How To Fix FVD_CLI_CLOAN003 - Age at entry is below the minimum age requirement

FVD_CLI_CLOAN003 - Overview

• Message type: E = Error

• Message class: FVD_CLI_CLOAN - Credit Life Insurance for Consumer Loan

• Message number: 003

• Message text: Age at entry is below the minimum age requirement

What causes this issue?

When checking the data against the data for the credit life insurance
rate, the age of a person to be insured at the beginning of the term for
the insurance policy is below the minimum age requirement for this rate.

System Response

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

How to fix this error?

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FVD_CLI_CLOAN003 - Age at entry is below the minimum age requirement ?

  The SAP error message FVD_CLI_CLOAN003 indicates that the age of the client or borrower at the time of entry is below the minimum age requirement set in the system. This error typically occurs in financial applications, particularly in loan processing or client management modules, where age restrictions are enforced for compliance or risk management reasons.
  
  Cause:
  
  Age Restriction: The system has a predefined minimum age requirement for clients applying for loans or financial products. This is often set to ensure that clients are legally eligible to enter into contracts or to mitigate financial risk.
  Incorrect Data Entry: The date of birth (DOB) entered for the client may be incorrect, leading to an age calculation that falls below the minimum threshold.
  Configuration Settings: The minimum age requirement may be configured incorrectly in the system settings.
  
  
  Solution:
  
  Verify Client's Date of Birth: Check the date of birth entered for the client. Ensure that it is accurate and correctly