[FINERACT-612] Interest Calculation for partial early payment is incorrect

• Type: Bug
• Status: Closed
• Priority: Major
• Resolution: Auto Closed
• Affects Version/s: 1.0.0
• Component/s: Loan
• Labels: 2019-mifos-gsoc Cleanup2022 gsoc p2
• Environment: https://demo.openmf.org/#/viewloanaccount/2522
• Assignee: Unassigned
• Reporter: Marcell
• Created: 06/Apr/18 04:25
• Updated: 07/Nov/22 18:11
• Resolved: 07/Nov/22 18:11

Description

Loan Configuration :

Interest : 32.04% / year

Loan term 150 Days

Repayment : 1x

Disburse date : 4 Oct 2017

Mature Date : 3 Mar 2018

Loan Amount : 85,000,000

 

1st early repayment

Date : 25 Jan 2018

Amount : 9,000,000

Expected allocated paid to interest : 113 Days x (32.04%/360) = 8,548,450

Expected allocated paid to pricipal : 9,000,000 -  8,548,450 = 451,550

However, Mifos allocate all payment into interest

https://demo.openmf.org/#/viewloanaccount/2522