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https://issues.apache.org/jira/browse/FINERACT-517?page=com.atlassian.jira.plugin.system.issuetabpanels:comment-tabpanel&focusedCommentId=16198138#comment-16198138
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May Myint commented on FINERACT-517:
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The interest is being recalculated for partial payments. One other thing we
were hoping to have is that if say the client repays 1500 instead of due amount
of 2000, to have the remaining principal due be added back to the Balance of
loan. So that one repayment period will be done with 1500. Would that be
possible?
> "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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