How To Fix FVD_CLI_CLOAN112 - Rate &1 is only permissible for the first person

SAP Error Message - Details

• Message type: E = Error

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

• Message number: 112

• Message text: Rate &1 is only permissible for the first person

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.

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Smart SAP Assistant

• What is the cause and solution for SAP error message FVD_CLI_CLOAN112 - Rate &1 is only permissible for the first person ?

  The SAP error message FVD_CLI_CLOAN112 typically occurs in the context of loan processing within the SAP system, particularly when dealing with client loans or financial transactions. The message indicates that a specific rate (denoted as &1) is only permissible for the first person in a multi-person loan scenario.
  Cause:
  
  Multi-Person Loan Configuration: The error arises when a loan is being processed for multiple individuals, and the system is trying to apply a rate that is only valid for the primary borrower (the first person).
  Rate Assignment: The rate being applied may not be configured to be used for additional borrowers or may not be applicable in the context of the loan agreement.
  Data Entry Error: There may be an error in how the loan details were entered, such as incorrectly assigning rates to multiple borrowers.
  
  Solution:
  
  Check Loan Configuration: Review the loan configuration settings in the SAP system to ensure that the rate being applied is valid for all borrowers involved. If the rate is only meant for the first person, ensure that it is not being applied to others.
  Adjust Rate Assignment: If the rate needs to be applied to multiple borrowers, you may need to create or assign a different rate that is permissible for all individuals involved in the loan.
  Review Loan Agreement: Ensure that the loan agreement allows for the rate being applied to all parties. If it does not, you may need to renegotiate the terms or adjust the loan setup.
  Consult Documentation: Refer to SAP documentation or your organization's guidelines on loan processing to understand the permissible rates and configurations.
  Contact Support: If the issue persists, consider reaching out to your SAP support team or a consultant who specializes in SAP financial modules for further assistance.
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes in SAP that pertain to loan processing, such as FVD1 (Create Loan) or FVD2 (Change Loan).
  SAP Notes: Check for any SAP Notes related to this error message, as they may provide additional insights or patches that address the issue.
  User Roles and Permissions: Ensure that the user processing the loan has the appropriate roles and permissions to make changes to loan rates and borrower information.
  
  By following these steps, you should be able to resolve the error and ensure that the loan processing is completed successfully.