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From "Shaik Nazeer Hussain (JIRA)" <j...@apache.org>
Subject [jira] [Resolved] (FINERACT-417) The interest distributed is not correct when "interest free period" has a value and interest method is flat
Date Fri, 05 May 2017 12:01:04 GMT

     [ https://issues.apache.org/jira/browse/FINERACT-417?page=com.atlassian.jira.plugin.system.issuetabpanels:all-tabpanel
]

Shaik Nazeer Hussain resolved FINERACT-417.
-------------------------------------------
       Resolution: Fixed
         Assignee: Santosh Math  (was: Markus Geiss)
    Fix Version/s: 1.0.0

> The interest distributed is not correct when "interest free period" has a value and interest
method is flat
> -----------------------------------------------------------------------------------------------------------
>
>                 Key: FINERACT-417
>                 URL: https://issues.apache.org/jira/browse/FINERACT-417
>             Project: Apache Fineract
>          Issue Type: Bug
>          Components: Loan
>            Reporter: Mexina Daniel
>            Assignee: Santosh Math
>              Labels: p1
>             Fix For: 1.0.0
>
>
> When in loan product the "interest free period" has a value, In the Repayment Schedule,
the total interest required is correct but the distribution of the interest is not.
> Reproduce by:
> 1 Create loan product: Admin->Products->Loan Product->Create 
> 2. Default amount 40,000, re-payed every 1 month, number of repayments 4., nominal interest
rate 10, interest free period put  1, interest method : flat
> 3.Submit
> 4. Apply a loan to an active client and submit
> When you view a repayment schedule, the interest in first installment is 0, the interest
in rest of installment are not equal even though it gives the correct total interest.



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