How To Fix HRPAY99LOAN074 - Select an annuity installment that is higher than the interest per period

HRPAY99LOAN074 - Overview

• Message type: E = Error

• Message class: HRPAY99LOAN - International Payroll: Company Loans

• Message number: 074

• Message text: Select an annuity installment that is higher than the interest per period

Self-Explanatory Message

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HRPAY99LOAN074 - Details

• The SAP error message HRPAY99LOAN074 indicates that there is an issue with the loan installment amount in relation to the interest charged on the loan. Specifically, the error states that the selected annuity installment must be higher than the interest per period. This typically occurs in the context of payroll processing or loan management within the SAP HR module.
  
  Cause:
  
  Incorrect Loan Installment Amount: The annuity installment amount entered is less than or equal to the interest amount calculated for that period. This means that the payment being made is not sufficient to cover the interest, which can lead to an increasing loan balance.
  Interest Calculation Error: There may be an error in how the interest is being calculated, leading to an unexpected interest amount.
  
  Configuration Issues: There could be issues in the configuration of the loan management settings in SAP, such as incorrect interest rates or loan parameters.
  
  
  Solution:
  
  Review Loan Installment Amount: Check the