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Date: Fri, 15 Sep 2017 04:29:00 +0000 (UTC)
From: "Santosh Math (JIRA)" <jira@apache.org>
To: dev@fineract.incubator.apache.org
Message-ID: <JIRA.13098162.1503983510000.119677.1505449740064@Atlassian.JIRA>
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References: <JIRA.13098162.1503983510000@Atlassian.JIRA> <JIRA.13098162.1503983510013@jira-lw-us.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.
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archived-at: Fri, 15 Sep 2017 04:29:04 -0000


    [ https://issues.apache.org/jira/browse/FINERACT-517?page=com.atlassian.jira.plugin.system.issuetabpanels:comment-tabpanel&focusedCommentId=16167311#comment-16167311 ] 

Santosh Math commented on FINERACT-517:
---------------------------------------

[~nazeer1100126], if scheduler job ' Recalculate Interest for Loans' has no effect if we make more repayment or less repayment and interest is being recalculated without the need for running the job, is it good to remove that job so that others dont' get confusion?


> "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: Santosh Math
>              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.


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