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From "Santosh Math (JIRA)" <j...@apache.org>
Subject [jira] [Commented] (FINERACT-166) Installment fee should not get collected if the prepay of loan is done before first repayment
Date Thu, 23 Feb 2017 10:11:44 GMT

    [ https://issues.apache.org/jira/browse/FINERACT-166?page=com.atlassian.jira.plugin.system.issuetabpanels:comment-tabpanel&focusedCommentId=15880218#comment-15880218
] 

Santosh Math commented on FINERACT-166:
---------------------------------------

I tested it on 16.12.01.RELEASE and found that even the loan prepaid on 15 January 2015, it
is collecting all instalment Fees. There  is other work around to waive charge but we have
to waive charge individually for each instalment. 

> Installment fee should not get collected if the prepay of loan is done before first repayment
> ---------------------------------------------------------------------------------------------
>
>                 Key: FINERACT-166
>                 URL: https://issues.apache.org/jira/browse/FINERACT-166
>             Project: Apache Fineract
>          Issue Type: Bug
>          Components: Charges, Loan
>            Reporter: subramanyasn
>            Assignee: Markus Geiss
>              Labels: p2
>
> 1. Create a loan product with interest recalculation and with installment fee attached.

> 2. Submit new loan application for a client on 01 Jan 2015. Approve and disburse on same
date.
> 3. Prepay the loan on 15 Jan 2015, in prepay loan page the amount displayed is including
the charge. but loan get closed. 
> > the charge amount should not get collected in prepay page.



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