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Nov 27, 2022 at 11:49 AM

TRM - Interest is not calculating on partial repayment amount

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Hi all

Scenario -

1) Loan is taken for 5,00,000 on Oct 14th, 2022 at 1% interest.

2) On Oct 31st, 2022, we made a partial payment of 2,50,000 and we would like to calculate interest only on 2,50,000 for the day from Oct 14th 2022 to Oct 31st 2022. But the system is calculating 5,00,000 not on payment amount of 2,50,000.

Any suggestion/recommendation is highly appreciated.