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 d6a9ea371..8bb90bd04 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
@@ -31,30 +31,53 @@
       <mat-label>{{ 'labels.inputs.Decimal Places' | translate }}</mat-label>
       <input
         type="number"
+        min="0"
         matTooltip="{{ 'tooltips.Number of decimal places to be used to track and report' | translate }}"
         matInput
         formControlName="digitsAfterDecimal"
         required
       />
-      <mat-error>
+      <mat-error *ngIf="loanProductCurrencyForm.get('digitsAfterDecimal')?.hasError('required')">
         {{ 'labels.inputs.Decimal Places' | translate }} {{ 'labels.commons.is' | translate }}
         <strong>{{ 'labels.commons.required' | translate }}</strong>
       </mat-error>
+      <mat-error *ngIf="loanProductCurrencyForm.get('digitsAfterDecimal')?.hasError('min')">
+        {{ 'labels.inputs.Decimal Places' | translate }} {{ 'labels.commons.Minimum Value must be' | translate }}
+        <strong>0</strong>
+      </mat-error>
     </mat-form-field>
 
     <mat-form-field class="flex-48">
       <mat-label>{{ 'labels.inputs.Currency in multiples of' | translate }}</mat-label>
       <input
         type="number"
+        min="1"
         matInput
         matTooltip="{{ 'tooltips.Enter multiples of currency value' | translate }}"
         formControlName="inMultiplesOf"
+        required
       />
+      <mat-error *ngIf="loanProductCurrencyForm.get('inMultiplesOf')?.hasError('required')">
+        {{ 'labels.inputs.Currency in multiples of' | translate }} {{ 'labels.commons.is' | translate }}
+        <strong>{{ 'labels.commons.required' | translate }}</strong>
+      </mat-error>
+      <mat-error *ngIf="loanProductCurrencyForm.get('inMultiplesOf')?.hasError('min')">
+        {{ 'labels.inputs.Currency in multiples of' | translate }}
+        {{ 'labels.commons.Minimum Value must be' | translate }} <strong>1</strong>
+      </mat-error>
     </mat-form-field>
 
     <mat-form-field class="flex-48">
       <mat-label>{{ 'labels.inputs.Installment in multiples of' | translate }}</mat-label>
-      <input type="number" matInput formControlName="installmentAmountInMultiplesOf" />
+      <input type="number" min="1" matInput formControlName="installmentAmountInMultiplesOf" required />
+      <mat-error *ngIf="loanProductCurrencyForm.get('installmentAmountInMultiplesOf')?.hasError('required')">
+        {{ 'labels.inputs.Installment in multiples of' | translate }} {{ 'labels.commons.is' | translate }}
+        <strong>{{ 'labels.commons.required' | translate }}</strong>
+      </mat-error>
+      <mat-error *ngIf="loanProductCurrencyForm.get('installmentAmountInMultiplesOf')?.hasError('min')">
+        {{ 'labels.inputs.Installment in multiples of' | translate }}
+        {{ 'labels.commons.Minimum Value must be' | translate }} <strong>1</strong>
+      </mat-error>
     </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 0702df9fc..487fd4209 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
@@ -45,8 +45,8 @@ export class LoanProductCurrencyStepComponent implements OnInit {
       digitsAfterDecimal: this.loanProductsTemplate.currency.decimalPlaces
         ? this.loanProductsTemplate.currency.decimalPlaces
         : 2,
-      inMultiplesOf: this.loanProductsTemplate.currency.inMultiplesOf,
-      installmentAmountInMultiplesOf: this.loanProductsTemplate.installmentAmountInMultiplesOf
+      inMultiplesOf: this.loanProductsTemplate.currency.inMultiplesOf ?? 1,
+      installmentAmountInMultiplesOf: this.loanProductsTemplate.installmentAmountInMultiplesOf ?? 1
     });
   }
 
@@ -58,10 +58,25 @@ export class LoanProductCurrencyStepComponent implements OnInit {
       ],
       digitsAfterDecimal: [
         2,
-        Validators.required
+        [
+          Validators.required,
+          Validators.min(0)
+        ]
       ],
-      inMultiplesOf: '',
-      installmentAmountInMultiplesOf: ''
+      inMultiplesOf: [
+        1,
+        [
+          Validators.required,
+          Validators.min(1)
+        ]
+      ],
+      installmentAmountInMultiplesOf: [
+        '',
+        [
+          Validators.required,
+          Validators.min(1)
+        ]
+      ]
     });
   }