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From "Santosh Math (JIRA)" <j...@apache.org>
Subject [jira] [Updated] (FINERACT-13) Multi-tranche Loan repayment on 2nd tranche incorrect
Date Thu, 23 Feb 2017 05:54:44 GMT

     [ https://issues.apache.org/jira/browse/FINERACT-13?page=com.atlassian.jira.plugin.system.issuetabpanels:all-tabpanel
]

Santosh Math updated FINERACT-13:
---------------------------------
    Labels: p1  (was: confirm p1)

> Multi-tranche Loan repayment on 2nd tranche incorrect
> -----------------------------------------------------
>
>                 Key: FINERACT-13
>                 URL: https://issues.apache.org/jira/browse/FINERACT-13
>             Project: Apache Fineract
>          Issue Type: Bug
>          Components: Loan
>            Reporter: Dayna Harp
>            Assignee: Markus Geiss
>              Labels: p1
>
> https://mifosforge.jira.com/browse/MIFOSX-2398 - See for attachments
> 1. Create a loan product with following data sets,
> Principal:	10,000   ( Min: , Max : )
> Number of Repayments:	12   ( Min: , Max)
> Repay Every:	1  Months
> Nominal Interest Rate:	1   ( Min: , Max)  Per month
> Amortization	Equal installments
> Interest Method	Declining Balance
> Interest Calculation Period	Daily
> Repayment Strategy	Penalties, Fees, Interest, Principal order
> Days in year	Actual
> Days in month	Actual
> Principal Threshold (%) for Last Instalment	0
> 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-Sep-15
> Enable Multiple Disbursals	TRUE
> Maximum Tranche count	2
> Maximum allowed outstanding balance	10000
> 2. Create specified due date charge 1% of amount and attache to the above loan product,
> 3. Submit new loan application for a client on 01 September 2015 with first tranche of
5000 on same date and second tranche on 01 November 2015 and amount 5000. Add specified due
date charge date as 15 September 2015.
> 4. Make repayment on 01 October 2015 in which charge applied on 15 September 2015 got
collected and amount as 50 (1% of disbursed amount).
> 5. Disburse 2nd tranche as 5000 on 01 November 2015.
> > In the repayment schedule 50 is displaying as balance in 01 October 2015 repayment.
> > Application Should not allowed to modify or apply charge for the repayment which
is already paid



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