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For Amortized Loan With High Principal And Interest, Loan Schedule For Principal And Interest Components Is Not Uniform for EMI Amount (Doc ID 2757702.1)

Last updated on MARCH 11, 2021

Applies to:

Oracle FLEXCUBE Universal Banking - Version 12.4.0.0.0 and later
Information in this document applies to any platform.

Symptoms

On : 12.4.0.0.0 version, Production Support-SET

ACTUAL BEHAVIOR
---------------
System is drawing incorrect principal and interest schedule when an amortized loan is booked

EXPECTED BEHAVIOR
-----------------------
The principal and interest should be drawn properly while booking loan


BUSINESS IMPACT
-----------------------
The issue has the following business impact:
Due to this issue, users cannot process loans with amortization.

Cause

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In this Document
Symptoms
Cause
Solution


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