How To Fix FVD_MODEL015 - Requested installment amount is too low

SAP Error Message - Details

• Message type: E = Error

• Message class: FVD_MODEL - Model Calculation for Consumer Loan

• Message number: 015

• Message text: Requested installment amount is too low

What causes this issue?

The requested installment amount you have entered is too low. The
interest due exceeds the requested installment amount.

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?

Enter a higher requested installment amount.

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_MODEL015 - Requested installment amount is too low ?

  The SAP error message FVD_MODEL015 indicates that the requested installment amount for a payment plan or installment payment is too low. This error typically occurs in the context of financial transactions, such as loan repayments, installment sales, or payment plans in SAP's Financial Services (FS) module.
  Cause:
  
  Minimum Installment Amount: The installment amount requested is below the minimum threshold defined in the system settings. Each payment plan or financial product may have a minimum installment amount that must be adhered to.
  Configuration Settings: The configuration settings for the financial product or payment plan may not allow for the requested amount due to business rules or regulatory requirements.
  Rounding Issues: Sometimes, rounding issues can lead to an installment amount that is technically below the minimum threshold.
  Incorrect Data Entry: The user may have entered an incorrect amount that does not meet the required criteria.
  
  Solution:
  
  Check Minimum Amount: Verify the minimum installment amount defined for the specific financial product or payment plan. This can usually be found in the configuration settings of the SAP system.
  Adjust Installment Amount: If the requested amount is indeed too low, adjust the installment amount to meet or exceed the minimum requirement.
  Review Configuration: If you have access, review the configuration settings in the SAP system to ensure that they align with business requirements. This may involve consulting with a system administrator or SAP consultant.
  Consult Documentation: Refer to the SAP documentation or user manuals for specific guidelines on installment amounts and payment plans.
  Error Handling: If the error persists despite meeting the minimum requirements, consider checking for any additional validation rules or constraints that may be affecting the transaction.
  
  Related Information:
  
  SAP Notes: Check SAP Notes for any known issues or patches related to this error message. SAP Notes can provide insights into specific configurations or updates that may resolve the issue.
  Transaction Codes: Familiarize yourself with relevant transaction codes in SAP that pertain to financial services and payment plans, such as FVD1 (Create Payment Plan) or FVD2 (Change Payment Plan).
  User Roles and Permissions: Ensure that the user has the appropriate roles and permissions to create or modify payment plans, as restrictions may lead to errors.
  Testing: If changes are made to the configuration or installment amounts, conduct thorough testing to ensure that the issue is resolved and that no new issues arise.
  
  If the problem persists after following these steps, it may be beneficial to engage with SAP support or a qualified SAP consultant for further assistance.