[FINERACT-302] Principal Threshold (%) for Last Installment is not working as expected

• Type: Bug
• Status: Open
• Priority: Major
• Resolution: Unresolved
• Fix Version/s: 3.0.0
• Component/s: Loan
• Labels: Triage Volunteer fineract-gci gsoc p1
• External issue URL: https://mifosforge.jira.com/browse/MIFOSX-2031
• Assignee: Nayan Ambali
• Reporter: Santosh Math
• Created: 13/Dec/16 04:27
• Updated: 11/Sep/23 15:39

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

Issue Links

• Blocked: FINERACT-1305 Release Apache Fineract v1.5.0