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From "May Myint (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, 21 Sep 2017 08:42:00 GMT

    [ https://issues.apache.org/jira/browse/FINERACT-517?page=com.atlassian.jira.plugin.system.issuetabpanels:comment-tabpanel&focusedCommentId=16174443#comment-16174443
] 

May Myint commented on FINERACT-517:
------------------------------------

[~nazeer1100126] [~santoshmath] The interest recalculation for partial payment still does
not work. https://demo.openmf.org/#/viewloanaccount/1595. There is no change in the installment
(Reduce EMI amount option chosen).

> "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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