How To Fix 67_LOAN603 - The effective interest cannot be calculated due to a negative repayment

SAP Error Message - Details

• Message type: E = Error

• Message class: 67_LOAN - Messages for Fin. Asset Management for Loans - Continued

• Message number: 603

• Message text: The effective interest cannot be calculated due to a negative repayment

What causes this issue?

The cash flow relevant for the effective interest calculation is
calculated on the basis of a simulated disbursement of the amount of
commitment capital at the start of the fixed interest period and the
conditions valid for the fixed interest period. In loan &v2& in
company code &v1& a negative repayment has appeared in the simulated
cash flow. In such cases, the system cannot calculate the effective
interest.

System Response

The calculation of effective interest for the loan has been terminated.

How to fix this error?

Check the conditions for the loan.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message 67_LOAN603 - The effective interest cannot be calculated due to a negative repayment ?

  The SAP error message 67_LOAN603 indicates that the system is unable to calculate the effective interest for a loan because there is a negative repayment amount. This typically occurs in the context of loan management within SAP, where the repayment schedule or the repayment amounts have been incorrectly configured or entered.
  Cause:
  
  Negative Repayment Amount: The most direct cause of this error is that a repayment amount has been entered as a negative value. This could happen due to data entry errors or incorrect configuration in the loan management settings.
  Incorrect Loan Configuration: The loan might be set up incorrectly, leading to situations where repayments are not aligned with the expected cash flow.
  Data Inconsistencies: There may be inconsistencies in the loan data, such as mismatched payment schedules or incorrect interest rates.
  
  Solution:
  
  Check Repayment Amounts: Review the repayment amounts entered in the system. Ensure that all repayment entries are positive values. If a negative value is found, correct it to reflect the actual repayment amount.
  Review Loan Configuration: Verify the loan configuration settings in SAP. Ensure that the loan terms, interest rates, and repayment schedules are set up correctly.
  Adjust Payment Schedule: If the repayment schedule is not aligned with the loan terms, adjust it to ensure that all payments are valid and positive.
  Consult Documentation: Refer to SAP documentation or help resources for specific guidance on loan management and effective interest calculations.
  Test Changes: After making adjustments, test the loan calculations again to ensure that the error is resolved and that the effective interest can be calculated correctly.
  
  Related Information:
  
  SAP Notes: Check for any relevant SAP Notes that might address this specific error or provide additional troubleshooting steps.
  Transaction Codes: Familiarize yourself with relevant transaction codes in SAP for loan management, such as:
  
  FTR_EDIT: To edit financial transactions.
  FTR_LIST: To list financial transactions.
  
  
  User Roles: Ensure that the user has the appropriate permissions to make changes to loan data and configurations.
  Training and Support: If the issue persists, consider reaching out to your SAP support team or consulting with an SAP expert for further assistance.
  
  By following these steps, you should be able to identify the root cause of the error and implement the necessary corrections to resolve it.