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From "subramanyasn (JIRA)" <j...@apache.org>
Subject [jira] [Created] (FINERACT-158) Prepay loan with installment fee attached will go to the overpaid state than getting closed
Date Wed, 18 May 2016 05:23:12 GMT
subramanyasn created FINERACT-158:
-------------------------------------

             Summary: Prepay loan with installment fee attached will go to the overpaid state
than getting closed
                 Key: FINERACT-158
                 URL: https://issues.apache.org/jira/browse/FINERACT-158
             Project: Apache Fineract
          Issue Type: Bug
          Components: Loan
            Reporter: subramanyasn
            Assignee: Markus Geiss


1. Create 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
Grace: On Principal Payment 	
Grace: On Interest Payment 	
Interest Calculation Period: Same as repayment period
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 EMI amount
Frequency for recalculate Outstanding Principal: Same as repayment period.
2. Submit new loan application for a client on 01 March 2016 with installment fee attached
(Installment fee - Flat- 100). Approve and disburse on same date.
3. Click on Prepay loan and make prepayment on current system date.
4. Loan is going to overpaid state than moving to closed state.



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