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Posted to dev@fineract.apache.org by "subramanyasn (JIRA)" <ji...@apache.org> on 2016/06/16 08:57:05 UTC

[jira] [Updated] (FINERACT-175) In a installment if more amount is repaid and then the loan is foreclosed then it is moving to overpaid state with loan balance in last repayment as negative

     [ https://issues.apache.org/jira/browse/FINERACT-175?page=com.atlassian.jira.plugin.system.issuetabpanels:all-tabpanel ]

subramanyasn updated FINERACT-175:
----------------------------------
    Summary: In a installment if more amount is repaid and then the loan is foreclosed then it is moving to overpaid state with loan balance in last repayment as negative  (was: In a installment if more amount is repaid and then the loan is foreclosed then it is moving to overpaid state)

> In a installment if more amount is repaid and then the loan is foreclosed then it is moving to overpaid state with loan balance in last repayment as negative
> -------------------------------------------------------------------------------------------------------------------------------------------------------------
>
>                 Key: FINERACT-175
>                 URL: https://issues.apache.org/jira/browse/FINERACT-175
>             Project: Apache Fineract
>          Issue Type: Bug
>          Components: Loan
>            Reporter: subramanyasn
>            Assignee: Markus Geiss
>            Priority: Critical
>         Attachments: foreclosure loan6.png
>
>
> 1. Create a simple loan product with interest calculation as same as repayment, principal 10000, ROI 12% pa, repaid every 1 month, declining balance.
> 2. Submit new loan application for a client on 01 May 2016, approve and disburse on same date.
> 3. Make repayment of 5600 on 03 June 2016.
> 4. Foreclosure the loan on 16 June 2016. 
> > The loan is moving to overpaid state then getting closed.



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