How To Fix ICL_LOAN008 - Withdrawal &1 not possible. Repayment amount &2 must be at least &3

SAP Error Message - Details

• Message type: E = Error

• Message class: ICL_LOAN - Message Class for Loan

• Message number: 008

• Message text: Withdrawal &1 not possible. Repayment amount &2 must be at least &3

What causes this issue?

The specified repayment amount &V2& is not enough for withdrawal &V1&.
For a withdrawal amount of &V1&, you need to enter a repayment amount of
at least &V3&.

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?

Perform one of the following activities:
Reduce the withdrawal amount.
Increase the repayment amount to at least &V3&.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message ICL_LOAN008 - Withdrawal &1 not possible. Repayment amount &2 must be at least &3 ?

  The SAP error message ICL_LOAN008 indicates that a withdrawal for a loan is not possible because the repayment amount specified is less than the minimum required amount. This error typically occurs in the context of loan management within the SAP system, particularly when dealing with loan withdrawals and repayments.
  Cause:
  The error message is triggered when:
  
  A user attempts to withdraw an amount from a loan, but the repayment amount specified is below the minimum required repayment amount.
  The system has defined certain rules or thresholds for repayments that must be adhered to, and the attempted transaction does not meet these criteria.
  
  Solution:
  To resolve this error, you can take the following steps:
  
  
  Check the Repayment Amount: Review the repayment amount you are trying to enter. Ensure that it meets or exceeds the minimum required amount specified in the error message.
  
  
  Review Loan Terms: Look into the loan agreement or terms to understand the minimum repayment requirements. This information can usually be found in the loan master data or contract details.
  
  
  Adjust the Withdrawal Request: If the repayment amount is indeed below the minimum, adjust the withdrawal request to ensure that the repayment amount is at least equal to the minimum required amount.
  
  
  Consult Documentation: Refer to the SAP documentation or user manuals related to loan management for specific guidelines on repayment amounts and withdrawal processes.
  
  
  Contact Support: If you are unsure about the minimum repayment amount or if the error persists after making adjustments, consider reaching out to your SAP support team or a financial consultant familiar with your organization's SAP configuration.
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes in SAP for loan management, such as ICL_LOAN for loan processing.
  Configuration Settings: Check the configuration settings in the SAP system related to loan management, as these settings can define the rules for withdrawals and repayments.
  User Roles and Permissions: Ensure that you have the necessary permissions to perform loan withdrawals and repayments, as restrictions may also lead to errors.
  
  By following these steps, you should be able to address the ICL_LOAN008 error and successfully process your loan withdrawal.