1. Create a Tranche Loan product with 2 tranches, and charges due at disbursement, create a client. 2. Submit a new tranche loan application for a client on 06 July 2014 and expected disbursement on same date. fix EMI amount as 1000, in first tranche disburse amount of 20000 on 06 August 2014, and in second tranche disburse amount of 25000, loan term is 52 weeks, repaid every 2 weeks, interest charged from 06 August 2014, first repayment on 31 August 2014, attach charge of 1% and 0.4% of amount as 2 saperate charges due on disbursement. -> Approve and disburse the loan. 3. Make repayment on 31 August 2014.
After making the repayment the amount equal to fees collected is displaying as due, though proper repayment is done on due date.
|