Interest Calculations Are Not Correct When Using Multiple Disbursements
Last updated on FEBRUARY 23, 2015
Applies to:Oracle Loans - Version 12.1.3 and later
Information in this document applies to any platform.
Creating a loan with multiple disbursements and the interest calculation is not correct, after the subsequent disbursements are created.
For example, the 4th disbursement will not consider the actual days past due.
Steps to Reproduce:
Responsibility: Loan Agent
Navigation: Loans Dashboard
Create a loan with up to 5 disbursments and disburse the funds at various times.
The calculations will not reflect the correct interest after the 4th disbursement for example
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