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Posted to dev@fineract.apache.org by "Edward Cable (JIRA)" <ji...@apache.org> on 2017/01/11 14:01:58 UTC
[jira] [Resolved] (FINERACT-7) Repayment Schedule after waive fee
not correct
[ https://issues.apache.org/jira/browse/FINERACT-7?page=com.atlassian.jira.plugin.system.issuetabpanels:all-tabpanel ]
Edward Cable resolved FINERACT-7.
---------------------------------
Resolution: Fixed
> Repayment Schedule after waive fee not correct
> ----------------------------------------------
>
> Key: FINERACT-7
> URL: https://issues.apache.org/jira/browse/FINERACT-7
> Project: Apache Fineract
> Issue Type: Bug
> Components: Loan
> Reporter: Dayna Harp
> Assignee: Markus Geiss
> Attachments: 1.jpg, 2.jpg, 3.jpg
>
>
> https://mifosforge.jira.com/browse/MIFOSX-2495
> After waive installment fee the repayment schedule generated is not proper
> 1. Create Installment fee for a loan as 100-Flat-Regular.
> 2. Create loan product with following datasets and attache above installment fee to that.
> Terms vary based on loan cycle : FALSE
> Principal: 10,000 ( Min: , Max : )
> Number of Repayments: 12 ( Min: , Max
> Repay Every: 1 Months
> Nominal Interest Rate: 1 ( Min: , Max Per month
> Minimum days between disbursal and first repayment date
> Amortization Equal installments
> Interest Method Declining Balance
> Interest Calculation Period Daily
> Repayment Strategy Overdue/Due Fee/Int,Principal
> Account moves out of NPA only after all arrears have been cleared? No
> Days in year Actual
> Days in month Actual
> Principal Threshold (%) for Last Instalment 0
> Allow fixing of the installment amount No
> Interest Recalculation
> Recalculate Interest Yes
> Advance payments adjustment type Reduce number of installments
> Pre-closure interest calculation rule Calculate till pre closure date
> Interest recalculation compounding on None
> Frequency for recalculate Outstanding Principal Daily
> Frequency Interval for recalculation 1
> Frequency Date for recalculation 01-Jan-15
> Is Arrears recognization based on original schedule:No.
> 3. Submit new loan application on 01 October 2015. Approve and disburse loan on same date.
> 4. Click on waive charge and select for 1st repayment.
> 5. Repayment schedule generated after waive charge is not proper
> >Waive charge is happening not for first installment instead for other installment it is happening.
> 6. For first repayment the due is getting displayed.
> Attachments here: https://mifosforge.jira.com/browse/MIFOSX-2495
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