How To Fix 67160 - Loan cannot be overredeemed on &1 for capital available on &2

SAP Error Message - Details

• Message type: E = Error

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

• Message number: 160

• Message text: Loan cannot be overredeemed on &1 for capital available on &2

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message 67160 - Loan cannot be overredeemed on &1 for capital available on &2 ?

  The SAP error message 67160, "Loan cannot be overredeemed on &1 for capital available on &2," typically occurs in the context of financial transactions related to loans and capital management within the SAP system. This error indicates that there is an attempt to redeem a loan amount that exceeds the available capital for that loan on a specific date.
  Cause:
  
  Overredemption Attempt: The primary cause of this error is that the redemption amount being processed is greater than the available capital for the loan on the specified date.
  Incorrect Loan Configuration: There may be issues with how the loan is set up in the system, including limits on redemption amounts.
  Data Entry Errors: Mistakes in entering the redemption amount or the date can lead to this error.
  Capital Availability: The capital available for redemption may not have been updated or may be lower than expected due to prior transactions.
  
  Solution:
  
  Check Available Capital: Verify the available capital for the loan on the specified date. Ensure that the amount you are trying to redeem does not exceed this limit.
  Adjust Redemption Amount: If the redemption amount is indeed higher than the available capital, adjust the amount to be within the permissible limits.
  Review Loan Configuration: Check the loan configuration settings in SAP to ensure that they are set up correctly and that there are no restrictions that would prevent the redemption.
  Update Capital Data: If there have been recent transactions that affect the available capital, ensure that these have been processed and reflected in the system.
  Consult Documentation: Refer to SAP documentation or consult with your SAP support team for specific guidelines related to loan management and redemption processes.
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes in SAP that pertain to loan management, such as those for viewing loan details or capital availability.
  SAP Notes: Check for any SAP Notes related to this error message, as they may provide additional insights or patches that could resolve the issue.
  User Roles and Permissions: Ensure that the user attempting the redemption has the necessary permissions to perform this action in the system.
  
  If the issue persists after following these steps, it may be beneficial to engage with your SAP support team or a consultant who specializes in financial modules to further investigate the problem.