[jira] [Closed] (FINERACT-517) "Recalculate Interest for Loans" scheduler job has no effect when partial payment is made with less amount on scheduled date.

["Santosh Math (JIRA)" <ji...@apache.org>]

     [ https://issues.apache.org/jira/browse/FINERACT-517?page=com.atlassian.jira.plugin.system.issuetabpanels:all-tabpanel ]

Santosh Math closed FINERACT-517.
---------------------------------

Not an issue. 

> "Recalculate Interest for Loans" scheduler job has no effect when partial payment is made with less amount on scheduled date.
> -----------------------------------------------------------------------------------------------------------------------------
>
>                 Key: FINERACT-517
>                 URL: https://issues.apache.org/jira/browse/FINERACT-517
>             Project: Apache Fineract
>          Issue Type: Bug
>          Components: Loan
>            Reporter: Santosh Math
>            Assignee: Santosh Math
>            Priority: Major
>              Labels: p1
>
> When there is less repayment is made(Ex;  500 in stead of 1000), it is needed to run the scheduler job but running this scheduler job has no effect and interest is not getting recalculated .
> 1. Create a loan product (Monthly repayment) with Interest Recalculation enabled. (Reduced EMI Amount, no compounding is required)
> 2.  Disburse loan on January 1, 2017 whose first repayment date will be 01 February 2017.
> 3.  Consider repayment amount is 800, but you make repayment only 400 on 01 February 2017.
> 4. Run Scheduler job "Recalculate Interest for Loans'
> >When you come back to the loan account, you see the same repayment schedule  before running the scheduler job.



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