Loan Automation System is an asp.net project on loan processing. There are various types of loans: house loan, car loan, personal loan and many more. Usually all the loan type follow the same approval process. This application has been developed keeping in view of these processes. This asp.net project is developed in C# with SQL Server database. It will save user time in filling records.
Modules of Loan Automation System
- User login
- Change password
- Customer registration
- New loan entry
- Loan report
- Receive payment
- Loan statement
- EMI calculator
- Loan type master
- State master
- City master
- Customer report
- User report
- View inquiry
Introduction & objective of Loan Automation System
This application mainly deals with the automation of loan approval activities. All the master information of customer is entered to whom loan has to issue. Different types of loan are available with different interest rates. Customer apply loan according to their need. After registering customer loan is sanctioned based on eligibility and requirement. Details of every loan approved is gathered such as loan account number, customer name, address, contact number, type of loan, loan amount, period of repayment, date of sanction and monthly installment of repayment. When customer pay loan installments the details of loan are gathered and payment id, amount and date of payment are stored. The operator has to simply select appropriate menu such as customer registration, EMI calculator, loan master, installment payment etc.
Identification of need for Loan Automation System
Nowadays everything in loan processing system is being done manually. Customer registration, issuing of loan and keeping record of installment payment every detail is maintained on papers. First when customer comes to the company he has to be register in the manual system. Then the biggest problem arises is to verify whether the same customer already registered with any other loan or new customer. But with computerized system this problem can be resolved in seconds.
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