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  1. Apache Fineract
  2. FINERACT-345

Should not allow to add guarantor, If savings account transaction date is greater that loan application submitted date

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    Details

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

      Description

      Reported by Savita Pujar at https://mifosforge.jira.com/browse/MIFOSX-2128
      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 500 on 1 December 2014.
      3. Deposit 50000 amount in each savings account on 1 Feb 2015
      4. Submit new loan application for the same client on 1 jan 2015
      5.Click on more in same loan account page ,click on create guarantor , select self guarantor with 5000 and external guarantor as 5000
      6.Now approve the loan
      >Should not allow to approve the loan since saving account transaction date is grater than loan submitted date.

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              • Assignee:
                santoshmath Santosh Math
                Reporter:
                santoshmath Santosh Math
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                • Created:
                  Updated:
                  Resolved: