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Maintain Loan Types

In this step, you define the loan types that exist within your enterprise. Loan types are subtypes of the Loans infotype (0045).

Example

Employees in your enterprise have the option of taking out building loans and car loans. Both loan types can be loans with constant repayment (installment loans) and loans with a constant total made up of repayment and interest payment (annuity loans).

Requirements

An overview of the loans which exist in your enterprise.

Standard Settings

The SAP standard system contains the following loan types:

Recommendation

Copy the SAP model entries.

Activities

To supplement your loan types, you proceed in the following way:

1. You are in the view Loan Types Definition.
a) Choose New Entries or select an existing entry and choose Copy as ... .
We recommend that you copy an existing entry. By doing so, all the dependent entries in the partial dialogs are also copied. You then only need to modify them. This makes it unnecessary for you to call the New Entries function for every partial dialog.
b) Enter a four-digit key for the loan type in the Subtype field.
We recommend that you use 91 (for installment loans) and 92 (for annuity loans) for both of the first digits of the key. In the standard system, the system differentiates between loan types in the same way: 01x for installment repayments and 02xx for annuity repayments. In this way, you can tell the type of loan repayment from the second character (number). You must use the leading 9 for your customer loan types, as this defines the customer name range for infotype subtypes.
c) Assign a name for the loan type.
We recommend that you specify both the purpose of the loan and the loan type (installment or annuity loan).
d) Choose Enter and select the new loan type.
2. If your system is set up for several countries and you only want to use the new loan type for one country, you should assign the loan type to this country in the following way:
a) Call the relevant view under "Dialog Structure", by double-clicking on Country Assignment.
b) If there is no entry for this yet, choose New Entries.
c) In the Inftyp (Infotype) field, enter 0045 and in the SType (Subtype) field enter the key which you have defined for the new loan type.
d) In the CoGrp (County Grouping) field, enter the country for which you want to use the new loan type, and choose Enter.
e) The system displays an information message.
This message appears because you only save your data to the database when you have entered all data in the partial dialogs. In other words, at this point in time the system does not recognize that the new loan type actually exists.
f) Confirm the message with Enter.
3. Define the repayment type for the new loan type.
a) Call the relevant view by double-clicking on Technical Attribute under Dialog Structure.
b) If there is no entry for this yet, choose New Entries.
c) Choose Annuity loans, Installment loans or Recurring advances.
4. Define the conditions for your new loan type.
a) Call the relevant view by double-clicking on Conditions.
b) If there is no entry for this yet, choose New Entries.
c) Enter the loan type and define a period of validity for the loan condition.
d) In the Loan Condition field, enter a freely definable two-digit key and an explanatory text for the condition.
e) In the Debit Interest field, enter the interest rate for the loan calculation.
f) If necessary, enter a special reference interest rate in the Reference interest rate field.
g) If necessary, select the Interest Rate Advantage field.
h) In the Period Parameter field, enter the key for the periodicity of the loan type.
i) Define the pattern for the deduction of interest and the repayment amount, by defining the first period and the interval to the subsequent periods.
You must specify the interest pattern and repayment pattern for installment loans.
For annuity loans, you must only specify the annuity pattern.
5. Save your entries.

Further Notes

If you delete the entry for a loan type in the view Definition of Loan Types , the system also deletes all the corresponding entries in the other views.