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https://issues.apache.org/jira/browse/FINERACT-2479?page=com.atlassian.jira.plugin.system.issuetabpanels:comment-tabpanel&focusedCommentId=18059316#comment-18059316
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Arnav Patil commented on FINERACT-2479:
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It appears that during prepayment, the suggested payoff amount only includes
already accrued interest and does not account for interest that will be accrued
up to the transaction date (e.g., before COB runs). This can leave a residual
balance after accrual processing and prevent proper loan closure.
Should the prepayment flow trigger interest accrual/recalculation up to the
transaction date to ensure the loan is fully settled and closed?
I’d be happy to work on a fix once the expected behavior is confirmed.
Thanks.
> Missing interest for post maturity prepayment
> ----------------------------------------------
>
> Key: FINERACT-2479
> URL: https://issues.apache.org/jira/browse/FINERACT-2479
> Project: Apache Fineract
> Issue Type: Bug
> Reporter: Mihaly Dallos
> Priority: Major
>
> In case of a prepayment, the suggested amount should contain all the amount
> which are accrued or will be accrued on the loan.
> Eg: interest which isn't yet calculated but calculation is going to be
> triggered after the payment. It can be daily job or monetary transaction.
> What cases to be validated at minimum:
> * Accounting: Periodic Accrual(upfront) Cash
> * Payment: pre / post maturity
> * Interest calc: same as repayment period
> Calculate interest for exact days in partial period
> Expected:
> Loan is fully paid and closed.
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