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Shaik Nazeer Hussain commented on FINERACT-313: ----------------------------------------------- [~santoshmath] Can you reproduce this issue > For Multiple tranche Loans with Equal Principal Payments after submitting the > loan application Principal due is not calculating properly > ---------------------------------------------------------------------------------------------------------------------------------------- > > Key: FINERACT-313 > URL: https://issues.apache.org/jira/browse/FINERACT-313 > Project: Apache Fineract > Issue Type: Bug > Components: Loan > Reporter: Santosh Math > Assignee: Markus Geiss > Labels: confirm, p1 > Attachments: 42.png > > > Reported by Subramanya at https://mifosforge.jira.com/browse/MIFOSX-2130 > Original Description: > 1. Create a Loan product with following datasets > Repayment Strategy:RBI (India) > Repayments:12 every 1 Months > Amortization:Equal principal payments > Interest:12 per annum (1% Per month):Declining Balance > Interest Calculation Period:Daily > Interest Type:Declining Balance > Recalculate Interest Yes > Days in year: Actual > Days in month: Actual > Interest recalculation compounding on: None > Advance payments adjustment type:Reduce number of installments > Frequency for recalculate Outstanding Principal: Every -1 days > Max Tranche Count:2, > 2.Submit new loan application for a client on 01 January 2015 with first > tranche on same date and 2nd Tranche on 01 March 2015, each with 5000 amount. > > For 01 February 2015 and 01 March 2015 the principal due should be 416.67 > > (ie 5000/12). and From 01 April2015 to 01 January 2016 principal due should > > be 916.66 (ie 9166.6/10). > But here it is calculating differently as a result for the last installment > principal due is more. -- This message was sent by Atlassian JIRA (v6.3.4#6332)