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  1. Apache Fineract
  2. FINERACT-344

Should not allow to add guarantor ,If savings account activation date is gretar than loan application submitted date



    • Type: Bug
    • Status: Closed
    • Priority: Major
    • Resolution: Fixed
    • Affects Version/s: None
    • Fix Version/s: 1.0.0
    • Component/s: Loan
    • Labels:


      Original Description:
      1. Create a Loan Product with the following credentials
      -->principal amount as 10000,Number of repayments 12,Nominal Interest rate 1% p.a,Rapid every 1 month,Amortization as Equal installments ,Interest Method as Declining Balance,Interest Calculation Period as Same as repayment period,Repayment Strategy as Mifos style ,In Guarantee Requirements check Place Guarantee Funds On-Hold? give Mandatory Guarantee: (%) as 100, Minimum Guarantee from Own Funds: (%) as 50, Minimum from Guarantor Funds: (%) 50.
      2.Create 2 Clients and activate on 1 jan 2014, active 1 saving account for each client with balance 50000 on 1 may 2015
      3. Submit new loan application for the same client on 1 jan 2015
      4. Click on more in same loan account page ,click on create guarantor , select self guarantor with 5000 and external guarantor as 5000
      5.Now approve the loan
      >Should not allow to approve the loan since saving account activation date is grater than loan submitted date.


        1. create external guarantor.png
          163 kB
          Santosh Math
        2. Creater self guarantor.png
          164 kB
          Santosh Math
        3. New loan application.png
          178 kB
          Santosh Math

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              • Assignee:
                santoshmath Santosh Math
                santoshmath Santosh Math
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