Hi Karthik, Can you reproduce the same issue here?
https://demo.openmf.org (mifos/password) On Sun, Apr 8, 2018 at 12:21 AM, Karthik Ananthakrishnan < karthi...@beyondsquare.com> wrote: > Hello all, > > Facing negative interest issue when creating trache loan. Below is the > details. Can someone tell if you have faced the same issue and fixed.? Or > are we making any mistake while creating the loan. > > We have created a new Tranche Loan as follows: > Disbursement Date: 01/05/2018 > Principal : 100,000 > Loan Term : 60 Months > Number Of Repayments: 60 > Repaid Every: 1 Month > First Repayment: 31 May 2018 > Nominal Interest Rate: 10 per Year > Interest Method: Declining Balance > Amortization: Equal Installments > Interest Calculation Period: Same as Repayment Period > Calculate interest for exact days in partial period: True > > Loan Tranche Details: > Maximum allowed outstanding balance: 100,000 > Expected Disbursement On Principal > 01/05/2018 20,000 > 05/05/2018 30,000 > 10/05/2018 40,000 > 15/05/2018 10,000 > > The loan creation screenshots are attached > Below(LoanCreation1,LoanCreation2,LoanCreation3,LoanCreation4) > > When we create this loan, the repayment schedule generated gives the > Interest for the first installment as a negative value. > This issue is only faced when we explicitly mention the first repayment > date in the same month as of the tranche expected disbursement date. The > repayment schedule generated is also attached (RepaymentSchedule). > > Thanks, > Karthik > > > -- 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
