[FINERACT-1525] Interest calculation & Schedule Issue with repayments after Maturity Date

• Type: Bug
• Status: Open
• Priority: Critical
• Resolution: Unresolved
• Affects Version/s: 1.5.0
• Component/s: Loan
• Assignee: Unassigned
• Reporter: Bharath Gowda
• Created: 10/Mar/22 14:59
• Updated: 10/Mar/22 15:05

Description

On a daily interest recalculation loan account, when repayment is collected after the maturity date, interest calculation seems to be wrong and repayment schedule allocation is also not happening correctly.

 

To Reproduce

 

1. Create a loan product with daily interest calculation and interest recalculation enabled.

check the attachment for loan product config

2. Create a loan account and make repayment after the maturity date and check the interest calculation of that repayment.

Refer attached loan example pdf for step- by step reproducible details