Decimal Difference Shown Between Principal Balance and Beginning Balance in Amortization Schedule of a loan
(Doc ID 2719504.1)
Last updated on OCTOBER 13, 2020
Applies to:Oracle Loans - Version 12.2 and later
Information in this document applies to any platform.
The user is not able to close the Loan by pay-off or raising a manual bill because of decimal difference noticed for principal balance of a loan.
Error Message on raising a manual bill for pre-closure:
"Principal bill amount cannot be greater than loan remaining balance"
Principal Balance of the loan is shown with amount = INR 16915.56 whereas as per Amortization Schedule, the Beginning Balance is shown with amount = INR 16915.53 at Payment # 13.
This causing a difference of INR 0.03.
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