How To Fix FVD_MODEL041 - Amount exceeds the maximum permitted loan amount of &1

SAP Error Message - Details

• Message type: E = Error

• Message class: FVD_MODEL - Model Calculation for Consumer Loan

• Message number: 041

• Message text: Amount exceeds the maximum permitted loan amount of &1

What causes this issue?

You have entered a value that exceeds the maximum limit for a loan that
was defined in the product profile settings. Alternatively, a loan
amount was calculated on the basis of the underlying values for the loan
amount, installment or term and, where applicable, the credit life
insurance premium and/or processing charge, which exceeds the maximum
limit for a loan that was defined in the product profile settings.

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?

The loan amount must be released in the workflow.

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_MODEL041 - Amount exceeds the maximum permitted loan amount of &1 ?

  The SAP error message FVD_MODEL041 indicates that a transaction or operation is attempting to process a loan amount that exceeds the maximum permitted loan amount defined in the system. This error typically occurs in the context of financial services or loan management modules within SAP.
  Cause:
  
  Loan Limit Exceeded: The amount being requested or processed exceeds the maximum loan amount set for the specific loan type or customer.
  Configuration Settings: The maximum loan amount may be configured incorrectly or not updated to reflect current policies or customer eligibility.
  Customer Profile: The customer's profile may not qualify for the requested loan amount based on their creditworthiness, income, or other criteria.
  Product-Specific Limits: Different loan products may have different maximum limits, and the transaction may not align with the product's specifications.
  
  Solution:
  
  Review Loan Amount: Check the loan amount being requested and ensure it is within the permissible limits.
  Check Configuration: Review the configuration settings in the SAP system for the loan product to ensure that the maximum loan amount is set correctly.
  
  Navigate to the relevant configuration settings in the SAP system (usually found in the Financial Services or Loan Management module).
  
  
  Customer Eligibility: Verify the customer's profile and eligibility for the loan amount. Ensure that all necessary criteria are met.
  Adjust Loan Amount: If the loan amount exceeds the limit, consider adjusting the requested amount to fit within the allowed range.
  Consult Documentation: Refer to the SAP documentation or user manuals for specific details on loan limits and configurations.
  Contact Support: If the issue persists, consider reaching out to your SAP support team or consulting with a financial services expert within your organization.
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes in SAP that pertain to loan management, such as those for loan applications, approvals, and configurations.
  User Roles: Ensure that the user attempting the transaction has the appropriate permissions and roles assigned to process loan requests.
  Audit Logs: Check audit logs or transaction history for any previous changes made to loan limits or customer profiles that may have led to this error.
  Training: Consider training sessions for users involved in loan processing to ensure they understand the limits and configurations in place.
  
  By addressing the above points, you should be able to resolve the FVD_MODEL041 error and proceed with the loan processing as intended.