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1. Create a loan product with interest recalculation, create a client and activate the same loan for that client. (Disbursement date 12 August 2014, weekly repayment, mifos style, Frequency for recalculate Outstanding Principal as Daily, Frequency for recalculate Outstanding Principal as daily) 2. Make repayment of 4000 on 21 August 2014.
> Since mifos style is selected then overdue interest got collected first then principal to be paid for that particular installment got paid, remaining amount will be collected as advance and collected to the principal. > Since advance repayment is done all future EMI amount should get recalculated and should get reduced. (ie 23.08 + interest upto 20 August 2014 should get collected first and then the principal due ie 2,491.36 should get collected. Remaining amount should go to the principal amount only. Now for the reduced principal amount EMI should get calculated for the remaining 3 installments) which is not happening, > Also interest from the other repayment is also getting deducted which should not happen. what ever advance payment is done should go to the principal only.
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