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From "Santosh Math (JIRA)" <j...@apache.org>
Subject [jira] [Comment Edited] (FINERACT-354) Issue with Foreclosure of Loan Account(variable installment enabled)
Date Mon, 13 Feb 2017 11:53:41 GMT

    [ https://issues.apache.org/jira/browse/FINERACT-354?page=com.atlassian.jira.plugin.system.issuetabpanels:comment-tabpanel&focusedCommentId=15863530#comment-15863530
] 

Santosh Math edited comment on FINERACT-354 at 2/13/17 11:53 AM:
-----------------------------------------------------------------

There is another work around to deal with this issue. You can waive interest before foreclosing.



was (Author: santoshmath):
There is another work around to deal with issue. You can waive interest before foreclosing.


> Issue with Foreclosure of Loan Account(variable  installment enabled) 
> ----------------------------------------------------------------------
>
>                 Key: FINERACT-354
>                 URL: https://issues.apache.org/jira/browse/FINERACT-354
>             Project: Apache Fineract
>          Issue Type: Bug
>          Components: Loan
>            Reporter: Santosh Math
>            Assignee: Markus Geiss
>              Labels: p2
>         Attachments: 1.png, 2.png, 3.png, 4.png
>
>
> steps to  reproduce:
> 1. Create  any loan product with variable installment(from 1 to  365 days)
> 2. Submit loan application with this loan product. Don't approve  it.
> 3. Go to 'More' and click on 'Edit Repayment Schedule'. Edit first repayment schedule
date so that it falls on disbursement date.(Lets say 01 January 2015 is submitted date, first
repayment date is 01 Feb  2015, let's edit this date to 15 Jan 2015, ie.. disbursement date).
> 4. Approve the loan  on 01 Jan 2015 and disburse it  on 15 Jan 2015. 
> 5. On Loan account  page,  Click on Foreclosure and select the foreclosure date as 15
Jan 2015.
> >> As Disbursement date  is same as foreclosure date, there should not be any interest
on principal, but it is showing some amount  of interest.
> Check the attached files with this issue. Their numbers  are in the order of this process.




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