diff --git a/mifosng-provider/src/main/java/org/mifosplatform/portfolio/loanaccount/serialization/LoanEventApiJsonValidator.java b/mifosng-provider/src/main/java/org/mifosplatform/portfolio/loanaccount/serialization/LoanEventApiJsonValidator.java
index 2817ecf8f..5330d3825 100644
--- a/mifosng-provider/src/main/java/org/mifosplatform/portfolio/loanaccount/serialization/LoanEventApiJsonValidator.java
+++ b/mifosng-provider/src/main/java/org/mifosplatform/portfolio/loanaccount/serialization/LoanEventApiJsonValidator.java
@@ -83,7 +83,7 @@ public final class LoanEventApiJsonValidator {
         baseDataValidator.reset().parameter("transactionDate").value(transactionDate).notNull();
 
         final BigDecimal transactionAmount = fromApiJsonHelper.extractBigDecimalWithLocaleNamed("transactionAmount", element);
-        baseDataValidator.reset().parameter("transactionAmount").value(transactionAmount).notNull().positiveAmount();
+        baseDataValidator.reset().parameter("transactionAmount").value(transactionAmount).notNull().zeroOrPositiveAmount();
 
         final String note = fromApiJsonHelper.extractStringNamed("note", element);
         baseDataValidator.reset().parameter("note").value(note).notExceedingLengthOf(1000);