Introduction
A Loan Management System admin will populate the list of borrowers, type of loans,
and the loan plan, this data will be used for determining and filtering the request
and active loans. This Bank Loan Management System Project has the ability to
calculate the monthly payment amount depending on loan plans. In this Loan
Management System Project In PHP , feature the admin will only choose the desired
plan and desired amount of the borrower. After that, the admin can simply click the
calculate button to view the monthly payment amount, total amount payable (this
includes the interest), and monthly penalty amount for over dues.
Advantages
Interest rates and the loan details are also available at the
click of a mouse.
This system provides detail about the customers, their loan
details, EMI details and its rate details.
Using with this system admin can find customer easily and it’s
a paperless system so workload is reduced.
The decision process becomes faster and more consistent
After registration and login staffs can use the system easily .
Provides good communication for the customer
Provides a facility to generate the reports very easily.
