fineract-dev mailing list archives

Site index · List index
Message view « Date » · « Thread »
Top « Date » · « Thread »
From "subramanyasn (JIRA)" <j...@apache.org>
Subject [jira] [Commented] (FINERACT-78) Specified due date percentage charge calculation uses loan principal amount instead of installment principal amount
Date Tue, 24 May 2016 16:26:12 GMT

    [ https://issues.apache.org/jira/browse/FINERACT-78?page=com.atlassian.jira.plugin.system.issuetabpanels:comment-tabpanel&focusedCommentId=15298455#comment-15298455
] 

subramanyasn commented on FINERACT-78:
--------------------------------------

Steps to reproduce this issue:
1. Create a loan product with following datasets,
Repayment Strategy:Overdue/Due Fee/Int,Principal
Repayments:12 every 1 Months on
Amortization:Equal installments
Interest:12 per annum (1% Per month) - Declining Balance
Interest Calculation Period:Daily
Interest Type:Declining Balance
Recalculate Interest:Yes
Days in year:Actual
Days in month:Actual
Interest recalculation compounding on:None
Advance payments adjustment type:Reduce number of installments
Frequency for recalculate Outstanding Principal:Every -1 days.
2. Create a specified due date charge % amount as 1%.
3. Create a client and submit new loan application for a client on 01 January 2016, first
tranche of 5000 on same date, 2nd tranche of 5000 on 01 March 2016.
add above charges on 15 Jan 2016, and on 15 March 2016.
4. After submitting the loan application the click on charges there it is displaying both
charges as 100.
5. Approve and disburse the 2nd tranche on 01 March 2016.
> Both Charges are displaying as 100 in repayment schedule.
but in charges, for 15 January 2016 charge is 50. and for 15 March 2016 the charge is 100.
In summary page also it is displaying as 200.


> Specified due date percentage charge calculation uses loan principal amount instead of
installment principal amount
> -------------------------------------------------------------------------------------------------------------------
>
>                 Key: FINERACT-78
>                 URL: https://issues.apache.org/jira/browse/FINERACT-78
>             Project: Apache Fineract
>          Issue Type: Bug
>            Reporter: Emmanuel Nnaa
>            Assignee: Markus Geiss
>         Attachments: Sp. Charge 1.png, Sp. Charge 2.png, Sp. Charge 3.png, Sp. Charge
4.png
>
>
> Specified due date percentage charge calculation uses loan principal amount instead of
installment principal amount.



--
This message was sent by Atlassian JIRA
(v6.3.4#6332)

Mime
View raw message