fineract-dev mailing list archives

Site index · List index
Message view « Date » · « Thread »
Top « Date » · « Thread »
From "subramanyasn (JIRA)" <j...@apache.org>
Subject [jira] [Created] (FINERACT-171) Interest calculated is not proper if the foreclosure is done in between any period
Date Wed, 15 Jun 2016 10:52:09 GMT
subramanyasn created FINERACT-171:
-------------------------------------

             Summary: Interest calculated is not proper if the foreclosure is done in between
any period
                 Key: FINERACT-171
                 URL: https://issues.apache.org/jira/browse/FINERACT-171
             Project: Apache Fineract
          Issue Type: Bug
            Reporter: subramanyasn
            Assignee: Markus Geiss
            Priority: Critical


1. Create a loan product with daily interest calculation, repaid every 1 month, declining
balance, principal 10000, ROI as 12%pa, daily interest calculation.
2. Create a client and submit new loan application with the above loan product on 01 June
2016, approve and disburse the loan on same date.
3. Click on foreclosure and enter date as 15 June 2016. 
> The interest should get calculated for 14 days but it is getting collected for the entire
month.



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

Mime
View raw message