[jira] [Created] (FINERACT-1403) Advance repayment issue after loan rescheduling

["bharath gowda (Jira)" <ji...@apache.org>]

bharath gowda created FINERACT-1403:
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             Summary: Advance repayment issue after loan rescheduling
                 Key: FINERACT-1403
                 URL: https://issues.apache.org/jira/browse/FINERACT-1403
             Project: Apache Fineract
          Issue Type: Bug
          Components: Loan
    Affects Versions: 1.5.0
            Reporter: bharath gowda
            Assignee: Avik Ganguly
             Fix For: 1.5.1
         Attachments: after advance repayment.png, before advance repayment.png, product configuration.png

The loan repayment schedule is calculating the wrong principal when advance payment is done after the loan reschedule is done.

 

To reproduce,

1. Create a loan product as per the shared screenshot

2. Create a loan account and reschedule any installment and make the payment for the rescheduled date

3. Make an advance payment for an installment (for any installment after the rescheduled installment)

Issue 

when advance payment is done, the system is changing the principal amount, and in turn, the installment is still not completely paid

because of this, the loan is considered overdue even if the payment is done on/before time.

 

Please find the example screenshot attached of the issue loan with complete explanation and expected result

please do let me know if you need any more clarification



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