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

ICL_LOAN009 - Overview

• 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.

ICL_LOAN009 - Details

• 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