How To Fix HRPBSINPS_LOAN006 - You can create repayment only for Loans with Completed Status

SAP Error Message - Details

• Message type: E = Error

• Message class: HRPBSINPS_LOAN - Message Class for Loans

• Message number: 006

• Message text: You can create repayment only for Loans with Completed Status

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message HRPBSINPS_LOAN006 - You can create repayment only for Loans with Completed Status ?

  The SAP error message HRPBSINPS_LOAN006 indicates that a repayment can only be created for loans that have a status of "Completed." This error typically arises in the context of managing employee loans within the SAP Human Capital Management (HCM) module, particularly when using the Payroll or Benefits functionalities.
  Cause:
  The error occurs when an attempt is made to create a repayment for a loan that is not in the "Completed" status. Loans may have various statuses such as "Pending," "In Progress," or "Cancelled," and only those marked as "Completed" are eligible for repayment processing.
  Solution:
  To resolve this error, you should follow these steps:
  
  
  Check Loan Status: Verify the status of the loan in question. You can do this by navigating to the relevant loan management transaction or report in SAP.
  
  
  Update Loan Status: If the loan is not in "Completed" status, you may need to take the following actions:
  
  If the loan is still being processed, ensure that all necessary steps are completed to move it to "Completed" status.
  If the loan should be marked as "Completed" but is not, check for any missing information or approvals that may be preventing the status update.
  
  
  
  Correct Data Entry: Ensure that all data related to the loan is entered correctly. This includes loan amounts, repayment schedules, and any other relevant details.
  
  
  Consult Documentation: Refer to your organization's internal documentation or SAP help resources for specific procedures related to loan management and status updates.
  
  
  Contact Support: If you are unable to resolve the issue, consider reaching out to your SAP support team or a functional consultant who specializes in SAP HCM for further assistance.
  
  
  Related Information:
  
  Loan Management in SAP HCM: Understanding how loans are processed and managed within the SAP HCM module can help prevent similar issues in the future.
  Status Definitions: Familiarize yourself with the different loan statuses and their implications for processing repayments.
  User Training: Ensure that users involved in loan management are adequately trained on the system and understand the importance of loan statuses.
  
  By following these steps, you should be able to address the HRPBSINPS_LOAN006 error and successfully process loan repayments.