[ https://issues.apache.org/jira/browse/FINERACT-1307?page=com.atlassian.jira.plugin.system.issuetabpanels:all-tabpanel ]
Aleksandar Vidakovic updated FINERACT-1307: ------------------------------------------- Fix Version/s: 1.10.0 (was: 1.9.0) > Loan Ideal disbursement to calculation cause to wrong interest rate > -------------------------------------------------------------------- > > Key: FINERACT-1307 > URL: https://issues.apache.org/jira/browse/FINERACT-1307 > Project: Apache Fineract > Issue Type: Bug > Components: Loan > Reporter: eitan frailich > Assignee: eitan frailich > Priority: Minor > Fix For: 1.10.0 > > Attachments: image-2021-02-02-16-43-07-381.png > > > *ISSUE* > My issue/bug happens when I am setting "First repayment on" field I get a > repayment schedule with a wrong interest rate for the first installment. > Example: When I set "First repayment on" to 01/02/21 and expected > disbursement is 27/1/21(Frist image) then I get the wrong interest.The first > installment interest is 21,232.88$ (second Image) - calculated for the entire > month (31 days) instead of 5 days (the time from the disbursement to the > first repayment), the right interest should be 3424.75$. > *After debugging:* > In AbstractLoanScheduleGenerator there is a function > {{calculateInterestStartDateForPeriod}} - it uses the {{idealDisbursment}} > for setting the interest start date for the first installment, The > {{idealDisbursment}} is calculated by > {{idealDisbursementDateBasedOnFirstRepaymentDate}} which does > [{{firstRepaymentDate}} - 1 repayment Period Frequency] aka, for 01/02/21 > with months as repyment frequency it will return 01/01/21. > So when we dont set the "First repayment on" the {{idealDisbursment}} will be > the expected disbursement date because the first repayment is always > {{expectedDisbursment}}+1. But if we set the "First repayment on" we get the > wrong value for the {{idealDisbursment}} - in my example we got 01/0/21 and > this is why the first installment interest was calculated for an entire month > instead of 5 days. > *Is it a bug or not?* > I am not sure why {{idealDisbursementDateBasedOnFirstRepaymentDate}} exists, > the simple solution is to do idealDisbursment=expectedDisbursmentDate.I > tried it locally and looks like it works, I will be happy to make a PR, but > want to make sure indeed that the > {{idealDisbursementDateBasedOnFirstRepaymentDate}} is redundant. -- This message was sent by Atlassian Jira (v8.20.10#820010)