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Posted to issues@fineract.apache.org by "Mohit Sinha (Jira)" <ji...@apache.org> on 2023/04/06 12:06:00 UTC
[jira] [Created] (FINERACT-1919) Loan Schedule due dates are lessened when a smaller month comes in between
Mohit Sinha created FINERACT-1919:
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Summary: Loan Schedule due dates are lessened when a smaller month comes in between
Key: FINERACT-1919
URL: https://issues.apache.org/jira/browse/FINERACT-1919
Project: Apache Fineract
Issue Type: Bug
Affects Versions: 1.8.4
Reporter: Mohit Sinha
Assignee: Mohit Sinha
Fix For: 1.9.0
Attachments: Screenshot 2023-04-06 at 5.13.52 PM.png, Screenshot 2023-04-06 at 5.15.14 PM.png, Screenshot 2023-04-06 at 5.15.41 PM.png
When we create a monthly loan, with first Repayment Date as 31-(Jan,Mar,May,....) or
30-(Jan,Mar,Apr,....) then from March onwards, the dueDate will reduce to 28/29 depending upon whether it is a leap year or not.
This behaviour should also happen when we create a loan with firstRepaymentDate as 31 May, then from June/July onwards the due date will be set to 30.
It should ideally be set to the date at which the firstRepayment started if it is possible in that month.
To reproduce,
disburse a loan on 31 December 2022.
first repayment date as 31 January 2023
loan tenure - 12 months
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