How To Fix FVD_LOCAC059 - Minimum payment must be between &1 % and &2 %

SAP Error Message - Details

• Message type: E = Error

• Message class: FVD_LOCAC - Messages for Loan Core Account

• Message number: 059

• Message text: Minimum payment must be between &1 % and &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_LOCAC059 - Minimum payment must be between &1 % and &2 % ?

  The SAP error message FVD_LOCAC059 indicates that there is an issue with the minimum payment percentage set in the system. This error typically arises in the context of financial transactions, particularly in the area of loan management or payment processing, where a minimum payment percentage is required.
  Cause:
  The error message states that the minimum payment must be between two specified percentages (&1 and &2). This means that the value you are trying to enter for the minimum payment does not fall within the acceptable range defined in the system configuration. The specific causes can include:
  
  Incorrect Configuration: The minimum payment percentage settings in the configuration may not be set correctly.
  Data Entry Error: The user may have entered a value that is outside the defined range.
  Business Rules: The business rules or policies governing the minimum payment percentages may have changed, leading to a mismatch with the current settings.
  
  Solution:
  To resolve the error, you can take the following steps:
  
  
  Check Configuration:
  
  Navigate to the relevant configuration settings in SAP (usually found in the Financial Services or Loan Management module).
  Verify the minimum payment percentage settings and ensure they are correctly defined between the specified limits.
  
  
  
  Review Input Values:
  
  Double-check the value you are trying to enter for the minimum payment. Ensure it falls within the specified range (&1 to &2).
  If you are unsure of the correct percentage, consult with your finance or accounting department for guidance.
  
  
  
  Update Business Rules:
  
  If there have been recent changes to business rules regarding minimum payments, ensure that the SAP configuration reflects these changes.
  Work with your SAP administrator or functional consultant to update the configuration if necessary.
  
  
  
  Testing:
  
  After making any changes, perform a test transaction to ensure that the error no longer occurs.
  
  
  
  Related Information:
  
  Transaction Codes: You may need to use transaction codes like SPRO (for configuration) or SE11 (for data dictionary) to access the relevant settings.
  Documentation: Refer to SAP documentation or help files for detailed information on configuring payment terms and minimum payment settings.
  Support: If the issue persists after checking the configuration and input values, consider reaching out to SAP support or your internal IT team for further assistance.
  
  By following these steps, you should be able to identify the cause of the error and implement a solution to resolve it.