[FINERACT-1443] Reschedule loan causing wrong interest calculation of last 3-4 installments

• Type: Bug
• Status: Resolved
• Priority: Major
• Resolution: Fixed
• Affects Version/s: 1.8.0
• Fix Version/s: 1.6.0
• Assignee: Manoj Mohanan
• Reporter: Bharath Gowda
• Created: 20/Nov/21 07:10
• Updated: 18/Feb/22 20:51
• Resolved: 18/Feb/22 20:15

Description

Reschedule loan causing wrong interest calculation of last 3-4 installments

 

 

To reproduce,

1. Create a loan product with the configuration attached
2. Create a loan account with a disbursement date as 23-Jan-2021 and the First repayment date as 01-Mar-2021.
3. Approve and disburse the loan as of 23-Jan-2021.
4. Make repayment for 01-Mar-2021
5. Now reschedule the loan - CHECK SCREENSHOT FOR RESCHEDULE VALUES (make sure the configuration "is-interest-to-be-appropriated-equally-when-greater-than-EMI" is enabled.
6.  Now check the schedule EMI and total interest. Total interest would be around 1223
7. Now make repayment for 27-Aug-2021- this will change the interest to 1450 and a few installments EMI would be changed.

Refer screenshots for more understanding

Issue Links

• links to: GitHub Pull Request #1997
• links to: GitHub Pull Request #2033
• links to: GitHub Pull Request #2036