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From "Dayna Harp (JIRA)" <>
Subject [jira] [Created] (FINERACT-7) Repayment Schedule after waive fee not correct
Date Fri, 05 Feb 2016 17:08:39 GMT
Dayna Harp created FINERACT-7:

             Summary: Repayment Schedule after waive fee not correct
                 Key: FINERACT-7
             Project: Apache Fineract
          Issue Type: Bug
          Components: Loan
            Reporter: Dayna Harp
            Assignee: Markus Geiss
After waive installment fee the repayment schedule generated is not proper
1. Create Installment fee for a loan as 100-Flat-Regular. 
2. Create loan product with following datasets and attache above installment fee to that.
Terms vary based on loan cycle :	FALSE
Principal:	10,000   ( Min: , Max : )
Number of Repayments:	12   ( Min: , Max
Repay Every:	1  Months
Nominal Interest Rate:	1   ( Min: , Max  Per month
Minimum days between disbursal and first repayment date	
Amortization	Equal installments
Interest Method	Declining Balance
Interest Calculation Period	Daily
Repayment Strategy	Overdue/Due Fee/Int,Principal
Account moves out of NPA only after all arrears have been cleared?	No
Days in year	Actual
Days in month	Actual
Principal Threshold (%) for Last Instalment	0
Allow fixing of the installment amount	No
Interest Recalculation	
Recalculate Interest	Yes
Advance payments adjustment type	Reduce number of installments
Pre-closure interest calculation rule	Calculate till pre closure date
Interest recalculation compounding on	None
Frequency for recalculate Outstanding Principal	Daily
Frequency Interval for recalculation	1
Frequency Date for recalculation	01-Jan-15
Is Arrears recognization based on original schedule:No.
3. Submit new loan application on 01 October 2015. Approve and disburse loan on same date.
4. Click on waive charge and select for 1st repayment.
5. Repayment schedule generated after waive charge is not proper
>Waive charge is happening not for first installment instead for other installment it is
6. For first repayment the due is getting displayed.

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