[jira] [Updated] (FINERACT-317) Installment amount defined for flat type loans is not working properly for Amortization "Equal Installments"
[ https://issues.apache.org/jira/browse/FINERACT-317?page=com.atlassian.jira.plugin.system.issuetabpanels:all-tabpanel ] Shaik Nazeer Hussain updated FINERACT-317: -- Issue Type: Improvement (was: Bug) > Installment amount defined for flat type loans is not working properly for > Amortization "Equal Installments" > - > > Key: FINERACT-317 > URL: https://issues.apache.org/jira/browse/FINERACT-317 > Project: Apache Fineract > Issue Type: Improvement > Components: Loan >Reporter: Santosh Math >Assignee: Markus Geiss > Labels: p1 > Attachments: 115.png, 116.png > > > Reported by Subramanya at https://mifosforge.jira.com/browse/MIFOSX-2260 > Original Description: > 1. Create Loan product with Amortization -"Equal Installment" and Interest > type as "Flat", Select the check box "Allow fixing of the installment amount". > 2. Submit new loan application for a client with the above loan product on 01 > September 2015, Loan amount 1, no. of repayments 12, repaid every 1 > month, define installment amount as 950. > > Since installment amount is defined all installment amount should be 950, > > since flat interest method is defined interest calculated should be 100 > > throughout the loan and for last installment the repayment should get > > adjusted with the balance. > > Here it is displaying installment amount as 933.33 only. -- This message was sent by Atlassian JIRA (v6.3.15#6346)
[jira] [Updated] (FINERACT-317) Installment amount defined for flat type loans is not working properly for Amortization "Equal Installments"
[ https://issues.apache.org/jira/browse/FINERACT-317?page=com.atlassian.jira.plugin.system.issuetabpanels:all-tabpanel ] Santosh Math updated FINERACT-317: -- Labels: p1 (was: ) > Installment amount defined for flat type loans is not working properly for > Amortization "Equal Installments" > - > > Key: FINERACT-317 > URL: https://issues.apache.org/jira/browse/FINERACT-317 > Project: Apache Fineract > Issue Type: Bug > Components: Loan >Reporter: Santosh Math >Assignee: Markus Geiss > Labels: p1 > Attachments: 115.png, 116.png > > > Reported by Subramanya at https://mifosforge.jira.com/browse/MIFOSX-2260 > Original Description: > 1. Create Loan product with Amortization -"Equal Installment" and Interest > type as "Flat", Select the check box "Allow fixing of the installment amount". > 2. Submit new loan application for a client with the above loan product on 01 > September 2015, Loan amount 1, no. of repayments 12, repaid every 1 > month, define installment amount as 950. > > Since installment amount is defined all installment amount should be 950, > > since flat interest method is defined interest calculated should be 100 > > throughout the loan and for last installment the repayment should get > > adjusted with the balance. > > Here it is displaying installment amount as 933.33 only. -- This message was sent by Atlassian JIRA (v6.3.15#6346)
[jira] [Updated] (FINERACT-317) Installment amount defined for flat type loans is not working properly for Amortization "Equal Installments"
[ https://issues.apache.org/jira/browse/FINERACT-317?page=com.atlassian.jira.plugin.system.issuetabpanels:all-tabpanel ] Santosh Math updated FINERACT-317: -- Attachment: 116.png 115.png > Installment amount defined for flat type loans is not working properly for > Amortization "Equal Installments" > - > > Key: FINERACT-317 > URL: https://issues.apache.org/jira/browse/FINERACT-317 > Project: Apache Fineract > Issue Type: Bug > Components: Loan >Reporter: Santosh Math >Assignee: Markus Geiss > Attachments: 115.png, 116.png > > > Reported by Subramanya at https://mifosforge.jira.com/browse/MIFOSX-2260 > Original Description: > 1. Create Loan product with Amortization -"Equal Installment" and Interest > type as "Flat", Select the check box "Allow fixing of the installment amount". > 2. Submit new loan application for a client with the above loan product on 01 > September 2015, Loan amount 1, no. of repayments 12, repaid every 1 > month, define installment amount as 950. > > Since installment amount is defined all installment amount should be 950, > > since flat interest method is defined interest calculated should be 100 > > throughout the loan and for last installment the repayment should get > > adjusted with the balance. > > Here it is displaying installment amount as 933.33 only. -- This message was sent by Atlassian JIRA (v6.3.4#6332)
