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Posted to issues@fineract.apache.org by "Awasum Yannick (Jira)" <ji...@apache.org> on 2021/10/23 15:25:00 UTC
[jira] [Updated] (FINERACT-1397) Interest calculation issue when
repayment is made on the disbursement day
[ https://issues.apache.org/jira/browse/FINERACT-1397?page=com.atlassian.jira.plugin.system.issuetabpanels:all-tabpanel ]
Awasum Yannick updated FINERACT-1397:
-------------------------------------
External issue URL: (was: https://stepsai.atlassian.net/browse/CI-1188)
> 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
> Priority: Major
> 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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