How To Fix FVD_MODEL046 - Installment amount falls below the minimum permitted amount of &1

SAP Error Message - Details

• Message type: E = Error

• Message class: FVD_MODEL - Model Calculation for Consumer Loan

• Message number: 046

• Message text: Installment amount falls below the minimum permitted amount of &1

What causes this issue?

You have entered a value for the requested standard installment amount
that falls below the minimum amount defined in the product profile
settings. Alternatively, a standard installment amount was calculated on
the basis of the values entered for the loan amount, term in time units
and, if applicable, the credit life insurance premium and/or processing
charge, which falls below the minimum installment amount 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?

Enter an installment amount that exceeds the minimum installment amount
specified in the short warning message, or make a corresponding downward
adjustment to the loan amount or term in time units.

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_MODEL046 - Installment amount falls below the minimum permitted amount of &1 ?

  The SAP error message FVD_MODEL046 indicates that the installment amount you are trying to process falls below the minimum permitted amount defined in the system. This error typically occurs in the context of financial transactions, such as loan agreements, installment plans, or payment schedules.
  Cause:
  
  Minimum Installment Amount: The system has a predefined minimum installment amount for the specific financial product or agreement. If the amount you are trying to enter is lower than this threshold, the error will be triggered.
  Configuration Settings: The minimum amount may be set in the configuration of the financial product or in the specific customer or vendor master data.
  Incorrect Data Entry: There may be a mistake in the data entry, leading to an unintended low installment amount.
  
  Solution:
  
  
  Check Minimum Amount Configuration:
  
  Navigate to the configuration settings for the financial product or agreement type in SAP.
  Verify the minimum installment amount set in the system. This can usually be found in the customizing settings under Financial Services or Loan Management.
  
  
  
  Adjust the Installment Amount:
  
  If the installment amount you are trying to enter is indeed below the minimum, adjust it to meet or exceed the minimum permitted amount.
  
  
  
  Review Customer/Vendor Master Data:
  
  Check the master data for the customer or vendor involved in the transaction. There may be specific settings that affect the minimum installment amount.
  
  
  
  Consult Documentation:
  
  Review any relevant documentation or guidelines provided by your organization regarding installment amounts and financial transactions.
  
  
  
  Contact SAP Support:
  
  If you believe the configuration is correct and the error persists, consider reaching out to your SAP support team for further assistance. They may need to investigate the issue in more detail.
  
  
  
  Related Information:
  
  Transaction Codes: You may need to use transaction codes like SPRO for configuration or FB60 for entering invoices, depending on the context of the error.
  SAP Notes: Check SAP Notes for any known issues or patches related to this error message.
  User Authorization: Ensure that you have the necessary authorizations to make changes to the financial product settings or to process the transaction.
  
  By following these steps, you should be able to resolve the error and proceed with your financial transaction in SAP.