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Posted to dev@fineract.apache.org by "subramanyasn (JIRA)" <ji...@apache.org> on 2016/06/21 11:30:58 UTC
[jira] [Created] (FINERACT-189) Interest calculated after
foreclosure of multi tranche loan is not proper
subramanyasn created FINERACT-189:
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Summary: Interest calculated after foreclosure of multi tranche loan is not proper
Key: FINERACT-189
URL: https://issues.apache.org/jira/browse/FINERACT-189
Project: Apache Fineract
Issue Type: Bug
Components: Loan
Reporter: subramanyasn
Assignee: Markus Geiss
1. Create a loan product with principal 10000, ROI 12% pa, repaid every 1 month, loan term 12 months, Tranche count as 2.
2. Submit new loan application for a client on 01 January 2016, first tranche of 5000 on 01 January 2016 and amount as 5000, 2nd tranche on 01 March 2016.
3. Approve and disburse 1st tranche on 01 January 2016.
4. Foreclose the loan on 01 April 2016.
> Interest is getting collected for the non disbursed tranche also.(ie interest is getting calculated for the 2nd tranche of 5000 also).
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