How To Fix 67011 - Product type & is not a loan product type

SAP Error Message - Details

• Message type: E = Error

• Message class: 67 - Loans Messages - Financial Assets Management

• Message number: 011

• Message text: Product type & is not a loan product type

Self-Explanatory Message

Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

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Smart SAP Assistant

• What is the cause and solution for SAP error message 67011 - Product type & is not a loan product type ?

  The SAP error message 67011, which states "Product type & is not a loan product type," typically occurs in the context of financial services or banking modules within SAP, particularly when dealing with loan products. This error indicates that the product type you are trying to use or reference is not recognized as a valid loan product type in the system.
  Cause:
  
  Incorrect Product Type: The product type you are trying to use may not be configured as a loan product in the system.
  Configuration Issues: The product type may not have been set up correctly in the SAP system, or it may not be assigned to the correct category.
  Data Entry Error: There may be a typographical error in the product type code being used.
  Missing Authorization: The user may not have the necessary permissions to access or use the specified product type.
  
  Solution:
  
  
  Check Product Type Configuration:
  
  Go to the configuration settings in SAP (usually in the Financial Services or Banking module).
  Verify that the product type in question is correctly defined as a loan product type.
  Ensure that all necessary attributes and settings for the product type are properly configured.
  
  
  
  Correct Data Entry:
  
  Double-check the product type code you are entering to ensure it is correct and matches the defined loan product types in the system.
  
  
  
  Consult Documentation:
  
  Review the SAP documentation or configuration guides related to product types and loan products to ensure compliance with the required setup.
  
  
  
  User Authorization:
  
  Ensure that the user has the necessary permissions to access and use the specified product type. If not, contact your SAP administrator to adjust the user roles and permissions.
  
  
  
  Contact Support:
  
  If the issue persists after checking the above points, consider reaching out to your SAP support team or consulting with SAP experts for further assistance.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes that may help in checking product types, such as SPRO for configuration or SE11 for data dictionary.
  SAP Notes: Look for SAP Notes related to error message 67011 for any patches or updates that may address the issue.
  Training and Documentation: Ensure that users are trained on the correct procedures for entering and managing loan product types in SAP.
  
  By following these steps, you should be able to identify the cause of the error and implement a solution to resolve it.