Hi Ed, 40 Rupees interest is for one month. The loan reschedule is weekly. So,
Daily Interest : 40/30 = 1.333 Weekly Interest: 1.333 x 7 = 9.33 So, total interest 4 weekly instalment : 9.33 x 4 = 37.33. Regards Santosh On Thu, Jan 24, 2019 at 2:57 PM <edm...@taatconsulting.com> wrote: > > Team, > > Kindly check the loan account at > https://demo.openmf.org/#/viewloanaccount/3148 . > > Total interest due on the loan account is 40 Rupees , but im getting 37.33 > Rupees.. > > When i attempt the same loan transaction but with a change to loan product > configuration ( i.e* Repay Every 1 Month* ) the schedule calculates > correctly. > > Is there any other configuration i should set on the loan product ? > > > Regards > > > > > -- Thanks & Regards Santosh Math *QA Engineer* *Conflux Technologies Pvt Ltd <http://www.confluxtechnologies.com/>* | *Office*: +91-080-41208662 | *Address*: #304, 2nd Floor, 7th Main Road, HRBR Layout 1st Block, Bengaluru, Karnataka, 560043 INDIA
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