[jira] [Created] (FINERACT-1397) Interest calculation issue when repayment is made on the disbursement day

["bharath gowda (Jira)" <ji...@apache.org>]

bharath gowda created FINERACT-1397:
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             Summary: Interest calculation issue when repayment is made on the disbursement day
                 Key: FINERACT-1397
                 URL: https://issues.apache.org/jira/browse/FINERACT-1397
             Project: Apache Fineract
          Issue Type: Bug
          Components: Loan
    Affects Versions: 1.5.0
            Reporter: bharath gowda
            Assignee: Avik Ganguly
             Fix For: 1.5.1
         Attachments: interest calculation issue.xlsx, product configuration.png

Interest calculation is wrong when repayment is made on the disbursement day for the daily interest loan product

 

To reproduce the issue

1. Create a loan product with daily interest calculation and interest recalculation enabled.(have attached the screenshot of the loan product configuration)

2. Create/approve/disburse a loan account with a first repayment date of 30 days gap from the disbursement date.

3. Make the repayment on the same day of the disbursement date and verify the interest 

 

check excel calculation for example issue and expected result.

 

Any other date apart from the disbursement date repayment the interest calculation is happening currently.

 

 



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