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From "Edward Cable (JIRA)" <j...@apache.org>
Subject [jira] [Updated] (FINERACT-12) For Overdue/Due Fee/Int,Principal strategy with variable installment, late repayment is not working as expected
Date Wed, 11 Jan 2017 14:06:58 GMT

     [ https://issues.apache.org/jira/browse/FINERACT-12?page=com.atlassian.jira.plugin.system.issuetabpanels:all-tabpanel
]

Edward Cable updated FINERACT-12:
---------------------------------
    Labels: p1  (was: )

> For Overdue/Due Fee/Int,Principal strategy with variable installment, late repayment
is not working as expected
> ---------------------------------------------------------------------------------------------------------------
>
>                 Key: FINERACT-12
>                 URL: https://issues.apache.org/jira/browse/FINERACT-12
>             Project: Apache Fineract
>          Issue Type: Bug
>          Components: Loan
>            Reporter: Dayna Harp
>            Assignee: Markus Geiss
>              Labels: p1
>
> https://mifosforge.jira.com/browse/MIFOSX-2401
> 1. Create loan product with following datasets,
> Terms
> Terms vary based on loan cycle : false
> Principal: 10,000 ( Min: , Max : )
> Number of Repayments: 12 ( Min: , Max)
> Repay Every: 1 Months
> Nominal Interest Rate: 1 ( Min: , Max) Per month
> Minimum days between disbursal and first repayment date
> Settings
> Amortization Equal installments
> Interest Method Declining Balance
> Interest Calculation Period Daily
> Arrears Tolerance 
> Repayment Strategy Overdue/Due Fee/Int,Principal
> Days in year Actual
> Days in month Actual
> Principal Threshold (%) for Last Instalment 0
> Allow fixing of the installment amount No
> Variable Installments (Min:0 , Max:365)
> Interest Recalculation
> Recalculate Interest Yes
> Advance payments adjustment type Reduce number of installments
> Pre-closure interest calculation rule Calculate till pre closure date
> Interest recalculation compounding on None
> Frequency for recalculate Outstanding Principal Daily
> Frequency Interval for recalculation 1
> Frequency Date for recalculation 01 October 2015
> Is Arrears recognization based on original schedule No
> 2. Create a client and submit new loan application on 01 October 2015.
> 3. Click on More -> Edit repayment schedule in which delete repayment for 01 November
2015 and click on validate and submit button.
> 4. Approve and disburse loan on 01 October 2015.
> 5. Make repayment on 15 December 2015.
> > In Overdue/Due Fee/Int,Principal repayment strategy one entry on 15 December 2015
should get created, which is not getting getting created.
> > Interest should get calculated upto 14 December 2015. (Disbursement date 01 October
2015 and first repayment is doing on 15 December 2015).
> Attachments:  https://mifosforge.jira.com/browse/MIFOSX-2401



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