Title: Message Title
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Sangamesh,
It doesnt look like your used the equal installments setting but instead used the 'Equal Principal' setting for the loan schedule generation? As a result you are not looking for 'equal installments' or what was referred to in old mifos as EMI.
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Test data:-
Submit new loan application for the created client with following data:-
Principal: 15,000
Loan term: 50 Weeks
# Of Repayments: 25
Repaid Every: 2 Weeks
Nominal interest rate %: 25 Per year
Expected disbursement on: 01 January 2011
Amortization: Equal principal instalments
Interest method: Declining balance
Interest calculation perio...
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