How To Fix FVD_DISB120 - Disbursement payment date is before start of loan fixed interest period

FVD_DISB120 - Overview

• Message type: E = Error

• Message class: FVD_DISB - Messages for Disbursement

• Message number: 120

• Message text: Disbursement payment date is before start of loan fixed interest period

Self-Explanatory Message

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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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FVD_DISB120 - Details

• The SAP error message FVD_DISB120 indicates that there is an issue with the disbursement payment date in relation to the fixed interest period of a loan. Specifically, this error occurs when the disbursement payment date is set before the start date of the loan's fixed interest period. 
  
  Cause:
  
  Incorrect Payment Date: The disbursement payment date entered is earlier than the start date of the loan's fixed interest period.
  
  Configuration Issues: There may be configuration settings in the loan management module that define the fixed interest period incorrectly.
  Data Entry Errors: Manual entry errors when inputting the disbursement details can lead to this issue.
  
  
  Solution:
  
  Check Payment Date: Verify the disbursement payment date you are trying to enter. Ensure that it is on or after the start date of the loan's fixed interest period.
  Review Loan Details: Check the loan contract details to confirm the start date of the fixed interest period. This can usually be found