[jira] [Updated] (FINERACT-1443) Reschedule loan causing wrong interest calculation of last 3-4 installments

["bharath gowda (Jira)" <ji...@apache.org>]

     [ https://issues.apache.org/jira/browse/FINERACT-1443?page=com.atlassian.jira.plugin.system.issuetabpanels:all-tabpanel ]

bharath gowda updated FINERACT-1443:
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    Attachment: loanproductconfiguration.png
                paramters for rescheduling.png
                schedule_beforeissue.png
                Schedule_issue.png

> Reschedule loan causing wrong interest calculation of last 3-4 installments
> ---------------------------------------------------------------------------
>
>                 Key: FINERACT-1443
>                 URL: https://issues.apache.org/jira/browse/FINERACT-1443
>             Project: Apache Fineract
>          Issue Type: Bug
>    Affects Versions: 1.5.0
>            Reporter: bharath gowda
>            Priority: Major
>             Fix For: 1.6.0
>
>         Attachments: Schedule_issue.png, loanproductconfiguration.png, paramters for rescheduling.png, schedule_beforeissue.png
>
>
> Reschedule loan causing wrong interest calculation of last 3-4 installments
>  
>  
> To reproduce,
>  # Create a loan product with the configuration attached
>  # Create a loan account with a disbursement date as 23-Jan-2021 and the First repayment date as 01-Mar-2021.
>  # Approve and disburse the loan as of 23-Jan-2021.
>  # Make repayment for 01-Mar-2021
>  # Now reschedule the loan - CHECK SCREENSHOT FOR RESCHEDULE VALUES (make sure the configuration "is-interest-to-be-appropriated-equally-when-greater-than-EMI" is enabled.
>  #  Now check the schedule EMI and total interest. Total interest would be around 1223
>  # Now make repayment for 27-Aug-2021- this will change the interest to 1450 and a few installments EMI would be changed.
> Refer screenshots for more understanding



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