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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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