[ https://issues.apache.org/jira/browse/FINERACT-235?page=com.atlassian.jira.plugin.system.issuetabpanels:all-tabpanel ]
Edward Cable updated FINERACT-235: ---------------------------------- Summary: For flat loan with variable installment, foreclosure before first repayment date is collecting full month interest (was: For flat loan with variable instllment, foreclosure before first repayment date is collecting full month interest) > For flat loan with variable installment, foreclosure before first repayment > date is collecting full month interest > ------------------------------------------------------------------------------------------------------------------ > > Key: FINERACT-235 > URL: https://issues.apache.org/jira/browse/FINERACT-235 > Project: Apache Fineract > Issue Type: Bug > Components: Loan > Reporter: subramanyasn > Assignee: Markus Geiss > > 1. Create loan product with following datasets > Principal: 10000, > ROI: 12% pa > Loan term 12 months, > Repaid every: 1 month, > Amortization: Equal Installments > Interest method: Flat > Variable installment checked. > 2. Submit new loan application on 01 January 2016, expected disbursement date > 01 January 2016. > 3. Edit repayment schedule and change first repayment date from 01 February > 2016 to 15 January 2016. > 4. Disburse loan on 15 January 2016. > Foreclose loan on same date. > Expected result: > It should not collect any interest if the foreclosed date is same as > disbursement date. > Actual result: > It is collecting one month interest. -- This message was sent by Atlassian JIRA (v6.3.4#6332)