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Posted to dev@fineract.apache.org by "Santosh Math (JIRA)" <ji...@apache.org> on 2017/02/13 11:53:41 UTC
[jira] [Comment Edited] (FINERACT-354) Issue with Foreclosure of
Loan Account(variable installment enabled)
[ https://issues.apache.org/jira/browse/FINERACT-354?page=com.atlassian.jira.plugin.system.issuetabpanels:comment-tabpanel&focusedCommentId=15863530#comment-15863530 ]
Santosh Math edited comment on FINERACT-354 at 2/13/17 11:53 AM:
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There is another work around to deal with this issue. You can waive interest before foreclosing.
was (Author: santoshmath):
There is another work around to deal with issue. You can waive interest before foreclosing.
> Issue with Foreclosure of Loan Account(variable installment enabled)
> ----------------------------------------------------------------------
>
> Key: FINERACT-354
> URL: https://issues.apache.org/jira/browse/FINERACT-354
> Project: Apache Fineract
> Issue Type: Bug
> Components: Loan
> Reporter: Santosh Math
> Assignee: Markus Geiss
> Labels: p2
> Attachments: 1.png, 2.png, 3.png, 4.png
>
>
> steps to reproduce:
> 1. Create any loan product with variable installment(from 1 to 365 days)
> 2. Submit loan application with this loan product. Don't approve it.
> 3. Go to 'More' and click on 'Edit Repayment Schedule'. Edit first repayment schedule date so that it falls on disbursement date.(Lets say 01 January 2015 is submitted date, first repayment date is 01 Feb 2015, let's edit this date to 15 Jan 2015, ie.. disbursement date).
> 4. Approve the loan on 01 Jan 2015 and disburse it on 15 Jan 2015.
> 5. On Loan account page, Click on Foreclosure and select the foreclosure date as 15 Jan 2015.
> >> As Disbursement date is same as foreclosure date, there should not be any interest on principal, but it is showing some amount of interest.
> Check the attached files with this issue. Their numbers are in the order of this process.
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