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Posted to issues@fineract.apache.org by "Adam Saghy (Jira)" <ji...@apache.org> on 2025/05/12 08:50:00 UTC
[jira] [Resolved] (FINERACT-2211) Progressive Loan - Incorrect LoanSchedule after Full Refund on 12m interest bearing Term loan
[ https://issues.apache.org/jira/browse/FINERACT-2211?page=com.atlassian.jira.plugin.system.issuetabpanels:all-tabpanel ]
Adam Saghy resolved FINERACT-2211.
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Resolution: Fixed
> Progressive Loan - Incorrect LoanSchedule after Full Refund on 12m interest bearing Term loan
> ---------------------------------------------------------------------------------------------
>
> Key: FINERACT-2211
> URL: https://issues.apache.org/jira/browse/FINERACT-2211
> Project: Apache Fineract
> Issue Type: Bug
> Affects Versions: 1.11.0
> Reporter: Adam Saghy
> Priority: Major
> Fix For: 1.12.0
>
>
> Incorrect LoanSchedule after Full Refund on 12m Term loan.
> Steps to produce:
> # Loan product: Progressive, 26% interest, interest recalculation = true, number of repayment: 12, repay every 1 month
> ## Merchant issued Refund transaction use LAST_INSTALLMENT allocation for in advance payments
> # Create a Loan and Disburse on 03/11/2025 with amount $200
> # Issue - Merchant issued refund with $200 on 03/11/2025
> *Currently*
> Repayment schedule is wrong, there is a period in the middle of the schedule where the balances are 0
> *Expectation*
> There should be no gap in the periods
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