[FINERACT-1746] Random Installments Generation Issue

• Type: Bug
• Status: Resolved
• Priority: Critical
• Resolution: Fixed
• Affects Version/s: 1.7.0
• Fix Version/s: 1.7.2
• Component/s: Loan
• Assignee: Dhaval Maniyar
• Reporter: Bharath Gowda
• Created: 15/Sep/22 12:03
• Updated: 28/Nov/22 17:54
• Resolved: 08/Nov/22 06:26

Description

In an interest recalculation enabled loan, we are noticing the EMI of the last installment is going wrong for the following scenario 

 

To reproduce

1. Create the loan product as per the config attached
2. Have working day configured from Monday to Friday with "move to next working day"
3. Create a loan account and disburse with the following parameters
   1. Disbursement date: 28 January 2022
   2. First Repayment date: 1 March 2022
   3. amount: 1000
   4. repayment: 12 every 1 month
   5. interest rate 23.9 per annum (which will get you an EMI 94.35
   6. Now make the repayments in the following order
      1. 01-March-2022 - 94.35
      2. 01-April-2022 - 94.35
      3. 03-May-2022 - 94.35
      4. 01-June-2022 - 94.35
      5. 01-July-2022 - 94.35
      6. 01-August-2022 - 94.35
   7. Now check the repayment schedule & EMI & Interest
      1. The whole Installments would be wrong
      2. The last installment amount will be showing the wrong amount.
      3. check the interest amount collected - this is going wrong too
4. Check the schedule screenshot for examples

Issue Links

• blocks: FINERACT-1799 Release Apache Fineract 1.7.2
• links to: GitHub Pull Request #2619
• links to: GitHub Pull Request #2629