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Posted to issues@fineract.apache.org by "Manoj Mohanan (Jira)" <ji...@apache.org> on 2022/02/18 20:16:00 UTC
[jira] [Resolved] (FINERACT-1443) Reschedule loan causing wrong interest calculation of last 3-4 installments
[ https://issues.apache.org/jira/browse/FINERACT-1443?page=com.atlassian.jira.plugin.system.issuetabpanels:all-tabpanel ]
Manoj Mohanan resolved FINERACT-1443.
-------------------------------------
Fix Version/s: 1.6.0
(was: 1.8.0)
Resolution: Fixed
> 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: 1.8.0
> Reporter: bharath gowda
> Assignee: Manoj Mohanan
> 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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