How To Fix 67_LOAN_PAY015 - Enter payment method and define default value

67_LOAN_PAY015 - Overview

• Message type: E = Error

• Message class: 67_LOAN_PAY - Loans Management: Messages for Payments

• Message number: 015

• Message text: Enter payment method and define default value

What causes this issue?

You have not entered a payment method.

How to fix this error?

You can define a default value for the payment method in the
Customizing step <ZK><DS:SIMG.PROD_PRO_BUKRS>Company Code-Dependent
Settings for Product Type</></>.

Error message extract from SAP system. Copyright SAP SE.

67_LOAN_PAY015 - Details

• The SAP error message 67_LOAN_PAY015 indicates that a payment method has not been specified for a loan payment transaction. This error typically arises when you are trying to process a loan payment without having defined a payment method in the system.
  
  Cause:
  
  Missing Payment Method: The payment method for the loan payment has not been entered in the transaction.
  Default Value Not Defined: The system does not have a default payment method set up for the loan payment type you are trying to process.
  
  Configuration Issues: There may be configuration issues in the payment method settings within the SAP system.
  
  
  Solution:
  To resolve this error, you can follow these steps:
  
  
  Enter Payment Method:
  
  When processing the loan payment, ensure that you enter a valid payment method in the relevant field.
  
  
  
  Define Default Payment Method:
  
  Go to the configuration settings in SAP to define a default payment method for loan payments.
  Navigate to the following path in the SAP menu:
  SPRO ? Financial