Skip to Content
avatar image
Former Member

How to do Deferral Interest Configuration in Loans in Sap HR ???

Hi Experts,

The loan scenario goes like this emp has taken a loan of Rs 10000 and his fixed emi is Rs 1000 and his interest rate is 10% .... so client wants to input the info of interest in the Infotype 0045 but when they dont want to deduct interest every month, they want to accumulate interest and toward end of the loan after the full amount of Loan is paid off they want to deduct interest from the salary. Please help me??????

Best Regards,

Raj

Add comment
10|10000 characters needed characters exceeded

  • Former Member

    Hi Experts,

    Please answer this Query as clients wants this to be resolved asap.........

    Best Regards,

    Raj

  • Get RSS Feed

6 Answers

  • Best Answer
    avatar image
    Former Member
    Nov 16, 2016 at 08:00 AM

    Is there anyone who can help me with this query???????????????

    Please Reply!!!

    Best Regards,

    Raj..

    Add comment
    10|10000 characters needed characters exceeded

  • avatar image
    Former Member
    Dec 06, 2016 at 06:06 AM

    Hi,

    If you check view V_T506D, can find there have a option to customize Loan Interest cycle as per loan condition. You can set interest calculation period as per your requirement.

    Thanks

    Add comment
    10|10000 characters needed characters exceeded

  • Dec 06, 2016 at 05:40 PM

    Have you tried doing a search on "how to defer loan interest in sap" ?

    google-search.png

    Note that many of the suggestions are from https://help.sap.com/...

    Add comment
    10|10000 characters needed characters exceeded

    • Former Member

      Remi,

      Thanks for responding back to me!!!!!

      I have searched in Google but what I need is not there. So thats the reason I raised a query.

      Please help me with configuration steps, where I can make changes to get the desired output.

      Best Regards,

      Raj

  • Dec 07, 2016 at 01:03 PM

    I'm not familiar with Payroll for India, nor are we using Loans (IT0045) in our system.

    Have you done the configuration suggested on help.sap.com ?

    http://help.sap.com/erp_hcm_ias2_2015_03/helpdata/en/51/2fefd5a8b441f8acceb3ae2fce3628/content.htm

    Add comment
    10|10000 characters needed characters exceeded

    • Former Member Rémi Corriveau

      Remi,

      I checked the Feature of INTLO and BAdI HRPY_LOAN_PAYMENTS is activated.

      In INTLO feature system is showing MOLGA Country Grouping as 40 (for India) and then default value showing is "3" act/365.

      Best Regards,

      Raj

      screenshot.jpg (35.4 kB)
  • Dec 13, 2016 at 01:08 PM

    Every Feature I can think of repeats it's name in the Operation used.

    I'm not familiar with Payroll for India, nor with the configuration for the Loan functionality, but fFor your Feature INTLO, try changing 3 act/365 by &INTLO=act/365,

    The attached copy is of our Feature INTLO, which we have never modified, and the documentation suggests a few options for what goes between &INTLO and the comma (,) but none correspond to "3 act".

    feature-intlo.png

    Add comment
    10|10000 characters needed characters exceeded

  • avatar image
    Former Member
    May 03, 2017 at 11:34 AM

    Hi Mate,

    Please correct me if my understand is wrong about your requirement.

    You want to process the loan but interest amount should not be deducted monthly basis. Is it correct..?

    If it's so..! then follow the below steps

    I think you know the PCR for technical wage type (/LID interest due) loan interest calculation .

    1. Create one custom wage type XXXX and pass loan interest due amount to XXXX then don't maintain this wage type in Payslip.

    2. Ask user to download report from PC00_M40_CWTR or PC00_M40_ANN.

    Regards

    Mohan

    Add comment
    10|10000 characters needed characters exceeded

    • Former Member

      Hi Mohan,

      Thanks for responding to this query!!!!!

      Client does not want to deduct loan interest but wants to accumulate interest till the loan ends and then wants to deduct the loan amount from that time from the emp salary.

      For Example: Emp took a loan of amount Rs 100000 and his installment is Rs 10000 and his interest on Loan is Rs 500 so client want to only deduct Rs 10000 i.e. installment and till that accumalate the interest of Rs 500 and after 10 Months when the loan is cleared and in the 11 th month system should automatically deduct Interest from emp salary.

      Please let me know if you need more clarity on this !!!!!

      Best Regards,

      Raj