on 01-26-2015 2:22 AM
Dear Experts,
I have a requirement where in Loans Transaction which we create using the Tcode FNV1, I need to add multiple conditions for Interest & Repayment.
My Scenario:
Loan Start Date : 01.01.2015
Loan End Date : 31.12.2020
Loan Amount 10L
For the first 2 Years I need to add the Interest condition as 8%
and for the rest of the remaining 3 years I need to add the interest condition as 10% (I am aware that in SAP TRM we can add the multiple conditions but how do we add in loans management)
Like the same way customer is going to the repayment on annuity but for the first 2 years he will be paying 1L per year and the next 3 years he will be paying 2.66 L per year.
Please advice how to add the above conditions in the loans transaction.
Regards,
Reenu John
Hello John,
If you need to enter multiple conditions for loans, you have to do the following steps
1. You have to enter one interest condition with the following data:
Field Effective From: 01.01.2015
Percent: 8%
Due on: (as the frequency you need)
Calc. Date: (as the frequency you need)
2. After the 2 years, you create a copy of this condition and enter the following data:
Field Effective from: 01.02.2016
Percent: 10%
Due on:(as the frequency you need)
Calc. Date: (as the frequency you need)
3. And for the first condition I in the first step) you have to modify the field Condition Form and set the 1 Zero Condition, You have to do that, so that the first condition has no relevance to the second condition
You have to do the same for the repayment if you need two diferentes periods of repayments.
Best Regards,
Ivan Menacho
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