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  1. Apache Fineract
  2. FINERACT-302

Principal Threshold (%) for Last Installment is not working as expected

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      Description

      Reported by Subramanya at https://mifosforge.jira.com/browse/MIFOSX-2031

      Original Desription:

      1. Create loan product with out mentioning any thing in the "Principal Threshold (%) for Last Instalment" - by default it is getting set to zero
      Instead it should get set to 50%
      2, Create a client and submit new loan application wit the above mentioned loan product on 01 Jan 2015 with interest recalculation -> Approve and disburse on same date.
      3. The last installment is getting collected more amount than EMI.
      If the "Principal Threshold (%) for Last Instalment" is set to zero then then the last installment should never be combined with the previous installment even if the last installment amount is of a very small value.
      But here it is displaying the amount>last installment amount

        Attachments

        1. Scr-664.png
          109 kB
          Santosh Math
        2. Screenshot from 2018-12-23 22-13-02.png
          8 kB
          Sanyam Goel
        3. Screenshot from 2018-12-23 22-14-34.png
          43 kB
          Sanyam Goel

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              • Assignee:
                nayanambali Nayan Ambali
                Reporter:
                santoshmath Santosh Math
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                • Created:
                  Updated: