How To Set "Collateral Percentage" More Than 100% When "Collateralized" Is Set As "Secured" In "Loan Product Setup" Page?
Last updated on NOVEMBER 22, 2017
Applies to:Oracle Loans - Version 12.1.3 and later
Information in this document applies to any platform.
In the "Loan Product Setup" page, after selecting "Collateralized" as "Secured", when the "Collateral Percentage" is set to a value more than 100, the following error is encountered :
Collateral Percentage - The Collateral Percentage should be between 0 and 100.
In case of some loan products, the business requirement is that the system should allow 'Collateral Percentage' to be set to any value more than 100%.
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