Return-Path: X-Original-To: archive-asf-public-internal@cust-asf2.ponee.io Delivered-To: archive-asf-public-internal@cust-asf2.ponee.io Received: from cust-asf.ponee.io (cust-asf.ponee.io [163.172.22.183]) by cust-asf2.ponee.io (Postfix) with ESMTP id 73D9E200BAA for ; Thu, 13 Oct 2016 08:10:30 +0200 (CEST) Received: by cust-asf.ponee.io (Postfix) id 726A6160AEE; Thu, 13 Oct 2016 06:10:30 +0000 (UTC) Delivered-To: archive-asf-public@cust-asf.ponee.io Received: from mail.apache.org (hermes.apache.org [140.211.11.3]) by cust-asf.ponee.io (Postfix) with SMTP id AC7D1160ACA for ; Thu, 13 Oct 2016 08:10:29 +0200 (CEST) Received: (qmail 39025 invoked by uid 500); 13 Oct 2016 06:10:23 -0000 Mailing-List: contact dev-help@fineract.incubator.apache.org; run by ezmlm Precedence: bulk List-Help: List-Unsubscribe: List-Post: List-Id: Reply-To: dev@fineract.incubator.apache.org Delivered-To: mailing list dev@fineract.incubator.apache.org Received: (qmail 39010 invoked by uid 99); 13 Oct 2016 06:10:23 -0000 Received: from pnap-us-west-generic-nat.apache.org (HELO spamd1-us-west.apache.org) (209.188.14.142) by apache.org (qpsmtpd/0.29) with ESMTP; Thu, 13 Oct 2016 06:10:23 +0000 Received: from localhost (localhost [127.0.0.1]) by spamd1-us-west.apache.org (ASF Mail Server at spamd1-us-west.apache.org) with ESMTP id 00B28C1BC3 for ; Thu, 13 Oct 2016 06:10:23 +0000 (UTC) X-Virus-Scanned: Debian amavisd-new at spamd1-us-west.apache.org X-Spam-Flag: NO X-Spam-Score: -7.019 X-Spam-Level: X-Spam-Status: No, score=-7.019 tagged_above=-999 required=6.31 tests=[KAM_LAZY_DOMAIN_SECURITY=1, RCVD_IN_DNSWL_HI=-5, RCVD_IN_MSPIKE_H3=-0.01, RCVD_IN_MSPIKE_WL=-0.01, RP_MATCHES_RCVD=-2.999] autolearn=disabled Received: from mx1-lw-eu.apache.org ([10.40.0.8]) by localhost (spamd1-us-west.apache.org [10.40.0.7]) (amavisd-new, port 10024) with ESMTP id S6hoiOxPwrwO for ; Thu, 13 Oct 2016 06:10:22 +0000 (UTC) Received: from mail.apache.org (hermes.apache.org [140.211.11.3]) by mx1-lw-eu.apache.org (ASF Mail Server at mx1-lw-eu.apache.org) with SMTP id 65C735FAF7 for ; Thu, 13 Oct 2016 06:10:21 +0000 (UTC) Received: (qmail 38914 invoked by uid 99); 13 Oct 2016 06:10:20 -0000 Received: from arcas.apache.org (HELO arcas) (140.211.11.28) by apache.org (qpsmtpd/0.29) with ESMTP; Thu, 13 Oct 2016 06:10:20 +0000 Received: from arcas.apache.org (localhost [127.0.0.1]) by arcas (Postfix) with ESMTP id 6B2432C0086 for ; Thu, 13 Oct 2016 06:10:20 +0000 (UTC) Date: Thu, 13 Oct 2016 06:10:20 +0000 (UTC) From: "subramanyasn (JIRA)" To: dev@fineract.incubator.apache.org Message-ID: In-Reply-To: References: Subject: [jira] [Created] (FINERACT-235) For flat loan with variable instllment, foreclosure before first repayment date is collecting full month interest MIME-Version: 1.0 Content-Type: text/plain; charset=utf-8 Content-Transfer-Encoding: 7bit X-JIRA-FingerPrint: 30527f35849b9dde25b450d4833f0394 archived-at: Thu, 13 Oct 2016 06:10:30 -0000 subramanyasn created FINERACT-235: ------------------------------------- Summary: For flat loan with variable instllment, foreclosure before first repayment date is collecting full month interest Key: FINERACT-235 URL: https://issues.apache.org/jira/browse/FINERACT-235 Project: Apache Fineract Issue Type: Bug Components: Loan Reporter: subramanyasn Assignee: Markus Geiss 1. Create loan product with following datasets Principal: 10000, ROI: 12% pa Loan term 12 months, Repaid every: 1 month, Amortization: Equal Installments Interest method: Flat Variable installment checked. 2. Submit new loan application on 01 January 2016, expected disbursement date 01 January 2016. 3. Edit repayment schedule and change first repayment date from 01 February 2016 to 15 January 2016. 4. Disburse loan on 15 January 2016. Foreclose loan on same date. Expected result: It should not collect any interest if the foreclosed date is same as disbursement date. Actual result: It is collecting one month interest. -- This message was sent by Atlassian JIRA (v6.3.4#6332)