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Design and Implementation of Loan Scheme Management System
Design and Implementation of Loan Scheme Management System
SYSTEM
ABSTRACT
This work borders on loan scheme management system. The current system of loan
scheme management system is faced with few technical issues, ranging from Time
wasting in granting of loan to customers. This calls for the need to develop a
system that corrects this error. The design loan scheme management system Enable
the Credit officer grant loan effectively. The present system Keep proper records of
Loan Portfolio. The methodology adopted for this project is the Structured System
Analysis and Design Methodology (SSADM). The new system Generate monthly
Interest on Loan and Advances, The computerized bank loan management system
CHAPTER ONE
INTRODUCTION
money, granting of credit (by means of loan, overdraft) and other transactions such
all debt instruments, a loan entails the redistribution of financial assets over time,
between the lender and the borrower. The borrower initially does receive an
amount of money from the lender, which he has to pay back, usually but not
cost referred to as interest on the debt. A loan is of the annuity type if the amount
Since computer in business has risen above the detailed clerical automation, to
of computer to store, retrieve and analyze data at tremendous speed at low cost has
made it imperative for large corporation and industry to depend on its accuracy and
efficiency in its operation, with the environment at fast pace, viewing this
no exception to the capabilities the computer provides especially in the area of loan
Loan service for small organizations individuals was initiated after a number of
considerations on the banking system. Major Banks are mainly guided by financial
profit for their shareholders. They are after minimization of financial risks. Such
strategies don’t leave much room to people on low income or even small
This research studied the computer-based loan scheme management system-as was
done in Unical Micro-Finance Bank Ltd. Loans are readily given to people who
Apart from being a customer to the necessary for giving him loan. Such conditions
may include: provision of collateral security, having at lest one guarantor and
filling the bank loan management form. The collateral security must be a landed
property before the bank will accept it. Also, the guarantor must have an account
in that bank and must be a reportable person in the society.The role of computer in
deposit of money, granting of credits (loans, overdraft, etc) and other transaction
such as discounting of bills, foreign exchange etc. one of the basic functions of a
bank is to issue out loans to competing users. There are two types of loans that are
being issued out to customers; they are secured loans and unsecured loans.
• Secured loans-: are loans backed by a pledge of some specific valuable
items, known as collateral, which can be seized by the lender should the
type of loan, the bank relies on the general credit record and the earning
obtain some protection in case of default most banks insist that the borrower
maintain some minimum amount of money at the bank while the loan is
The existing loan scheme management system of unical micro finance bank has the
insects.
Depositor's Name
Transaction I'd (for online payment)
Bank used in making payment
Amount Paid
Project Topic
A Functional Email Address
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