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Posted to dev@fineract.apache.org by "Santosh Math (JIRA)" <ji...@apache.org> on 2017/09/13 12:34:00 UTC
[jira] [Updated] (FINERACT-517) "Recalculate Interest for Loans"
scheduler job has no effect when partial payment is made with less amount
on scheduled date.
[ https://issues.apache.org/jira/browse/FINERACT-517?page=com.atlassian.jira.plugin.system.issuetabpanels:all-tabpanel ]
Santosh Math updated FINERACT-517:
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Description:
When there is less repayment is made(Ex; 500 in stead of 1000), it is needed to run the scheduler job but running this scheduler job has no effect and interest is not getting recalculated .
1. Create a loan product (Monthly repayment) with Interest Recalculation enabled. (Reduced EMI Amount, no compounding is required)
2. Disburse loan on January 1, 2017 whose first repayment date will be 01 February 2017.
3. Consider repayment amount is 800, but you make repayment only 400 on 01 February 2017.
4. Run Scheduler job "Recalculate Interest for Loans'
>When you come back to the loan account, you see the same repayment schedule before running the scheduler job.
was:When there is less repayment is made(Ex; 500 in stead of 1000), it is needed to run the scheduler job but running this scheduler job has no effect and interest is not getting recalculated .
> "Recalculate Interest for Loans" scheduler job has no effect when partial payment is made with less amount on scheduled date.
> -----------------------------------------------------------------------------------------------------------------------------
>
> Key: FINERACT-517
> URL: https://issues.apache.org/jira/browse/FINERACT-517
> Project: Apache Fineract
> Issue Type: Bug
> Components: Loan
> Reporter: Santosh Math
> Assignee: Markus Geiss
> Labels: p1
>
> When there is less repayment is made(Ex; 500 in stead of 1000), it is needed to run the scheduler job but running this scheduler job has no effect and interest is not getting recalculated .
> 1. Create a loan product (Monthly repayment) with Interest Recalculation enabled. (Reduced EMI Amount, no compounding is required)
> 2. Disburse loan on January 1, 2017 whose first repayment date will be 01 February 2017.
> 3. Consider repayment amount is 800, but you make repayment only 400 on 01 February 2017.
> 4. Run Scheduler job "Recalculate Interest for Loans'
> >When you come back to the loan account, you see the same repayment schedule before running the scheduler job.
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