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Sunday, 25 February 2018

LOAN MANAGEMENT SYSTEM

INTRODUCTION OF ONLINE LOAN MANAGEMENT SYSTEM

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This system is named as an Online loan management system. This system is designed to easily maintain the data of the loan customers specifically. This system is made to keep the records about the customers who have taken a loan from a bank.
Registered user can login into the Loan management system using the email id or the user id and password. After signing in into this system there are the options to add new customers, manage the account of old customers and to check their other details etc.
Daily many new customers visit the bank, so adding the new customer’s details and keeping the records using it is very easy. There are many other options also like changing repo rate, adding new accounts etc.
New and unique ids are given to everyone who gets registered over this system and to the customers who take the loan. There are also the options to check the customer’s loan amount, interest rate and the unpaid amount.
Amount paid by any customer or can be saved on it and it is easy to calculate daily that the money is collected.Bank staff members like a manager, the cashier can the also check the details of their customers like if any customer has not paid the monthly amount from the last three months then it will notify itself to the user.
It is easy to calculate money and handle account on monthly basis also. This system also has an option to use the backup, that means if we are backing up the database it can never be lost.
It can also take attendance of the working staff and can also manage their account for salary. A staff member can also have taken the loan from the bank and that can also be seen. So, overall this loan management system is a solution to all the problems that we face in a banking system.

MODULES OF ONLINE LOAN MANAGEMENT SYSTEM

Our system has two main interfaces. One is for customers and the other is for the user which manages all the bank accounts. Along with these, we have other interfaces which can be discussed as below:

ADMIN:

Admin is the one who verifies the user or the customer which is going to register itself on the loan management system. There can be only one account of admin and all other accounts can be either of user or customer.
Admin cannot see the details of the bank loan accounts, only user and customer can see it. Admin can only add or delete accounts.

LOGIN:

After registration one can log in the system as the operator of the system on the behalf of user. After this, he has the other user interfaces available for further actions like adding and deleting doctors and other staff members etc.

ADDING NEW ACCOUNTS:

The first option that is provided in the loan management system is adding new customers or users which are most important. When a new customer goes to a bank, then he or she might have an account or might want to open one.
A customer who has account in the bank can only take loan so even if a user comes to take a loan, his or her account must be opened in the bank first. So, adding new customers’ details in the database is most important and then the user does the other tasks.
In the details person’s address, phone number, disease or problem and some other things are asked.

KEEPING LOAN DETAILS:

Another function that this software provides is keeping the details of the customer loan. For example, how many instalments have been paid by the user and how many are left.
How many instalments were not paid by the customer in the past etc. when will the loan be over and what kind of loan is taken by the customer.

MAINTAINING RECORDS:

A customer can ask for the details of its anytime. May be later in any other loan if he requires it. It is very important to maintain the records of patients properly. This feature is given in this loan management system.
It keeps all the data saved and by entering the customer id or name it can be fetched whenever it is required.

MONTHLY INSTALLMENTS AND INTEREST RATE:

As the repo rate gets increased or decreased by the RBI then the banks also increase their interest rate. Therefore, it is very important to know the interest rate to the customer according to which customer will pay the amount.
A number of the instalments might get increased or decreased if the customer wants.

BANK DETAILS:

As this system can be used for any bank so there is an option to add the details about the bank and then the details about the bank branches according to which the customers taking a loan from specific bank branches will be added.
This system is designed keeping the things in mind that there might be many different banks using this system. After adding the details about a particular bank which are required only once all other details and bank branches can be added.
If there is a customer who wants to take a loan from a bank branch which is not present in the loan system then the loan cannot be given as it might be a fraud case.

SYSTEM DESIGN OF ONLINE LOAN MANAGEMENT SYSTEM:

Now this prison management system is designed in such a way that it takes fewer resources to work properly. It has its own sort of minimum requirements that we need to take care of :
The system needs a minimum of 2 GB of ram to run all the features smooth and sudden.
It needs a minimum 1.3 GHz processor to run smooth as less than that may create problems.
The system needs to be operated by some authorized person as wrong hands can make it irresponsible.
Rest is all up to the user’s usage will care for hardware
For security Antivirus is recommended.
The system is made properly and all the testing is done as per the requirements. So, the rest of the things depend on the user and no one can harm the data or the software if the proper care is done.
All the attributes are working perfectly and if any error is found then it can be removed easily.

ER DIAGRAM OF ONLINE LOAN MANAGEMENT SYSTEM:

ER DIAGRAM OF ONLINE LOAN MANAGEMENT SYSTEM:

ENTITY ADMIN:

Every User detail needs to be stored in a proper manner with very needed attributed. As all the other tasks can be performed only if the user is authenticated. After the admin has registered and is verified by the admin then the user can perform all the tasks on it. Some of the features of the user are as the follows:

PRIMARY KEY USER ID:

The user id is system generated and unique, which can be referenced in any other entity.This mostly for recognizing it in the unique way anywhere in the program.

USER NAME:

User name is taken from the user and fed into this it is properly validated so that no mistake happens.

NUMBER:

The phone number is taken here to keep the member updated and for the confirmation of the event is also managed through this method.

EMAIL:

Email is taken to make member aware of new offers a new events and for future references, it is, also relevant.

ADDRESS:

Address of the user is required at the time the receptionist is registering itself on the system

PASSWORD:

The password is required to login into the system and the password must contain a special character, a numeric character and an upper case letter.

ENTITY CUSTOMER:

A customer that came to the bank for taking loan of any a type of home loan, study loan, car loan etc. and if the customer is new a unique and new id is given to the customer and if the customer is old then customers entry with the date is done and the further account is started.
For the new customer, the information that is required names, age, address, phone number and the loan type and amount for which the customer has come to the bank.

CUSTOMER NAME:

User name is taken from the user and fed into this it is properly validated so that no mistake happens.

NUMBER:

The phone number is taken here to keep the member updated and for the confirmation of the event is also managed through this method.

ADDRESS:

Address of the user is required at the time the receptionist is registering itself on the system

LOAN TYPE:

The customer might have taken any type of loans like study loan, car loan or home loan. So, it must be added in the database.

ENTITY BANK:

The bank is the one who gives the loan to the banks and if the customer is fake then it is dangerous for the bank. The bank must have the knowledge about its customers, its branches and the information that is required for the bank branches is a name, address, phone number. These attributes are explained below:

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