How To Fix FVD_CLI_CLOAN014 - Rate &1 is invalid for the person &2

FVD_CLI_CLOAN014 - Overview

• Message type: E = Error

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

• Message number: 014

• Message text: Rate &1 is invalid for the person &2

Self-Explanatory Message

Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

Unfortunately, there isn't any extra information in this error notice.

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Smart SAP Assistant

• What is the cause and solution for SAP error message FVD_CLI_CLOAN014 - Rate &1 is invalid for the person &2 ?

  The SAP error message FVD_CLI_CLOAN014 indicates that there is an issue with the interest rate being used for a loan or financial transaction. Specifically, the message states that the rate (&1) is invalid for the person (&2). Here’s a breakdown of the potential causes, solutions, and related information for this error:
  Causes:
  
  Invalid Rate Configuration: The interest rate specified may not be configured correctly in the system for the specific customer or loan type.
  Rate Not Applicable: The rate might not be applicable for the specific customer or loan agreement due to business rules or conditions.
  Missing Rate: The rate may not exist in the system for the specified period or for the specific customer.
  Data Entry Error: There could be a typographical error in the rate or customer information entered in the transaction.
  Master Data Issues: The customer or loan master data may not be set up correctly, leading to the system not recognizing the