diff --git a/src/app/products/loan-products/loan-product-stepper/loan-product-currency-step/loan-product-currency-step.component.html b/src/app/products/loan-products/loan-product-stepper/loan-product-currency-step/loan-product-currency-step.component.html
index fef4eeb37a..f32de9ffa9 100644
--- a/src/app/products/loan-products/loan-product-stepper/loan-product-currency-step/loan-product-currency-step.component.html
+++ b/src/app/products/loan-products/loan-product-stepper/loan-product-currency-step/loan-product-currency-step.component.html
@@ -24,18 +24,12 @@
 
     <mat-form-field fxFlex="48%">
       <mat-label>Currency in multiples of</mat-label>
-      <input type="number" matInput matTooltip="You can enter multiples of currency value. For example, if you put multiples of 100, the currency value will be rounded off to 200, 300, 400, etc." formControlName="inMultiplesOf" required>
-      <mat-error>
-        Currency in multiples of is <strong>required</strong>
-      </mat-error>
+      <input type="number" matInput matTooltip="You can enter multiples of currency value. For example, if you put multiples of 100, the currency value will be rounded off to 200, 300, 400, etc." formControlName="inMultiplesOf">
     </mat-form-field>
 
     <mat-form-field fxFlex="48%">
       <mat-label>Installment in multiples of</mat-label>
-      <input type="number" matInput formControlName="installmentAmountInMultiplesOf" required>
-      <mat-error>
-        Installment in multiples of is <strong>required</strong>
-      </mat-error>
+      <input type="number" matInput formControlName="installmentAmountInMultiplesOf">
     </mat-form-field>
 
   </div>
diff --git a/src/app/products/loan-products/loan-product-stepper/loan-product-currency-step/loan-product-currency-step.component.ts b/src/app/products/loan-products/loan-product-stepper/loan-product-currency-step/loan-product-currency-step.component.ts
index b8f7903651..572ab31bd9 100644
--- a/src/app/products/loan-products/loan-product-stepper/loan-product-currency-step/loan-product-currency-step.component.ts
+++ b/src/app/products/loan-products/loan-product-stepper/loan-product-currency-step/loan-product-currency-step.component.ts
@@ -24,17 +24,15 @@ export class LoanProductCurrencyStepComponent implements OnInit {
     this.loanProductCurrencyForm.patchValue({
       'currencyCode': this.loanProductsTemplate.currency.code || this.currencyData[0].code,
       'digitsAfterDecimal': this.loanProductsTemplate.currency.decimalPlaces ? this.loanProductsTemplate.currency.decimalPlaces : 2,
-      'inMultiplesOf': this.loanProductsTemplate.currency.inMultiplesOf ? this.loanProductsTemplate.currency.inMultiplesOf : 1,
-      'installmentAmountInMultiplesOf': this.loanProductsTemplate.installmentAmountInMultiplesOf ? this.loanProductsTemplate.installmentAmountInMultiplesOf : 1
+      'inMultiplesOf': this.loanProductsTemplate.currency.inMultiplesOf,
+      'installmentAmountInMultiplesOf': this.loanProductsTemplate.installmentAmountInMultiplesOf
     });
   }
 
   createLoanProductCurrencyForm() {
     this.loanProductCurrencyForm = this.formBuilder.group({
       'currencyCode': ['', Validators.required],
-      'digitsAfterDecimal': [2, Validators.required],
-      'inMultiplesOf': [1, Validators.required],
-      'installmentAmountInMultiplesOf': [1, Validators.required]
+      'digitsAfterDecimal': [2, Validators.required]
     });
   }