How To Fix FVD_MODEL015 - Requested installment amount is too low

FVD_MODEL015 - Overview

• 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