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From "Dayna Harp (JIRA)" <j...@apache.org>
Subject [jira] [Created] (FINERACT-19) On time loan payment, Overview Charge should be principal ony
Date Mon, 08 Feb 2016 13:50:39 GMT
Dayna Harp created FINERACT-19:
----------------------------------

             Summary: On time loan payment, Overview 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


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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