Uploaded image for project: 'Apache Fineract'
  1. Apache Fineract
  2. FINERACT-1919

Loan Schedule due dates are lessened when a smaller month comes in between

    XMLWordPrintableJSON

Details

    • Bug
    • Status: Resolved
    • Major
    • Resolution: Fixed
    • 1.8.4
    • 1.9.0
    • None
    • None

    Description

      When we create a monthly loan, with first Repayment Date as 31-(Jan,Mar,May,....) or 
      30-(Jan,Mar,Apr,....) then from March onwards, the dueDate will reduce to 28/29 depending upon whether it is a leap year or not.

      This behaviour should also happen when we create a loan with firstRepaymentDate as 31 May, then from June/July onwards the due date will be set to 30.

      It should ideally be set to the date at which the firstRepayment started if it is possible in that month.

      To reproduce, 
      disburse a loan on 31 December 2022.
      first repayment date as 31 January 2023

      loan tenure - 12 months

      Attachments

        1. Screenshot 2023-04-06 at 5.15.14 PM.png
          265 kB
          Mohit Sinha
        2. Screenshot 2023-04-06 at 5.15.41 PM.png
          309 kB
          Mohit Sinha
        3. Screenshot 2023-04-06 at 5.13.52 PM.png
          824 kB
          Mohit Sinha

        Issue Links

          Activity

            People

              mohitsinha Mohit Sinha
              mohitsinha Mohit Sinha
              Votes:
              0 Vote for this issue
              Watchers:
              2 Start watching this issue

              Dates

                Created:
                Updated:
                Resolved: