How To Fix FVD_MODEL042 - Amount exceeds the absolute maximum loan amount of &1

SAP Error Message - Details

• Message type: E = Error

• Message class: FVD_MODEL - Model Calculation for Consumer Loan

• Message number: 042

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

What causes this issue?

You have entered a value that exceeds the absolute 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 absolute
maximum limit for a loan that was defined in the product profile
settings.

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

System Response

How to fix this error?

Select a loan amount that does not exceed the amount specified in the
short message text.
If the maximum limit for a loan as defined in the product profile
settings is exceeded, but not the absolute maximum limit for a loan, the
system outputs a separate warning message. The loan amount must then 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_MODEL042 - Amount exceeds the absolute maximum loan amount of &1 ?

  The SAP error message FVD_MODEL042 indicates that the amount you are trying to process exceeds the absolute maximum loan amount defined in the system for a specific loan model. This error typically occurs in the context of financial services, particularly in loan processing or credit management within SAP.
  
  Cause:
  
  Loan Model Configuration: The loan model you are using has a predefined maximum loan amount, which is set in the system configuration. The amount you are trying to enter exceeds this limit.
  Data Entry Error: There may be a mistake in the amount entered, such as an extra digit or incorrect decimal placement.
  Business Rules: The business rules or policies governing loan amounts may have changed, and the amount you are trying to process is no longer permissible.
  
  
  Solution:
  
  
  Check Loan Model Settings: 
  
  Navigate to the configuration settings for the loan model in SAP. You can do this through the transaction codes related to loan management (e.g.,