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From "subramanyasn (JIRA)" <j...@apache.org>
Subject [jira] [Updated] (FINERACT-175) In a installment if more amount is repaid and then the loan is foreclosed then it is moving to overpaid state
Date Thu, 16 Jun 2016 08:56:05 GMT

     [ https://issues.apache.org/jira/browse/FINERACT-175?page=com.atlassian.jira.plugin.system.issuetabpanels:all-tabpanel
]

subramanyasn updated FINERACT-175:
----------------------------------
    Priority: Critical  (was: Major)

> In a installment if more amount is repaid and then the loan is foreclosed then it is
moving to overpaid state
> -------------------------------------------------------------------------------------------------------------
>
>                 Key: FINERACT-175
>                 URL: https://issues.apache.org/jira/browse/FINERACT-175
>             Project: Apache Fineract
>          Issue Type: Bug
>          Components: Loan
>            Reporter: subramanyasn
>            Assignee: Markus Geiss
>            Priority: Critical
>         Attachments: foreclosure loan6.png
>
>
> 1. Create a simple loan product with interest calculation as same as repayment, principal
10000, ROI 12% pa, repaid every 1 month, declining balance.
> 2. Submit new loan application for a client on 01 May 2016, approve and disburse on same
date.
> 3. Make repayment of 5600 on 03 June 2016.
> 4. Foreclosure the loan on 16 June 2016. 
> > The loan is moving to overpaid state then getting closed.



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