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Posted to dev@fineract.apache.org by "Santosh Math (JIRA)" <ji...@apache.org> on 2017/05/18 09:04:04 UTC
[jira] [Created] (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
Santosh Math created FINERACT-466:
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Summary: 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: Bug
Components: Charges, Loan
Reporter: Santosh Math
Assignee: Markus Geiss
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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