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  1. Apache Fineract
  2. FINERACT-795

Loan Account is not showing Interest value after some payments

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    Details

    • Type: Bug
    • Status: Closed
    • Priority: Critical
    • Resolution: Not A Problem
    • Affects Version/s: 1.3.1
    • Fix Version/s: 1.4.0
    • Component/s: Loan
    • Labels:

      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:

      https://staging.openmf.org/#/viewloanaccount/39

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            • Assignee:
              Unassigned
              Reporter:
              santoshmath Santosh Math
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              • Created:
                Updated:
                Resolved: