1. Create a Loan Product with the following credentials
-->principal amount as 10000,Number of repayments 12,Nominal Interest rate 1% p.a,Rapid every 1 month,Amortization as Equal installments ,Interest Method as Declining Balance,Interest Calculation Period as Same as repayment period,Repayment Strategy as Mifos style ,In Guarantee Requirements check Place Guarantee Funds On-Hold? give Mandatory Guarantee: (%) as 100, Minimum Guarantee from Own Funds: (%) as 50, Minimum from Guarantor Funds: (%) 50.
2.Create 2 Clients and activate on 1 jan 2014, active 1 saving account for each client with balance 500 on 1 December 2014.
3. Deposit 50000 amount in each savings account on 1 Feb 2015
4. Submit new loan application for the same client on 1 jan 2015
5.Click on more in same loan account page ,click on create guarantor , select self guarantor with 5000 and external guarantor as 5000
6.Now approve the loan
>Should not allow to approve the loan since saving account transaction date is grater than loan submitted date.