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Issue in Loan calculations when Simple Interest formula is introduced in the middle of a Amortized Loan (Doc ID 2599972.1)

Last updated on OCTOBER 25, 2019

Applies to:

Oracle FLEXCUBE Universal Banking - Version 11.2 and later
Information in this document applies to any platform.

Symptoms

ACTUAL BEHAVIOR
---------------
Issue in Loan calculations when Simple Interest formula is introduced in the middle of a Amortized Loan

EXPECTED BEHAVIOR
-----------------------
Mismatch between schedule balance and account balance should not be there when Simple Interest formula is introduced in the middle of a Amortized Loan


Cause

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In this Document
Symptoms
Cause
Solution


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