[jira] [Updated] (FINERACT-19) On time loan payment, Overdue Charge should be principal ony

["Edward Cable (JIRA)" <ji...@apache.org>]

     [ https://issues.apache.org/jira/browse/FINERACT-19?page=com.atlassian.jira.plugin.system.issuetabpanels:all-tabpanel ]

Edward Cable updated FINERACT-19:
---------------------------------
    Labels: Volunteer p1  (was: p1)

> On time loan payment, Overdue Charge should be principal ony
> ------------------------------------------------------------
>
>                 Key: FINERACT-19
>                 URL: https://issues.apache.org/jira/browse/FINERACT-19
>             Project: Apache Fineract
>          Issue Type: Bug
>          Components: Loan
>            Reporter: Dayna Harp
>            Assignee: Markus Geiss
>            Priority: Major
>              Labels: Volunteer, p1
>             Fix For: 1.3.0
>
>
> https://mifosforge.jira.com/browse/MIFOSX-2400 - see for attachments
> 1. Create a simple loan product with with monthly repayment and overdue charge as flat 100 attached.
> 2. Create a client and submit new loan application for a client on 01 September 2015 approve and disburse on same date.
> 3. Execute scheduler job "Apply penalty for overdue loans".
> 4. Now overdue charge got applied for 01 October 2015, 01 November 2015 and 01 December 2015 repayments.
> 5. Make back dated repayment with the amount displayed in repayment schedule on 01 October 2015.
> Expected behavior:
> .Since the repayment is done on time the extra amount ie 100 paid should go to the principal only.
> Actual behavior:
> The extra amount 100 is getting collected as advance payment for the immediate next repayment.
> Also for the 1st of January the penalty displayed wrongly.



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