[jira] [Updated] (FINERACT-381) Repayment schedule mismatch before approval and after approval when two consecutive holidays comes on repayment

["Edward Cable (JIRA)" <ji...@apache.org>]

     [ https://issues.apache.org/jira/browse/FINERACT-381?page=com.atlassian.jira.plugin.system.issuetabpanels:all-tabpanel ]

Edward Cable updated FINERACT-381:
----------------------------------
    Labels: p1  (was: )

> Repayment schedule mismatch before approval and after approval when two consecutive holidays comes on repayment
> ---------------------------------------------------------------------------------------------------------------
>
>                 Key: FINERACT-381
>                 URL: https://issues.apache.org/jira/browse/FINERACT-381
>             Project: Apache Fineract
>          Issue Type: Bug
>          Components: Loan
>            Reporter: Avinash Dalvi
>            Assignee: Markus Geiss
>            Priority: Critical
>              Labels: p1
>         Attachments: image001.jpg, image002.jpg
>
>
> Have configured a loan product with declining balance, recalculate
> interest, and frequency for recalculate outstanding principal as ?same as
> repayment period?. System is configured to have payments due on non working
> days to be moved to next working day. Found that the date when the
> principal is recalculated is not the same date as expected EMI / repayment
> date in case the repayment date is a holiday.
> Loan configuration screen shot:
> The repayment schedule comes like below: The interest computed of 3,682 is
> on the principal of 200,000 rather than 134,894, as the outstanding
> principal calculation was done based on principal on 12th Feb and not 13th
> Feb which is the date of EMI payment. Please refer to the screen shot
> below. Same happens for interest of 2,661 which is based on 134,894 rather
> than 69,262.



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