Hi devs, I'm doing some test with some products and I'm bringing this issue. I don't know if this is the right way it should work but for me I doesn't seem like it is.
When I make a repayment equal or greater than the installment amount before the last installment date, the principal amount for the installment is greater and It just seems like I still have some outstanding amount left to pay for the installment. I'm attaching some pictures for you to see this issue. This is my loan product configuration for interest recalculation [cid:[email protected]] This is my original schedule, notice how I only have to pay 581.75 for the first installment, [cid:[email protected]] I make a repayment of the total installment amount one day earlier than expected payment day [cid:[email protected]] And lastly notice how even tough I already paid the total amount for the installment, I still continue to have some outstanding amount and this continues with every early repayment I make which causes my account to be in arrears unless I make the repayment on the expected payment date as I still have some outstanding amount from that installment. [cid:[email protected]] I think this is wrong because if I make an early repayment with an amount equal or greater than the payment amount I shouldn't have any outstanding amount left. I will appreciate your feedback on if this is how early repayments are expected to work with interest recalculation enabled. Thanks for your attention. Regards, Angel
