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https://issues.apache.org/jira/browse/FINERACT-19?page=com.atlassian.jira.plugin.system.issuetabpanels:all-tabpanel
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Santosh Math updated FINERACT-19:
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Fix Version/s: (was: 1.3.0)
> On time loan payment, Overdue Charge should be principal ony
> ------------------------------------------------------------
>
> Key: FINERACT-19
> URL: https://issues.apache.org/jira/browse/FINERACT-19
> Project: Apache Fineract
> Issue Type: Bug
> Components: Loan
> Reporter: Dayna Harp
> Assignee: Markus Geiss
> Priority: Major
> Labels: Volunteer, p1
>
> https://mifosforge.jira.com/browse/MIFOSX-2400 - see for attachments
> 1. Create a simple loan product with with monthly repayment and overdue
> charge as flat 100 attached.
> 2. Create a client and submit new loan application for a client on 01
> September 2015 approve and disburse on same date.
> 3. Execute scheduler job "Apply penalty for overdue loans".
> 4. Now overdue charge got applied for 01 October 2015, 01 November 2015 and
> 01 December 2015 repayments.
> 5. Make back dated repayment with the amount displayed in repayment schedule
> on 01 October 2015.
> Expected behavior:
> .Since the repayment is done on time the extra amount ie 100 paid should go
> to the principal only.
> Actual behavior:
> The extra amount 100 is getting collected as advance payment for the
> immediate next repayment.
> Also for the 1st of January the penalty displayed wrongly.
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