[ https://issues.apache.org/jira/browse/FINERACT-59?page=com.atlassian.jira.plugin.system.issuetabpanels:all-tabpanel ]
Shaik Nazeer Hussain resolved FINERACT-59. ------------------------------------------ Resolution: Fixed > Interest calculation for flat interest loans incorrect for "Same as repayment > period" > ------------------------------------------------------------------------------------- > > Key: FINERACT-59 > URL: https://issues.apache.org/jira/browse/FINERACT-59 > Project: Apache Fineract > Issue Type: Bug > Reporter: Sander van der Heijden > Assignee: Markus Geiss > Priority: Critical > > After the recent refactoring of the interest calculation code, the generation > of flat interest loan schedules is having unexpected behaviour when the 'Same > as Repayment period' calculation type is selected. > Scenario: > - 6 month flat loan of 10,000 > - Interest rate of 20% annual > - Disbursement date: 01-03-2016 > - First repayment date: 09-03-2016 > Expected result: > - Total interest of 10,000 * (20%/12)*6 terms = 1000 > Current result: > - Total interest calculated over 6 months + 8 days (the extra 8 at the start > of the loan). -- This message was sent by Atlassian JIRA (v6.3.4#6332)