How To Fix ICL_LOAN009 - Withdrawal &1 not possible. Repayment total sum &2 must be at least &3

SAP Error Message - Details

• Message type: E = Error

• Message class: ICL_LOAN - Message Class for Loan

• Message number: 009

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

What causes this issue?

The total of all repayments for the policy loan with this claim is &V2&.
This is not enough for the specified withdrawal of &V1&.

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 amounts so that the total of the repayment
amounts is 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_LOAN009 - Withdrawal &1 not possible. Repayment total sum &2 must be at least &3 ?

  The SAP error message ICL_LOAN009 indicates that a withdrawal for a loan is not possible because the total sum of repayments must meet a certain minimum requirement. This error typically arises in the context of loan management within the SAP system, particularly in the Insurance or Financial Services modules.
  Cause:
  The error message is triggered when:
  
  The total amount of repayments made or to be made on a loan does not meet the minimum required amount specified by the system.
  There may be a configuration issue in the loan management settings that defines the minimum repayment requirements.
  The withdrawal amount requested exceeds the allowable limits based on the current repayment status of the loan.
  
  Solution:
  To resolve this error, you can take the following steps:
  
  
  Check Repayment Amounts: Review the total repayment amounts that have been made against the loan. Ensure that they meet the minimum required amount specified in the error message.
  
  
  Review Loan Configuration: Check the configuration settings for the loan product in SAP. Ensure that the minimum repayment requirements are correctly set up according to your business rules.
  
  
  Adjust Withdrawal Request: If the withdrawal amount requested is too high, consider reducing the withdrawal amount to comply with the repayment requirements.
  
  
  Consult Documentation: Refer to the SAP documentation or help files related to loan management to understand the specific requirements for withdrawals and repayments.
  
  
  Contact Support: If the issue persists after checking the above points, consider reaching out to your SAP support team or consulting with an SAP expert who can provide further assistance.
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes in SAP for loan management, such as ICL (Insurance Claims and Loans) transaction codes.
  SAP Notes: Check for any SAP Notes related to loan management and error messages that might provide additional insights or patches.
  User Roles and Authorizations: Ensure that the user attempting the withdrawal has the necessary authorizations to perform the transaction.
  
  By following these steps, you should be able to identify the cause of the error and implement a solution to resolve it.