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

67_LOAN605 - Overview

• 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.

67_LOAN605 - Details

• 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