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Posted to issues@fineract.apache.org by "Aleksandar Vidakovic (Jira)" <ji...@apache.org> on 2022/11/28 17:53:00 UTC
[jira] [Updated] (FINERACT-1745) Loan Schedule Final Installment calculation issue
[ https://issues.apache.org/jira/browse/FINERACT-1745?page=com.atlassian.jira.plugin.system.issuetabpanels:all-tabpanel ]
Aleksandar Vidakovic updated FINERACT-1745:
-------------------------------------------
Fix Version/s: (was: 1.7.0)
> Loan Schedule Final Installment calculation issue
> -------------------------------------------------
>
> Key: FINERACT-1745
> URL: https://issues.apache.org/jira/browse/FINERACT-1745
> Project: Apache Fineract
> Issue Type: Bug
> Components: Loan
> Affects Versions: 1.7.0
> Reporter: bharath gowda
> Assignee: Dhaval Maniyar
> Priority: Critical
> Attachments: loan product.png, schedule after issue reproducing.png, schedule before issue.png
>
>
> In an interest recalculation enabled loan, we are noticing the EMI of the last installment is going wrong for the following scenario
>
> To reproduce
> # Create the loan product as per the config attached
> # Have working day configured from Monday to Friday with "move to next working day"
> # Create a loan account and disburse with the following parameters
> ## Disbursement date: 6th May 2022
> ## First Repayment date: 27th May 2022
> ## amount: 7800
> ## repay: 60 every 1 month
> ## interest rate 8.9 per annum (which will get you an EMI 161.08
> ## Now make the repayments in the following order
> ### 27-May-2022 - 161.08
> ### 27-June-2022 - 161.08
> ### 27-Jule-2022 - 161.08
> ### 30-August-2022 - 161.08
> ### 01-sept-2022 - 15
> ## Now check the repayment schedule EMI of the last installment it will be showing the wrong amount.
> # Check the schedule screenshot for examples
>
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