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https://issues.apache.org/jira/browse/FINERACT-12?page=com.atlassian.jira.plugin.system.issuetabpanels:all-tabpanel
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Edward Cable updated FINERACT-12:
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Labels: Volunteer p1 (was: V p1)
> For Overdue/Due Fee/Int,Principal strategy with variable installment, late
> repayment is not working as expected
> ---------------------------------------------------------------------------------------------------------------
>
> Key: FINERACT-12
> URL: https://issues.apache.org/jira/browse/FINERACT-12
> Project: Apache Fineract
> Issue Type: Bug
> Components: Loan
> Reporter: Dayna Harp
> Assignee: Markus Geiss
> Priority: Major
> Labels: Volunteer, p1
> Fix For: 1.4.0
>
>
> https://mifosforge.jira.com/browse/MIFOSX-2401
> 1. Create loan product with following datasets,
> Terms
> Terms vary based on loan cycle : false
> Principal: 10,000 ( Min: , Max : )
> Number of Repayments: 12 ( Min: , Max)
> Repay Every: 1 Months
> Nominal Interest Rate: 1 ( Min: , Max) Per month
> Minimum days between disbursal and first repayment date
> Settings
> Amortization Equal installments
> Interest Method Declining Balance
> Interest Calculation Period Daily
> Arrears Tolerance
> Repayment Strategy Overdue/Due Fee/Int,Principal
> Days in year Actual
> Days in month Actual
> Principal Threshold (%) for Last Instalment 0
> Allow fixing of the installment amount No
> Variable Installments (Min:0 , Max:365)
> Interest Recalculation
> Recalculate Interest Yes
> Advance payments adjustment type Reduce number of installments
> Pre-closure interest calculation rule Calculate till pre closure date
> Interest recalculation compounding on None
> Frequency for recalculate Outstanding Principal Daily
> Frequency Interval for recalculation 1
> Frequency Date for recalculation 01 October 2015
> Is Arrears recognization based on original schedule No
> 2. Create a client and submit new loan application on 01 October 2015.
> 3. Click on More -> Edit repayment schedule in which delete repayment for 01
> November 2015 and click on validate and submit button.
> 4. Approve and disburse loan on 01 October 2015.
> 5. Make repayment on 15 December 2015.
> > In Overdue/Due Fee/Int,Principal repayment strategy one entry on 15
> > December 2015 should get created, which is not getting getting created.
> > Interest should get calculated upto 14 December 2015. (Disbursement date 01
> > October 2015 and first repayment is doing on 15 December 2015).
> Attachments: https://mifosforge.jira.com/browse/MIFOSX-2401
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