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https://issues.apache.org/jira/browse/FINERACT-1617?page=com.atlassian.jira.plugin.system.issuetabpanels:comment-tabpanel&focusedCommentId=18049020#comment-18049020
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Adam Saghy commented on FINERACT-1617:
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The calculation is correct:
For July 1, August 1, September 1
(30000*0.08/365*(30+31+31))
For the rest
(20789.04*0.08/365)*(339-30-31-31)
Every 4 months can the interest be recalculated based the outstanding principal
> Interest calculation & Schedule Issue with repayments after Maturity Date
> (Same as Repayment Period)
> ----------------------------------------------------------------------------------------------------
>
> Key: FINERACT-1617
> URL: https://issues.apache.org/jira/browse/FINERACT-1617
> Project: Apache Fineract
> Issue Type: Bug
> Components: Loan
> Affects Versions: 1.6.0
> Reporter: Faheem Ahmed
> Priority: Major
> Attachments: Declining Balance - Same as Repayment Period.docx
>
>
> On a "same-as-repayment-period" interest recalculation loan account, when
> repayment is collected after the maturity date, interest calculation seems to
> be wrong.
>
> To Reproduce
> 1. Create a loan product with daily interest calculation and interest
> recalculation enabled.
> check the attachment for loan product config
> 2. Create a loan account and make repayment after the maturity date and check
> the interest calculation of that repayment.
> Refer attached loan example pdf for step- by step reproducible details
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