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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 with loan balance in last repayment as negative
Date Thu, 16 Jun 2016 08:57:05 GMT

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

subramanyasn updated FINERACT-175:
----------------------------------
    Summary: In a installment if more amount is repaid and then the loan is foreclosed then
it is moving to overpaid state with loan balance in last repayment as negative  (was: In a
installment if more amount is repaid and then the loan is foreclosed then it is moving to
overpaid state)

> In a installment if more amount is repaid and then the loan is foreclosed then it is
moving to overpaid state with loan balance in last repayment as negative
> -------------------------------------------------------------------------------------------------------------------------------------------------------------
>
>                 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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