1. Create an overdue charge as 1% of amount+interest applied.
2. Create a loan product and apply the above charge to it.
3. Submit new loan application for a client on 01 January 2016, approve and disburse on same date.
4. Execute the scheduler job on current system date, and navigate back to the repayment schedule in which penalty got applied on 01 February 2016.
5. Now waive the penalty as on date 01 February 2016.
> Click on transactions page in which it is displaying waiver happened on 01 January 2016 ie on the date of disbursement, ideally it should be on 01 February 2016.