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https://issues.apache.org/jira/browse/FINERACT-1542?page=com.atlassian.jira.plugin.system.issuetabpanels:all-tabpanel
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Manoj Mohanan resolved FINERACT-1542.
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Resolution: Fixed
> System is calculating incorrect interest when late payment is made after
> rescheduling
> -------------------------------------------------------------------------------------
>
> Key: FINERACT-1542
> URL: https://issues.apache.org/jira/browse/FINERACT-1542
> Project: Apache Fineract
> Issue Type: Bug
> Reporter: Vikranth Ramasami
> Priority: Major
> Attachments: Incorrect interest calculation late payment after
> rescheduling.docx
>
>
> # Create a working day in the System -> organization.
> # Set up the Saturday and Sunday as non-working days
> # Create a loan with Principal = 12000, Number of repayments = 12, rate of
> interest = 12%
> # Keep the disbursement date = 10th May 2021
> # Keep the first repayment date = 14th June 2021
> # Perform a date payment on 14th June
> # Make the repayment of 14th July on 15th July
> # Perform a rescheduling and move the repayment of 16th August to 31st August
> # Perform a repayment of 31st August on 31st August
> # Perform a late payment of 30th September on 1st October
> The system is settling the 30th September and also it is creating a new
> installment on 1st October with incorrect interest
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