan/src/main/java/org/apache/fineract/portfolio/loanproduct/domain/LoanProductRelatedDetail.java
+++ b/fineract-loan/src/main/java/org/apache/fineract/portfolio/loanproduct/domain/LoanProductRelatedDetail.java
@@ -523,6 +523,13 @@ public class LoanProductRelatedDetail implements LoanProductMinimumRepaymentSche
             this.daysInYearType = newValue;
         }
 
+        if (command.parameterExists(LoanProductConstants.DAYS_IN_YEAR_CUSTOM_STRATEGY_TYPE_PARAMETER_NAME)) {
+            final DaysInYearCustomStrategyType newValue = DaysInYearCustomStrategyType
+                    .valueOf(command.stringValueOfParameterNamed(LoanProductConstants.DAYS_IN_YEAR_CUSTOM_STRATEGY_TYPE_PARAMETER_NAME));
+            actualChanges.put(LoanProductConstants.DAYS_IN_YEAR_CUSTOM_STRATEGY_TYPE_PARAMETER_NAME, newValue.name());
+            this.daysInYearCustomStrategy = newValue;
+        }
+
         if (command.isChangeInBooleanParameterNamed(LoanProductConstants.IS_INTEREST_RECALCULATION_ENABLED_PARAMETER_NAME,
                 this.isInterestRecalculationEnabled)) {
             final boolean newValue = command
diff --git a/integration-tests/src/test/java/org/apache/fineract/integrationtests/DaysInYearCustomStrategyTest.java b/integration-tests/src/test/java/org/apache/fineract/integrationtests/DaysInYearCustomStrategyTest.java
index e330d0a4d..f8b8a3f4e 100644
--- a/integration-tests/src/test/java/org/apache/fineract/integrationtests/DaysInYearCustomStrategyTest.java
+++ b/integration-tests/src/test/java/org/apache/fineract/integrationtests/DaysInYearCustomStrategyTest.java
@@ -20,7 +20,9 @@ package org.apache.fineract.integrationtests;
 
 import java.io.IOException;
 import java.math.BigDecimal;
+import org.apache.fineract.client.models.GetLoanProductsProductIdResponse;
 import org.apache.fineract.client.models.PostLoanProductsResponse;
+import org.apache.fineract.client.models.PutLoanProductsProductIdRequest;
 import org.apache.fineract.integrationtests.common.ClientHelper;
 import org.apache.fineract.integrationtests.common.FineractClientHelper;
 import org.junit.jupiter.api.Assertions;
@@ -46,6 +48,22 @@ public class DaysInYearCustomStrategyTest extends BaseLoanIntegrationTest {
         }
     }
 
+    @Test
+    public void test_Update_DaysInYearsCustomStrategy_Value() {
+        PostLoanProductsResponse postLoanProduct = loanProductHelper.createLoanProduct(create4IProgressive().currencyCode("USD")
+                .daysInYearType(DaysInYearType.ACTUAL).daysInYearCustomStrategy(DaysInYearCustomStrategy.FEB_29_PERIOD_ONLY));
+        Assertions.assertNotNull(postLoanProduct.getResourceId());
+        final Long loanProductId = postLoanProduct.getResourceId();
+
+        GetLoanProductsProductIdResponse loanProduct = loanTransactionHelper.getLoanProduct(loanProductId.intValue());
+        Assertions.assertEquals("FEB_29_PERIOD_ONLY", loanProduct.getDaysInYearCustomStrategy().getId());
+
+        loanProductHelper.updateLoanProductById(loanProductId,
+                new PutLoanProductsProductIdRequest().daysInYearCustomStrategy(DaysInYearCustomStrategy.FULL_LEAP_YEAR));
+        loanProduct = loanTransactionHelper.getLoanProduct(loanProductId.intValue());
+        Assertions.assertEquals("FULL_LEAP_YEAR", loanProduct.getDaysInYearCustomStrategy().getId());
+    }
+
     @Test
     public void testFEB_29_PERIOD_ONLY() {
         runAt("1 January 2024", () -> {