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From Ed Cable <>
Subject Re: [Mifos-developer] Can't create new loan
Date Fri, 30 Dec 2016 19:10:18 GMT
I was doing some testing on with this same loan
product and I experienced the same behavior as well.

When attempting to open a new loan account under the product specified by
Tarun, I experience the following:

1) Error:
2) I'm unable to preview the repayment schedule by clicking repayment info
to actually see what each installment is (but I guess that is because it
must pass the validation that's blocking submission to do the preview as

Once I drop the interest from it's default value of 11%/month to only
1%/month does it have an EMI amount that is greater than interest.

Perhaps we can have a more clear error message that contains some of the
information that is in the developer message displayed to Tarun.


On Fri, Dec 30, 2016 at 9:57 AM, Tarun Mudgal <>

> Hi,
> While working on an issue, I tried to create a loan for the product "For
> Prepay -Calculate till preclosure date"  for a group to which the response
> received was
> Error 403: EMI amount must be greater than : 4485
> Later, I tried to create a loan for a client and a similar response was
> received with that as well, just with a different value than 4485.
> I'm attaching a sample payload and the corresponding response.
> [image: Inline image 1]
> [image: Inline image 2]
> Could someone please look into it and tell what's the reason for this
> behaviour? What does EMI amount correspond to?
> Thanks
> --
> Tarun Mudgal
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*Ed Cable*
Director of Community Programs, Mifos Initiative | Skype: edcable | Mobile: +1.484.477.8649

*Collectively Creating a World of 3 Billion Maries | *
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