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https://issues.apache.org/jira/browse/FINERACT-317?page=com.atlassian.jira.plugin.system.issuetabpanels:all-tabpanel
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Shaik Nazeer Hussain resolved FINERACT-317.
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Resolution: Fixed
Assignee: Santosh Math (was: Markus Geiss)
Fix Version/s: 1.0.0
> Installment amount defined for flat type loans is not working properly for
> Amortization "Equal Installments"
> -------------------------------------------------------------------------------------------------------------
>
> Key: FINERACT-317
> URL: https://issues.apache.org/jira/browse/FINERACT-317
> Project: Apache Fineract
> Issue Type: Improvement
> Components: Loan
> Reporter: Santosh Math
> Assignee: Santosh Math
> Labels: p1
> Fix For: 1.0.0
>
> Attachments: 115.png, 116.png
>
>
> Reported by Subramanya at https://mifosforge.jira.com/browse/MIFOSX-2260
> Original Description:
> 1. Create Loan product with Amortization -"Equal Installment" and Interest
> type as "Flat", Select the check box "Allow fixing of the installment amount".
> 2. Submit new loan application for a client with the above loan product on 01
> September 2015, Loan amount 10000, no. of repayments 12, repaid every 1
> month, define installment amount as 950.
> > Since installment amount is defined all installment amount should be 950,
> > since flat interest method is defined interest calculated should be 100
> > throughout the loan and for last installment the repayment should get
> > adjusted with the balance.
> > Here it is displaying installment amount as 933.33 only.
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