What is loan quote variant in SAP FS-AM - Account Management?

SAP Term: loan quote variant

• Component: FS-AM

• Component Name: Account Management

• Description: Process Object Type POT for creating different options for a banking customer quote.

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• Key Concepts: 
  A loan quote variant is a feature of the SAP FS-AM Account Management component. It is used to define the parameters of a loan quote, such as the interest rate, repayment period, and other terms. The loan quote variant is then used to generate a loan quote for a customer. 
  
  How to use it: 
  To use a loan quote variant, first create the variant in the SAP system. This can be done by entering the desired parameters into the relevant fields. Once the variant is created, it can be used to generate a loan quote for a customer. The customer can then accept or reject the quote. 
  
  Tips & Tricks: 
  When creating a loan quote variant, it is important to ensure that all of the parameters are accurate and up-to-date. This will ensure that customers receive accurate quotes and that they are not misled by incorrect information. 
  
  Related Information: 
  The SAP FS-AM Account Management component also includes features such as loan origination and loan servicing. These features can be used in conjunction with loan quote variants to provide customers with comprehensive loan services.