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The literature and studies cited in this chapter tackle the possibility of loan management. This
institutions.
Kingsley O. et al. (2013) state that the concept of automation has been variously applied in most
undertake the tasks that are being handled by people. It is a pertinent factor on a
profitable and soundly run financial institution. Financial transactions through manual
difficult a task maintaining all entries of users account, search records of activities,
handle loan deduction errors and generate reports. Computers running automated system
are targeted towards eradicating the menace hence making the underlying activities
While Dhar et al. (2009) describe a browser based automated loan system includes a loan engine
offered individually to financial institutions to set up, operate and manage loan product
offerings, a consumer website interface having a loan application form with data fields
relevant to the loan product offerings, a designer component that establishes tasks in the
form of a loan process checklist associated with each loan product offering, and a
workflow engine for automatically evaluating the loan application form using the
In addition to, Green et al. (2003) also said that an automated system and method for reviewing
and assessing compliance with legal compliance requirements for loan application. Loan
application data is extracted from client loan origination systems and transmitted as a
assessment system server where the loan information file is audited for compliance with
Federal, state and local legal compliance requirements. The loan information file is
reviewed for legal compliance requirements imposed by Federal, State, and local
jurisdictions, as well as licensing requirements that the client loan company and related
to handle all loan related transaction records efficiently. This is very helpful for loan providing
organization for costumer registration, EMI calculation and loan approval process.
project that can handle all the loan approval and management related task easily. The GUI of this
project is very simple and user friendly. Any user with having a little knowledge about working
on windows platform can easily operate this software. Loan automation project uses sql server
database has robust stability for storing all transaction details in efficient way.
It deals with the automation activities performed while granting new loan.
It keeps record of various kinds of loan, their customers and monthly instalments.
All the master record of the loan automation system like loan type, loan percentage, city
Customer record entry is done by the concern staff along with his all details and loan type
applied for.
The purposed system has been designed to an offline access for the back office activities of
lending/loan finance company which offers any type of loan. Administrator manage customer
information database more efficiently, Loan details, and maintain loan type and interest rate
information. Admin can use calculator to give exact payable loan amount for the customer &
Facility to store the information of new customer, different types of loans provided by the
Facility to keep record of all loans given by the corporation and their current status, also
Facility to generate different reports, which are helpful for the management in decision
making.
3.2.1 Scope
The propose automation of cooperative focuses to determine the cash flow and loans of each
members. The system will secure members profile where the system can give individual
inventory for each member. The system can generate members statement of accounts and
3.2.2 Limitation
This system is limited to perform online to observe confidentiality of the accounts. The system
limited to be access by the members, thus, this only allows the administrator to operate the
system. This also excludes the generation of the financial statement of accounts and cash flows.
ABSTRACT
The existence of many sophisticated computer systems and various innovations that we find in
this Information Age justifies the age old saying that necessity is the mother of all inventions.
Hence, the developer should develop the system in a most reliable way to facilitate processing of
every members transaction and queries. Thus, the system will automatically check the status of
each member/staff once they login making it not time consuming for both of them. In that case
we proposed the Lending management system that will provide easier and faster of loan
management processes for CIERA LENDING CORPORATION. To assures that the clients will
be satisfied by the services that they give and create a friendly environment to each member.