diff --git a/src/app/products/loan-products/loan-product-stepper/loan-product-settings-step/loan-product-settings-step.component.html b/src/app/products/loan-products/loan-product-stepper/loan-product-settings-step/loan-product-settings-step.component.html
index c068dbd81..66e8544ac 100644
--- a/src/app/products/loan-products/loan-product-stepper/loan-product-settings-step/loan-product-settings-step.component.html
+++ b/src/app/products/loan-products/loan-product-stepper/loan-product-settings-step/loan-product-settings-step.component.html
@@ -163,7 +163,7 @@
 
     <mat-form-field fxFlex="48%">
       <mat-label>Delinquency Bucket</mat-label>
-      <mat-select formControlName="delinquencyBucketId" required>
+      <mat-select formControlName="delinquencyBucketId">
         <mat-option *ngFor="let delinquencyBucket of delinquencyBucketData" [value]="delinquencyBucket.id">
           {{ delinquencyBucket.name }}
         </mat-option>
diff --git a/src/app/products/loan-products/loan-product-stepper/loan-product-settings-step/loan-product-settings-step.component.ts b/src/app/products/loan-products/loan-product-stepper/loan-product-settings-step/loan-product-settings-step.component.ts
index f5fe6e191..39c4c0725 100644
--- a/src/app/products/loan-products/loan-product-stepper/loan-product-settings-step/loan-product-settings-step.component.ts
+++ b/src/app/products/loan-products/loan-product-stepper/loan-product-settings-step/loan-product-settings-step.component.ts
@@ -236,7 +236,7 @@ export class LoanProductSettingsStepComponent implements OnInit {
         'graceOnPrincipalAndInterestPayment': [true],
         'graceOnArrearsAgeing': [true]
       }),
-      'delinquencyBucketId': ['', Validators.required],
+      'delinquencyBucketId': [''],
       'enableDownPayment': [false],
       'enableInstallmentLevelDelinquency': [false],
       'useDueForRepaymentsConfigurations': [false],