[FINERACT-1617] Interest calculation & Schedule Issue with repayments after Maturity Date (Same as Repayment Period)

• Type: Bug
• Status: Open
• Priority: Major
• Resolution: Unresolved
• Affects Version/s: 1.6.0
• Component/s: Loan
• Assignee: Unassigned
• Reporter: Faheem Ahmed
• Created: 06/May/22 14:06
• Updated: 06/May/22 14:08

Description

On a "same-as-repayment-period" interest recalculation loan account, when repayment is collected after the maturity date, interest calculation seems to be wrong.

 

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