Details
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Bug
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Status: Closed
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Major
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Resolution: Fixed
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None
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None
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None
Description
https://mifosforge.jira.com/browse/MIFOSX-2495
After waive installment fee the repayment schedule generated is not proper
1. Create Installment fee for a loan as 100-Flat-Regular.
2. Create loan product with following datasets and attache above installment fee to that.
Terms vary based on loan cycle : FALSE
Principal: 10,000 ( Min: , Max : )
Number of Repayments: 12 ( Min: , Max
Repay Every: 1 Months
Nominal Interest Rate: 1 ( Min: , Max Per month
Minimum days between disbursal and first repayment date
Amortization Equal installments
Interest Method Declining Balance
Interest Calculation Period Daily
Repayment Strategy Overdue/Due Fee/Int,Principal
Account moves out of NPA only after all arrears have been cleared? No
Days in year Actual
Days in month Actual
Principal Threshold (%) for Last Instalment 0
Allow fixing of the installment amount No
Interest Recalculation
Recalculate Interest Yes
Advance payments adjustment type Reduce number of installments
Pre-closure interest calculation rule Calculate till pre closure date
Interest recalculation compounding on None
Frequency for recalculate Outstanding Principal Daily
Frequency Interval for recalculation 1
Frequency Date for recalculation 01-Jan-15
Is Arrears recognization based on original schedule:No.
3. Submit new loan application on 01 October 2015. Approve and disburse loan on same date.
4. Click on waive charge and select for 1st repayment.
5. Repayment schedule generated after waive charge is not proper
>Waive charge is happening not for first installment instead for other installment it is happening.
6. For first repayment the due is getting displayed.
Attachments here: https://mifosforge.jira.com/browse/MIFOSX-2495
