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Test data:-
Submit new loan application for the created client with following data:-
Principal: 15,000
Loan term: 50 Weeks
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Of Repayments: 25
Repaid Every: 2 Weeks
Nominal interest rate %: 25 Per year
Expected disbursement on: 01 January 2011
Amortization: Equal principal instalments
Interest method: Declining balance
Interest calculation period: Daily
Repayment strategy: Mifos strategy.
Precondition - Create office, Client, Loan product.
Description:-
1) Select the created client & click on the new loan application - Fill all the required fields & Click on Preview repayment schedule.
Expected result:
Please refer the below link:-
http://mifos.org/functional-specifications/system-processing/interest-calculations-loan-accounts.
(Declining balance interest calculation with equal principal installment)
Actual Result:
Please refer screenshot-1.
For clarity: Please refer demo server, I have created a loan product with Account No. - 000000149. & client name - Client Weekly.
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