bharath gowda created FINERACT-1403:
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Summary: Advance repayment issue after loan rescheduling
Key: FINERACT-1403
URL: https://issues.apache.org/jira/browse/FINERACT-1403
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: after advance repayment.png, before advance
repayment.png, product configuration.png
The loan repayment schedule is calculating the wrong principal when advance
payment is done after the loan reschedule is done.
To reproduce,
1. Create a loan product as per the shared screenshot
2. Create a loan account and reschedule any installment and make the payment
for the rescheduled date
3. Make an advance payment for an installment (for any installment after the
rescheduled installment)
Issue
when advance payment is done, the system is changing the principal amount, and
in turn, the installment is still not completely paid
because of this, the loan is considered overdue even if the payment is done
on/before time.
Please find the example screenshot attached of the issue loan with complete
explanation and expected result
please do let me know if you need any more clarification
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