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Posted to dev@fineract.apache.org by "Santosh Math (JIRA)" <ji...@apache.org> on 2017/01/19 09:01:26 UTC
[jira] [Commented] (FINERACT-13) Multi-tranche Loan repayment on
2nd tranche incorrect
[ https://issues.apache.org/jira/browse/FINERACT-13?page=com.atlassian.jira.plugin.system.issuetabpanels:comment-tabpanel&focusedCommentId=15829549#comment-15829549 ]
Santosh Math commented on FINERACT-13:
--------------------------------------
Tested it on 16.12.01.RELEASE. The issue still exists.
> Multi-tranche Loan repayment on 2nd tranche incorrect
> -----------------------------------------------------
>
> Key: FINERACT-13
> URL: https://issues.apache.org/jira/browse/FINERACT-13
> Project: Apache Fineract
> Issue Type: Bug
> Components: Loan
> Reporter: Dayna Harp
> Assignee: Markus Geiss
> Labels: confirm, p1
>
> https://mifosforge.jira.com/browse/MIFOSX-2398 - See for attachments
> 1. Create a loan product with following data sets,
> Principal: 10,000 ( Min: , Max : )
> Number of Repayments: 12 ( Min: , Max)
> Repay Every: 1 Months
> Nominal Interest Rate: 1 ( Min: , Max) Per month
> Amortization Equal installments
> Interest Method Declining Balance
> Interest Calculation Period Daily
> Repayment Strategy Penalties, Fees, Interest, Principal order
> Days in year Actual
> Days in month Actual
> Principal Threshold (%) for Last Instalment 0
> 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-Sep-15
> Enable Multiple Disbursals TRUE
> Maximum Tranche count 2
> Maximum allowed outstanding balance 10000
> 2. Create specified due date charge 1% of amount and attache to the above loan product,
> 3. Submit new loan application for a client on 01 September 2015 with first tranche of 5000 on same date and second tranche on 01 November 2015 and amount 5000. Add specified due date charge date as 15 September 2015.
> 4. Make repayment on 01 October 2015 in which charge applied on 15 September 2015 got collected and amount as 50 (1% of disbursed amount).
> 5. Disburse 2nd tranche as 5000 on 01 November 2015.
> > In the repayment schedule 50 is displaying as balance in 01 October 2015 repayment.
> > Application Should not allowed to modify or apply charge for the repayment which is already paid
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