You are viewing a plain text version of this content. The canonical link for it is here.

Posted to issues@fineract.apache.org by "Marcell (JIRA)" <ji...@apache.org> on 2018/04/06 04:26:00 UTC

[jira] [Created] (FINERACT-612) Interest Calculation for partial early payment is incorrect

Marcell created FINERACT-612:
--------------------------------

             Summary: Interest Calculation for partial early payment is incorrect
                 Key: FINERACT-612
                 URL: https://issues.apache.org/jira/browse/FINERACT-612
             Project: Apache Fineract
          Issue Type: Bug
          Components: Loan
    Affects Versions: 1.0.0
         Environment: https://demo.openmf.org/#/viewloanaccount/2522
            Reporter: Marcell


Loan Configuration :

Interest : 32.04% / year

Loan term 150 Days

Repayment : 1x

Disburse date : 4 Oct 2017

Mature Date : 3 Mar 2018

Loan Amount : 85,000,000

 

1st early repayment

Date : 25 Jan 2018

Amount : 9,000,000

Expected allocated paid to interest : 113 Days x (32.04%/360) = 8,548,450

Expected allocated paid to pricipal : 9,000,000 -  8,548,450 = 451,550

However, Mifos allocate all payment into interest

https://demo.openmf.org/#/viewloanaccount/2522

 



--
This message was sent by Atlassian JIRA
(v7.6.3#76005)