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From Mexina Daniel <mex...@singo.co.tz>
Subject Re: Wrong Interest calculation
Date Tue, 14 Feb 2017 13:06:56 GMT
Hi Santosh

I did check it with "Currency multiple of" 1, it still gives wrong interest

https://demo.openmf.org/#/viewloanaccount/625


When you configure loan term in months and repaid every 1 month it give 
correct interest with both "Currency multiple of" 1 and "Currency 
multiple of" 100.

Regards

On 02/14/2017 01:40 PM, Santosh Math wrote:
> Hi Mexina,
>
> I think  you set 'Currency in Multiple of ' 100 and it is rounding off to
> nearest 100th value. Check it again with 'Currency in Multiple of' as 1.
>
> https://demo.openmf.org/#/editloanproduct/144
>
> On Tue, Feb 14, 2017 at 3:36 PM, Mexina Daniel <mexina@singo.co.tz> wrote:
>
>> Hi dev!
>>
>> When you apply a loan and configure loan term 12 weeks, number of
>> repayment 12 and repaid every 1 week, the system wrongly calculate interest
>>
>> I reproduced this in https://demo.openmf.org/#/viewloanaccount/624
>>
>> Am i setting it wrong somewhere?
>>
>> Thank in advance
>>
>> --
>> Mexina M Daniel
>> Lead Software Developer
>> Research & Development
>>
>> Tel:+255 222 618 511 | Mob: +255 712 110 791
>>
>> Singo Africa Limited
>> Block G,Mbezi Beach B| 7 Nakawale Road| P.O.Box 78908| 14121 Dar es Salaam
>>
>> singo.co.tz
>>
>> Lets grow together
>>
>>
>

-- 
Mexina M Daniel
Lead Software Developer
Research & Development

Tel:+255 222 618 511 | Mob: +255 712 110 791

Singo Africa Limited
Block G,Mbezi Beach B| 7 Nakawale Road| P.O.Box 78908| 14121 Dar es Salaam

singo.co.tz

Lets grow together


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