Critical Description
Create a loan account with following details:
| Repayment Strategy | Penalties, Fees, Interest, Principal order |
| Repayments | 30 every 1 Days |
| Amortization | Equal installments |
| Equal Amortization | false |
| Interest | 240 per annum (20% Per month) - Flat |
| Interest Calculation Period | Daily/Same As repayment |
| Allow Partial Interest Calculation with same as repayment | false |
| Interest Type | Flat |
| Recalculate Interest | No |
| Days in year | Actual |
| Days in month | Actual |
After 20th instalment, The interest is showing as zero. Please check here: