bharath gowda created FINERACT-1745:
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Summary: Loan Schedule Final Installment calculation issue
Key: FINERACT-1745
URL: https://issues.apache.org/jira/browse/FINERACT-1745
Project: Apache Fineract
Issue Type: Bug
Components: Loan
Affects Versions: 1.7.0
Reporter: bharath gowda
Attachments: loan product.png, schedule after issue reproducing.png,
schedule before issue.png
In an interest recalculation enabled loan, we are noticing the EMI of the last
installment is going wrong for the following scenario
To reproduce
# Create the loan product as per the config attached
# Have working day configured from Monday to Friday with "move to next working
day"
# Create a loan account and disburse with the following parameters
## Disbursement date: 6th May 2022
## First Repayment date: 27th May 2022
## amount: 7800
## repay: 60 every 1 month
## interest rate 8.9 per annum (which will get you an EMI 161.08
## Now make the repayments in the following order
### 27-May-2022 - 161.08
### 27-June-2022 - 161.08
### 27-Jule-2022 - 161.08
### 30-August-2022 - 161.08
### 01-sept-2022 - 15
## Now check the repayment schedule EMI of the last installment it will be
showing the wrong amount.
# Check the schedule screenshot for examples
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