[FINERACT-2143] Dynamic loan product prepayment results mismatching Schedule and accounting

• Type: Bug
• Status: Open
• Priority: Major
• Resolution: Unresolved
• Assignee: Unassigned
• Reporter: Mihaly Dallos
• Created: 18/Oct/24 08:20
• Updated: 18/Oct/24 08:21

Description

Steps to reproduce: 

1. Dusburse a loan of a dynamic loan product
2. make a repayment in between two instalments
3. compare the transaction and the schedule

Actual result:

The schedule shows that the paid amount reduces the principal, and interest is calculated accordingly which remains outstanding. The transaction amount is allocated differently though, it shows that the interest is paid and only the remaining amount is spent on the principal. 

Schedule: 

Transaction:

Expected result:

The payment is spent on the interest until payment date. The remaining spent on the balance and interest due is calculated for the rest of the days till next installment due.