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  1. Apache Fineract
  2. FINERACT-1350

System is creating a incorrect entry in the repayment schedule on performing a bulk posting towards more than 1 overdue EMI

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Details

    • Bug
    • Status: Open
    • Major
    • Resolution: Unresolved
    • None
    • None
    • Loan

    Description

      Steps To Reproduce:

      • Create a lease with 12 payments, which is having the repayment strategy - Interest, Principal, Penalties, Fees Order
      • Repayment on 1st of every month
      • First repayment date = 1st February 2021
      • Current date = 30th April 2021
      • EMI amount = 14578
      • perform a repayment with the transaction date as 30th April 2021 with the transaction amount as 20,000

       

      Actual Behavior:

      System is clearing the complete 01st February 2021 installment and partially clearing the 01st March 2021 Interest but it is creating a installment on 30th April 2021 with principal 0 and interest amount for the 29 days and the 1st may installment is adjusted with the interest amount of 1 day

       

      Expected Behavior:

      System on performing a repayment should clear the EMI of 1st February 2021 and Partial interest of 1st march 2021 and it should not create a new installment.

       

      CC avikg , fynmanoj

      Attachments

        1. Product set up.png
          415 kB
          Vikranth Ramasami
        2. Product set up.png
          415 kB
          Vikranth Ramasami
        3. Loan Set up.png
          418 kB
          Vikranth Ramasami
        4. Loan Set up.png
          418 kB
          Vikranth Ramasami
        5. Issue_Screenshot_Repayment.docx
          919 kB
          Vikranth Ramasami

        Activity

          People

            Unassigned Unassigned
            vikranth Vikranth Ramasami
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            Dates

              Created:
              Updated: