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  1. Apache Fineract
  2. FINERACT-466

For the loans without Interest Recalculation, Prepay Loan is collecting all installment Fees in stead of collecting installment fees until the prepay date

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Details

    • Bug
    • Status: Closed
    • Major
    • Resolution: Invalid
    • None
    • None
    • Charges, Loan

    Description

      1. Create a loan product without Interest recalculation,monthly repayment, Equal Installments, Declining balance and 12 repayments with installment fee
      100((flat, monthly) attached.
      2. Disburse the loan on 01 January 2017.
      3 Prepay the loan on 15 February 2017.

      > Expected Result: The installment fee should be collected: 100
      >Actual Result: The installment fee getting collected: 1200(all installment fees)

      P.S: This issue doesn't exist with loans having interest recalculation.

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            mgeiss Markus Geiss
            santoshmath Santosh Math
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            Dates

              Created:
              Updated:
              Resolved:

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