1. Create a loan product with following datasets,
Number of Repayments:12
Repay Every:1 Months
Nominal Interest Rate:1 Per month
Interest Methodeclining Balance
Interest Calculation Periodaily
Repayment Strategyenalties, Fees, Interest, Principal order
Days in year:Actual
Days in month:Actual
Principal Threshold (%) for Last Instalment:50
Advance payments adjustment type:Reduce number of installments
Pre closure interest calculation rule:Calculate till pre closure date
Interest recalculation compounding on:None
Frequency for recalculate Outstanding Principalaily
Frequency Interval for recalculation:1
Frequency Date for recalculation:01 January 2015
Loan Tranche Details
Enable Multiple Disbursals:true
Maximum Tranche count:2
Maximum allowed outstanding balance:10000
2. Create a client and submit new loan application on 01 January 2015, 1st tranche of 5000 on 01 January 2015, 2nd tranche on 01 March 2015.
3. Approve and disburse first tranche on 01 January 2015.
4. Make repayment on 15 January 2015.
5. Disburse the 2nd tranche on 01 March 2015.
6. Click on make repayment then due as on date 01 February 2015 will get populated,
> Not able to submit the page displayed "error.msg.loan.repayment.or.waiver.cannot.be.made.before.last.transaction.date"