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From "Dayna Harp (JIRA)" <>
Subject [jira] [Created] (FINERACT-13) Multi-tranche Loan repayment on 2nd tranche incorrect
Date Sat, 06 Feb 2016 16:30:39 GMT
Dayna Harp created FINERACT-13:

             Summary: Multi-tranche Loan repayment on 2nd tranche incorrect
                 Key: FINERACT-13
             Project: Apache Fineract
          Issue Type: Bug
          Components: Loan
            Reporter: Dayna Harp
            Assignee: Markus Geiss - See for attachments

1. Create a loan product with following data sets,
Principal:	10,000   ( Min: , Max : )
Number of Repayments:	12   ( Min: , Max)
Repay Every:	1  Months
Nominal Interest Rate:	1   ( Min: , Max)  Per month
Amortization	Equal installments
Interest Method	Declining Balance
Interest Calculation Period	Daily
Repayment Strategy	Penalties, Fees, Interest, Principal order
Days in year	Actual
Days in month	Actual
Principal Threshold (%) for Last Instalment	0
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-Sep-15
Enable Multiple Disbursals	TRUE
Maximum Tranche count	2
Maximum allowed outstanding balance	10000
2. Create specified due date charge 1% of amount and attache to the above loan product,
3. Submit new loan application for a client on 01 September 2015 with first tranche of 5000
on same date and second tranche on 01 November 2015 and amount 5000. Add specified due date
charge date as 15 September 2015.
4. Make repayment on 01 October 2015 in which charge applied on 15 September 2015 got collected
and amount as 50 (1% of disbursed amount).
5. Disburse 2nd tranche as 5000 on 01 November 2015.
> In the repayment schedule 50 is displaying as balance in 01 October 2015 repayment.
> Application Should not allowed to modify or apply charge for the repayment which is already

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