online loan management system, Lab Reports of Computer Science

Download online loan management system and more Lab Reports Computer Science in PDF only on Docsity! Introduction A Loan Management System admin will populate the list of borrowers, type of loans, and the loan plan, this data will be used for determining and filtering the request and active loans. This Bank Loan Management System Project has the ability to calculate the monthly payment amount depending on loan plans. In this Loan Management System Project In PHP , feature the admin will only choose the desired plan and desired amount of the borrower. After that, the admin can simply click the calculate button to view the monthly payment amount, total amount payable (this includes the interest), and monthly penalty amount for over dues. Advantages  Interest rates and the loan details are also available at the click of a mouse.  This system provides detail about the customers, their loan details, EMI details and its rate details.  Using with this system admin can find customer easily and it’s a paperless system so workload is reduced.  The decision process becomes faster and more consistent  After registration and login staffs can use the system easily .  Provides good communication for the customer  Provides a facility to generate the reports very easily. Drawbacks of existing system  Here the existing system is a manual that doesn't maintain details with proper security and can’t track details easily.  It doesn’t allow the customer to check their profile in proper way which leads customer dissatisfaction.  Existing system doesn’t contains functionalities of fast retrieval information such as customer details and maintenance of all the loan details so it involves lots of paperwork.  Doesn’t user-friendly interface.  Lots of time is required to manage customer info & details so it feels that existing system not accurate and therefore maintenance becomes very complicate.  It used to take more time to find customers because there are required extra manual effort such as to hire candidate.  Difficulty in generating different reports as per the business requirement. Advantages of proposed system  Producing the necessary reports for company management such as Settlement detail report, Accusative case report, Payment report, Accrued Payment report, etc.  Providing an output screen to printer  Perform the right procedures properly  Perform the effective database management system  Present information and instructions in an acceptable and effective fashion  Produce an acceptance interface and method of interaction