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16 views17 pages

Presentation 1

Uploaded by

hiteshnagdewani14
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Mahakal Institute Of Technology

Department of computer science and technology

Project
On
“Loan Management System”

Presented By:-
Guided By:- 1. Hitesh Nagdewani
Prof. Tarannum Khan 2. Khushraj Singh Thakur
3. Manish Rathore
Contents-
• Introduction
• Literature Review
• Problem Statement
• Analysis Overview
• Design Overview
• Screenshots
• Limitations & Future Scope
• Conclusion
• References
Loan Management System-
• Loan – A Loan is when you receive money from your friends , bank
or financial institution for future repayment of the principal plus
interest.

• People take loans to access money they don't have immediately.


Common reasons include:
1.Buying a home or car: For big purchases they can't pay upfront.
2.Starting or expanding a business: To fund growth.
3.Education: Paying for school or college.
4.Emergencies: Covering unexpected medical bills or repairs.

• Loan management system- It is a digital platform that helps


automate every stage of loan lifecycle, from application to
closing.

Loan management system


Literature Review-
• Existing Loan Management Systems- A survey of
the current market reveals a variety of loan
management solutions, each with their own
strengths and limitations.

• Emerging Trends- The literature highlights the


increasing demand for digital, mobile-friendly, and
cloud-based loan management platforms to meet
evolving customer expectations

• Technological Advancements - The review


explores how new technologies, such as machine
learning and blockchain, are transforming the loan
management landscape.
Problem Statement-

•Slow Processes: Old methods make loan work take too long
and cause mistakes.
•Confusion: Borrowers and lenders can't easily check loan
progress.
•Rules Problems: Hard to follow all loan-related laws.
•Data Safety: Risk of information leaks or hacking.
•Growth Limits: Old systems can’t handle more work or new
technologies.
Analysis Overview-

•Handles Loan Applications: It helps collect and process


loan requests quickly.
•Assesses Risk: It checks if borrowers can repay loans by
looking at their credit and financial history.
•Tracks Loans: It keeps track of loan status, payments, and
due dates.
•Improves Efficiency: It makes loan processing faster and
more accurate.
•Challenges: It can be expensive to set up, and protecting
customer data is important.
Use Case Diagram
Design Overview-
•User Interface: Simple portals for customers to
apply for loans and for admins to manage them.
•Loan Application: Collects borrower details,
checks credit, and approves or rejects loans
automatically.
•Loan Tracking: Monitors loan payments,
schedules, and sends reminders.
•Risk Management: Analyzes data to predict risks
and create reports.
•Security: Protects data with encryption and
secure logins for users.
Flow Chart of Loan Management System
EasyFunds
Limitation & Future Scope-

1.Costly Setup: It can be expensive to start using a loan


management system.
2.Hard to Connect: It’s tough to link with old systems.
3.Security Issues: Protecting private data is tricky.
4.Needs Experts: Requires skilled workers to run it.
5.Changing Rules: The system needs updates to follow
new laws.

Future Possibilities:
•Using AI to make better decisions.
•Adding blockchain for safer transactions.
•Making it easier to use on phones.
•Automating customer support with chatbots.
•Expanding to manage international loans.
Conclusion-

1.Speeds up Loans: Makes applying and approving loans


faster.
2.Fewer Mistakes: Reduces errors in loan tracking.
3.Better Experience: Easy for customers to check their
loans.
4.Keeps Data Safe: Protects personal and financial
information.
5.Grows with Business: Can handle more loans as the
business grows.
References-

1."Financial Servicesand Systems" by Dr. B. Santhanam:


Explains Indian financial systems, including loans.
2."Banking and Financial Systems in India" by M.Y.
Khan: Covers Indian banking and loan management.
3.National Institute of Bank Management (NIBM):
Research on loan management in Indian banks.
4."Digital Financial Services in India" by Rajesh K.
Gupta: Focuses on digital loan systems in India.
5.MIFOS X: Open-source software used for loan
management in India.
Any Query?
Thank You

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