bharath gowda created FINERACT-1443:
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Summary: Reschedule loan causing wrong interest calculation of
last 3-4 installments
Key: FINERACT-1443
URL: https://issues.apache.org/jira/browse/FINERACT-1443
Project: Apache Fineract
Issue Type: Bug
Affects Versions: 1.5.0
Reporter: bharath gowda
Fix For: 1.6.0
Attachments: Schedule_issue.png, loanproductconfiguration.png,
paramters for rescheduling.png, schedule_beforeissue.png
Reschedule loan causing wrong interest calculation of last 3-4 installments
To reproduce,
# Create a loan product with the configuration attached
# Create a loan account with a disbursement date as 23-Jan-2021 and the First
repayment date as 01-Mar-2021.
# Approve and disburse the loan as of 23-Jan-2021.
# Make repayment for 01-Mar-2021
# Now reschedule the loan - CHECK SCREENSHOT FOR RESCHEDULE VALUES (make sure
the configuration
"is-interest-to-be-appropriated-equally-when-greater-than-EMI" is enabled.
# Now check the schedule EMI and total interest. Total interest would be
around 1223
# Now make repayment for 27-Aug-2021- this will change the interest to 1450
and a few installments EMI would be changed.
Refer screenshots for more understanding
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