Uploaded image for project: 'Apache Fineract'
  1. Apache Fineract
  2. FINERACT-431

Should not allow more than expected loan term based on 'number of repayments' and 'Repaid every' values.

    XMLWordPrintableJSON

    Details

    • Type: Improvement
    • Status: Closed
    • Priority: Minor
    • Resolution: Fixed
    • Affects Version/s: None
    • Fix Version/s: 1.2.0
    • Component/s: Loan
    • Labels:

      Description

      In loan application, the frequency of the loan term has to be the same with the frequency of repaid every (days/weeks/months/years), by this : loan term = number of repayment x repaid every.

      e.g
      1. Create a loan product and fill the necessary requirements (put default number of repayment = 6, repaid every = 1 month)
      2. Create a loan account to an active client and fill all necessary requirement ( put loan term = 8 months), leave the number of repayment to 6.
      The system is allowing the loan term to be greater than (number of repayments x repaid every) and provide the repayment schedule based on 'number of repayments' and 'repaid every' values
      It should deny the submission and through an error like when you provide loan term less than (number of repayments x repaid every)

        Attachments

          Issue Links

            Activity

              People

              • Assignee:
                santoshmath Santosh Math
                Reporter:
                mexina Mexina Daniel
              • Votes:
                0 Vote for this issue
                Watchers:
                3 Start watching this issue

                Dates

                • Created:
                  Updated:
                  Resolved: