How To Fix 67_LOAN605 - The calculated effect. interest (&1) is too big and not included

SAP Error Message - Details

• Message type: E = Error

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

• Message number: 605

• Message text: The calculated effect. interest (&1) is too big and not included

What causes this issue?

There has been an overflow in at least one effective interest field
during the effective interest calculation.
The results calculated are not adopted.

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message 67_LOAN605 - The calculated effect. interest (&1) is too big and not included ?

  The SAP error message 67_LOAN605 indicates that the calculated effective interest for a loan is too high and therefore not included in the system's calculations. This error typically arises in the context of loan management and financial transactions within SAP.
  Cause:
  
  Interest Rate Configuration: The interest rate applied to the loan may be set too high, leading to an excessive calculated effective interest amount.
  Loan Parameters: Incorrect loan parameters or settings, such as the loan amount, term, or payment frequency, can result in unrealistic interest calculations.
  Data Entry Errors: Manual entry errors in the loan setup or transaction data can lead to incorrect calculations.
  System Limitations: There may be predefined limits in the system for effective interest calculations that are being exceeded.
  
  Solution:
  
  Review Interest Rate: Check the interest rate configured for the loan. Ensure it is within reasonable limits and adjust if necessary.
  Verify Loan Parameters: Review the loan parameters (amount, term, payment frequency) to ensure they are correctly set and realistic.
  Check for Data Entry Errors: Go through the loan setup and transaction data to identify any potential errors in data entry.
  Adjust System Settings: If applicable, consult with your SAP administrator to see if there are system settings or limits that can be adjusted to accommodate higher interest calculations.
  Consult Documentation: Refer to SAP documentation or help resources for specific guidelines on effective interest calculations and any related configuration settings.
  
  Related Information:
  
  SAP Notes: Check SAP Notes for any known issues or patches related to this error message.
  Transaction Codes: Familiarize yourself with relevant transaction codes in SAP for loan management, such as FTR_EDIT for editing financial transactions.
  User Roles: Ensure that the user has the appropriate roles and permissions to make changes to loan configurations.
  Testing: After making adjustments, perform testing in a development or quality assurance environment before applying changes in production.
  
  If the issue persists after following these steps, it may be beneficial to reach out to SAP support or consult with a financial consultant who specializes in SAP loan management.