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From "Santosh Math (JIRA)" <j...@apache.org>
Subject [jira] [Updated] (FINERACT-431) Should not allow more than expected loan term based on 'number of repayments' and 'Repaid every' values.
Date Wed, 19 Apr 2017 12:02:42 GMT

     [ https://issues.apache.org/jira/browse/FINERACT-431?page=com.atlassian.jira.plugin.system.issuetabpanels:all-tabpanel
]

Santosh Math updated FINERACT-431:
----------------------------------
    Labels: p2  (was: )

> Should not allow more than expected  loan term based on 'number of repayments' and 'Repaid
every' values.
> ---------------------------------------------------------------------------------------------------------
>
>                 Key: FINERACT-431
>                 URL: https://issues.apache.org/jira/browse/FINERACT-431
>             Project: Apache Fineract
>          Issue Type: Improvement
>          Components: Loan
>            Reporter: Mexina Daniel
>            Assignee: Markus Geiss
>            Priority: Minor
>              Labels: p2
>
> In loan application, the frequency of the loan term has to be the same with the frequency
of repaid every (days/weeks/months/years), by this : loan term = number of repayment x repaid
every.
> e.g 
> 1. Create a loan product and fill the necessary requirements (put default number of repayment
= 6, repaid every = 1 month)
> 2. Create a loan account to an active client and fill all necessary requirement ( put
loan term = 8 months), leave the number of repayment to 6.
> The system is allowing the loan term to be greater than (number of repayments x repaid
every) and provide the repayment schedule based on 'number of repayments' and 'repaid every'
values
> It should deny the submission and through an error like when you provide loan term less
than (number of repayments x repaid every)



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