Hi Experts,
I am in deed to seek your suggestions on below requirement.
We have a requirement to configure the Loans (IT 0045), the scenario is as below.
The eligibility of loan on band wise as below and the rate of interest is 5% FLAT rate.
Band 1 15,000
Band 2 20,000
and if employee availed loan in band1 for Rs. 15,000 and if he promoted to band 2, then he is eligible for Rs. 5000 (20,000 - 15,000).
Could you please advise me how to meet the requirement and also please suggested me how to configure Flat interest rate ?
Thanks in Advance
You can use PCRa in XAL0 subschema
a)PCR 1 - to derive the interest rate based on the business rules;
b)next PCR 2 - to calculate the interest with the rate from above and add it to interest deduction w/t.
The deduction function PRPRI will deduct the loan dedn & interest dedn w/t's (which need to be in deduction priority config).