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.