bharath gowda created FINERACT-1397:
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Summary: Interest calculation issue when repayment is made on the
disbursement day
Key: FINERACT-1397
URL: https://issues.apache.org/jira/browse/FINERACT-1397
Project: Apache Fineract
Issue Type: Bug
Components: Loan
Affects Versions: 1.5.0
Reporter: bharath gowda
Assignee: Avik Ganguly
Fix For: 1.5.1
Attachments: interest calculation issue.xlsx, product configuration.png
Interest calculation is wrong when repayment is made on the disbursement day
for the daily interest loan product
To reproduce the issue
1. Create a loan product with daily interest calculation and interest
recalculation enabled.(have attached the screenshot of the loan product
configuration)
2. Create/approve/disburse a loan account with a first repayment date of 30
days gap from the disbursement date.
3. Make the repayment on the same day of the disbursement date and verify the
interest
check excel calculation for example issue and expected result.
Any other date apart from the disbursement date repayment the interest
calculation is happening currently.
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