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From "subramanyasn (JIRA)" <j...@apache.org>
Subject [jira] [Closed] (FINERACT-189) Interest calculated after foreclosure of multi tranche loan is not proper
Date Fri, 24 Jun 2016 06:31:16 GMT

     [ https://issues.apache.org/jira/browse/FINERACT-189?page=com.atlassian.jira.plugin.system.issuetabpanels:all-tabpanel
]

subramanyasn closed FINERACT-189.
---------------------------------
    Resolution: Fixed

Need to delete the undisbursed tranche before foreclosure. Tested and working as expected

> Interest calculated after foreclosure of multi tranche loan is not proper
> -------------------------------------------------------------------------
>
>                 Key: FINERACT-189
>                 URL: https://issues.apache.org/jira/browse/FINERACT-189
>             Project: Apache Fineract
>          Issue Type: Bug
>          Components: Loan
>            Reporter: subramanyasn
>            Assignee: Markus Geiss
>         Attachments: Foreclosure13.png
>
>
> 1. Create a loan product with principal 10000, ROI 12% pa, repaid every 1 month, loan
term 12 months, Tranche count as 2. 
> 2. Submit new loan application for a client on 01 January 2016, first tranche of 5000
on 01 January 2016 and amount as 5000, 2nd tranche on 01 March 2016.
> 3. Approve and disburse 1st tranche on 01 January 2016.
> 4. Foreclose the loan on 01 April 2016.
> > Interest is getting collected for the non disbursed tranche also.(ie interest is
getting calculated for the 2nd tranche of 5000 also).



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