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  1. Apache Fineract
  2. FINERACT-1403

Advance repayment issue after loan rescheduling

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Details

    • Bug
    • Status: Open
    • Major
    • Resolution: Unresolved
    • 1.5.0
    • 1.10.0
    • Loan
    • None

    Description

      The loan repayment schedule is calculating the wrong principal when advance payment is done after the loan reschedule is done.

       

      To reproduce,

      1. Create a loan product as per the shared screenshot

      2. Create a loan account and reschedule any installment and make the payment for the rescheduled date

      3. Make an advance payment for an installment (for any installment after the rescheduled installment)

      Issue 

      when advance payment is done, the system is changing the principal amount, and in turn, the installment is still not completely paid

      because of this, the loan is considered overdue even if the payment is done on/before time.

       

      Please find the example screenshot attached of the issue loan with complete explanation and expected result

      please do let me know if you need any more clarification

      Attachments

        1. after advance repayment.png
          143 kB
          Bharath Gowda
        2. before advance repayment.png
          52 kB
          Bharath Gowda
        3. product configuration.png
          155 kB
          Bharath Gowda

        Activity

          People

            avikg Avik Ganguly
            bgowda Bharath Gowda
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            Dates

              Created:
              Updated: