Vlookup with multiple column criteria

[dpchheda]

Hi All, I need some help. I am trying to automate credit control function in a company. Amount of credit allowed to a customer depends on the length of relationship and will have different approval levels. However, Index and match isn't exactly helping with the situation. For example, if year is 21B and credit limit is USD 70k, approval level should be FM in the screenshot below. Am I using incorrect formula? Is there better way to achieve this?

 

[mummo]

I am using Office 365 so I have XLOOKUP, so I can only help with how I would do this.
In XLOOKUP you can use 2 lookup values, and 2 lookup arrays, just need to make sure match mode is not set to "exact match".

Hopefully this might help you in resolving the issue until someone with more knowledge with your method can help.

 

[Sufiyan97]

Change your formula

=INDEX($C$2:$C$5,MATCH(F1&F2,$A$2:$A$5&$B$2:$B$5,-1))

 

[dpchheda]

Hi Mummo and Sufiyan,

Your suggestions were helpful especially XLOOKUP which I was not aware about. Thanks for your replies.

Thanks & Regards

 

[Sufiyan97]

Glad we could help & thanks for follow-up.