Loan automation system
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Date
2022
Journal Title
Journal ISSN
Volume Title
Publisher
UMT, Lahore
Abstract
The project Loan Automation System is web-based. This project offers a precise and practical method of managing the loan approval and EMI collecting tasks, and this website is not added to our online interest rate on any loans. The loan approval system offers a dependable and practical platform for loan administration and the EMI collection procedure, which is particularly beneficial for banking staff. The Loan Processing System's GUI is extremely user-friendly. The bank employees can easily understand and use all web forms. The Loan Processing System stores data on SQL Server, which offers strong stability for efficiently and accurately recording all the large transaction details. Banks and other lending institutions face difficult circumstances in the post-pandemic era due to higher levels of non-performing assets, rising default rates, and decreased consumer spending, resulting in lower earnings. The procedure of giving credit must be improved by financial service providers in order to stimulate the economy. With regard to the next EMI date, remaining amount, and other details, the Loan Automation System provides very friendly to users and clear reports for its staff & customers.