Article Details
| Id: | 11537 |
| Product: | finPOWER Connect |
| Type: | FIX |
| Version: | 2.00.01 |
| Opened: | 15/11/2013 |
| Closed: | 15/11/2013 |
| Released: | 20/11/2013 |
| Job: | J012529 |
 High Importance |
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Interest Calculations; Pre-Computed Interest during term not charged when Account has a credit balance
Pre-Computed Contractual Interest charged during normal Term is not debited to an Account when it has a credit balance.
This might occur at the end of the loan term if the final payment is paid early. The account will be in credit so the final interest will not be charged.