Marcell created FINERACT-612:
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Summary: Interest Calculation for partial early payment is
incorrect
Key: FINERACT-612
URL: https://issues.apache.org/jira/browse/FINERACT-612
Project: Apache Fineract
Issue Type: Bug
Components: Loan
Affects Versions: 1.0.0
Environment: https://demo.openmf.org/#/viewloanaccount/2522
Reporter: Marcell
Loan Configuration :
Interest : 32.04% / year
Loan term 150 Days
Repayment : 1x
Disburse date : 4 Oct 2017
Mature Date : 3 Mar 2018
Loan Amount : 85,000,000
1st early repayment
Date : 25 Jan 2018
Amount : 9,000,000
Expected allocated paid to interest : 113 Days x (32.04%/360) = 8,548,450
Expected allocated paid to pricipal : 9,000,000 - 8,548,450 = 451,550
However, Mifos allocate all payment into interest
https://demo.openmf.org/#/viewloanaccount/2522
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