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Posted to issues@fineract.apache.org by "bharath gowda (Jira)" <ji...@apache.org> on 2022/03/10 15:00:00 UTC

[jira] [Created] (FINERACT-1525) Interest calculation & Schedule Issue with repayments after Maturity Date

bharath gowda created FINERACT-1525:
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             Summary: Interest calculation & Schedule Issue with repayments after Maturity Date
                 Key: FINERACT-1525
                 URL: https://issues.apache.org/jira/browse/FINERACT-1525
             Project: Apache Fineract
          Issue Type: Bug
          Components: Loan
    Affects Versions: 1.5.0
            Reporter: bharath gowda


On a daily interest recalculation loan account, when repayment is collected after the maturity date, interest calculation seems to be wrong and repayment schedule allocation is also not happening correctly.

 

To Reproduce

 

1. Create a loan product with daily interest calculation and interest recalculation enabled.

check the attached loan product config for reference

2. Create a loan account and make repayment after the maturity date and check the interest calculation of that repayment.

Refer attached loan example pdf for step- by step reproducible details

 

 

 



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