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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

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            • Assignee:
              nayanambali Nayan Ambali
              Reporter:
              santoshmath Santosh Math

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