fineract-dev mailing list archives

Site index · List index
Message view « Date » · « Thread »
Top « Date » · « Thread »
From "Shaik Nazeer Hussain (JIRA)" <j...@apache.org>
Subject [jira] [Commented] (FINERACT-517) "Recalculate Interest for Loans" scheduler job has no effect when partial payment is made with less amount on scheduled date.
Date Thu, 14 Sep 2017 12:58:00 GMT

    [ https://issues.apache.org/jira/browse/FINERACT-517?page=com.atlassian.jira.plugin.system.issuetabpanels:comment-tabpanel&focusedCommentId=16166207#comment-16166207
] 

Shaik Nazeer Hussain commented on FINERACT-517:
-----------------------------------------------

when we do payment for 01 February 2017 , interest is getting updated for remaining installments.

So after that if you Run Scheduler job "Recalculate Interest for Loans' there would be no
effect because it is already updated schedules.

> "Recalculate Interest for Loans" scheduler job has no effect when partial payment is
made with less amount on scheduled date.
> -----------------------------------------------------------------------------------------------------------------------------
>
>                 Key: FINERACT-517
>                 URL: https://issues.apache.org/jira/browse/FINERACT-517
>             Project: Apache Fineract
>          Issue Type: Bug
>          Components: Loan
>            Reporter: Santosh Math
>            Assignee: Markus Geiss
>              Labels: p1
>
> When there is less repayment is made(Ex;  500 in stead of 1000), it is needed to run
the scheduler job but running this scheduler job has no effect and interest is not getting
recalculated .
> 1. Create a loan product (Monthly repayment) with Interest Recalculation enabled. (Reduced
EMI Amount, no compounding is required)
> 2.  Disburse loan on January 1, 2017 whose first repayment date will be 01 February 2017.
> 3.  Consider repayment amount is 800, but you make repayment only 400 on 01 February
2017.
> 4. Run Scheduler job "Recalculate Interest for Loans'
> >When you come back to the loan account, you see the same repayment schedule  before
running the scheduler job.



--
This message was sent by Atlassian JIRA
(v6.4.14#64029)

Mime
View raw message