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  1. Apache Fineract
  2. FINERACT-7

Repayment Schedule after waive fee not correct

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Details

    • Bug
    • Status: Closed
    • Major
    • Resolution: Fixed
    • None
    • None
    • Loan
    • 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

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          Abdul Aziz Ali
        2. 2.jpg
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          Abdul Aziz Ali
        3. 1.jpg
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          Abdul Aziz Ali

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            mgeiss Markus Geiss
            dharp@mifos.org Dayna Harp
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            Dates

              Created:
              Updated:
              Resolved: