[jira] [Comment Edited] (FINERACT-2063) Enable repayment of overdue installments

["Francis Guchie (Jira)" <ji...@apache.org>]

    [ https://issues.apache.org/jira/browse/FINERACT-2063?page=com.atlassian.jira.plugin.system.issuetabpanels:comment-tabpanel&focusedCommentId=17825670#comment-17825670 ] 

Francis Guchie edited comment on FINERACT-2063 at 3/12/24 1:08 PM:
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[~kigred.developer]  [~ikimbrah] 

This is what I have observed for a long time, and a PR will go a long to solve the issue

Ideally the cron job should
 * consider total amounts not yet paid, 
 * apply the payment using the repayment strategy set in the product setting of the loan in question
 * In the order provided by the repayment strategy 

 

 


was (Author: francisguchie):
[~kigred.developer]  [~ikimbrah] 

This is what I have observed for a long time, the cron job should
 * consider total amounts not yet paid, 
 * apply the payment using the repayment strategy set in the product setting of the loan in question
 * In the order provided by the repayment strategy 

 

 

> Enable repayment of overdue installments
> ----------------------------------------
>
>                 Key: FINERACT-2063
>                 URL: https://issues.apache.org/jira/browse/FINERACT-2063
>             Project: Apache Fineract
>          Issue Type: Improvement
>          Components: Loan
>    Affects Versions: 1.9.0
>            Reporter: Kigenyi Wilfred
>            Priority: Minor
>             Fix For: 1.10.0
>
>
> Currently the standing instruction task will only execute a transfer if the loan installment in question is for the exact date as the date on which the task is running. This means that if for example a client had an installment due for the day before (or several days before), that installment will not be settled if the client deposits funds on his savings account today or the next day.
> The thinking is that installments should be settled as longs as they are not in the future, that is if the are today or they are overdue.



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