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From "Santosh Math (JIRA)" <j...@apache.org>
Subject [jira] [Updated] (FINERACT-466) For the loans without Interest Recalculation, Prepay Loan is collecting all installment Fees in stead of collecting installment fees until the prepay date
Date Wed, 24 May 2017 13:17:04 GMT

     [ https://issues.apache.org/jira/browse/FINERACT-466?page=com.atlassian.jira.plugin.system.issuetabpanels:all-tabpanel
]

Santosh Math updated FINERACT-466:
----------------------------------
    Labels: gsoc2017 p1  (was: gsoc2017 p2)

> For the loans without Interest Recalculation, Prepay Loan is collecting all installment
Fees in stead of collecting installment fees until the prepay date
> ----------------------------------------------------------------------------------------------------------------------------------------------------------
>
>                 Key: FINERACT-466
>                 URL: https://issues.apache.org/jira/browse/FINERACT-466
>             Project: Apache Fineract
>          Issue Type: Bug
>          Components: Charges, Loan
>            Reporter: Santosh Math
>            Assignee: Markus Geiss
>              Labels: gsoc2017, p1
>
> 1. Create a loan product without Interest recalculation,monthly repayment, Equal Installments,
Declining balance and 12 repayments with installment fee 
>  100((flat, monthly) attached.
> 2. Disburse the loan on 01 January 2017.
> 3 Prepay the loan on 15 February 2017.
> > Expected Result: The installment fee should be collected: 100
> >Actual  Result: The installment fee  getting collected: 1200(all installment fees)
> P.S: This issue doesn't exist with loans having interest recalculation. 



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