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Posted to issues@fineract.apache.org by "Edward Cable (JIRA)" <ji...@apache.org> on 2018/12/06 19:44:00 UTC
[jira] [Commented] (FINERACT-466) For the loans without Interest
Recalculation, Prepay Loan is collecting all installment Fees in stead of
collecting installment fees until the prepay date
[ https://issues.apache.org/jira/browse/FINERACT-466?page=com.atlassian.jira.plugin.system.issuetabpanels:comment-tabpanel&focusedCommentId=16711939#comment-16711939 ]
Edward Cable commented on FINERACT-466:
---------------------------------------
[~santoshmath] Isn't this a bug?
> For the loans without Interest Recalculation, Prepay Loan is collecting all installment Fees in stead of collecting installment fees until the prepay date
> ----------------------------------------------------------------------------------------------------------------------------------------------------------
>
> Key: FINERACT-466
> URL: https://issues.apache.org/jira/browse/FINERACT-466
> Project: Apache Fineract
> Issue Type: Improvement
> Components: Charges, Loan
> Reporter: Santosh Math
> Assignee: Markus Geiss
> Priority: Major
> Labels: gsoc, p1
> Fix For: 1.3.0
>
>
> 1. Create a loan product without Interest recalculation,monthly repayment, Equal Installments, Declining balance and 12 repayments with installment fee
> 100((flat, monthly) attached.
> 2. Disburse the loan on 01 January 2017.
> 3 Prepay the loan on 15 February 2017.
> > Expected Result: The installment fee should be collected: 100
> >Actual Result: The installment fee getting collected: 1200(all installment fees)
> P.S: This issue doesn't exist with loans having interest recalculation.
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