Configuring Loans in Indian Pay Roll

Mates,

I thought this will serve as a good reference.Thanks to contributors
http://forums.sdn.sap.com/thread.jspa?threadID=1761056&tstart=0

Succintly the below will be required to be kept in mind whilst doing the configration

Loan types
Loan conditions
Features
Max no of loans allowed
Loan eligibility checks and limits
Max amount for loan outstanding


1. First of all you have to create( maintain) Loan types see table V_T591A
2. Then Create Loan Conditions see table V_T506D
3. Maintain two features 40LGR and 40LSL transaction code for feature PE03
4. Max. no. loans allowed (LML1)( Maximum number of loans allowed at a time) Maintain constant LML1 in this table V_511K_B
5 Max. no. loans allowed (LML2)(Maximum no of loans allowed) Maintain constant LML2 in this table V_511K_B
6 Maintain Maximum amount for loans outstanding(LMVAL) Maintain constant LMVAL in this table V_511P_B
7 Maintain Loans Eligibility Checks and Limits see this table V_T7INJ3


IT0045 is the Infotype for loan and loan repayment

1 Houseing Loan

2. Personal Loan
for IT0045 create two sub types 9001 for Houseing Loan 9002 for Personal Loan

u can chec the same in the Configuration

now

for Houseing Loan copy two wage types

9021 from /Lop Loan payment

9022 form /LRP loan Repayment

do same for Personal Loan

now go to XLOZ rule in PE02

Copy it as ZLON

under the node /LOP that is loan payment

make

add L9001 this is ur subtype for Houseing loan
under that ADDWTE9021 as this is ur wage type for Loan Payment

the same logic applicable for /LRP here u have to keep 9022