Let’s see how create Loan Management System PHP project. Actually this concept used on various category like Car, Bike, House, Business, Agriculture personal, mobile phone, jewel loan and more category. Nowadays most of peoples are buy the products via loan that’s called EMI.
Because some peoples have full money to pay the amount. That’s why they are initially pay some amount, after that monthly based settled the loans. Me also get car loan from HDFC bank in the amount of 5 Lakhs & interest is Rs.75,000 for 3 years.
Now everything was under on loan, without this no one able to run the life. It’s fill one of the biggest place on our society. Most of banks runs via the customer loan amount. Minimum interest is Rs.1000 for one person, so when calculate all profit amount it will cross lakhs of rupees.
Loan Management System
The proposed system is we give list of loan category. So particular users are able to apply all the loans if they are eligible for that, then we are sanction the amount. For example if you are getting car loan for Rs.10 lakhs, the next process is we check your bank cibil scrore. The score is good, then we provide some amount for your loan products.
Everyone have Aadhaar number, so government or private banks are easily get our entire bank transction via the aadhaar information. This is the major reason for central government introduce this feature. Without aadhaar we did not buy most of things & it’s also connected with our bank accounts.
- The initial steps user has request to the loan from the manager. After that manager ask the loan amount then check the document for getting loan.
- If all the documents are correct then proceed the next step of payments.
- If the loan is accept, then the user need to create account for pay the loan amount. In other hand they are miss to pay the amount, penalty will be added.
- Still no response ? Hereafter take legal actions via police station.
The bank party have full rights to take legal actions. That’s why most of peoples are correctly clear the due amount. Otherwise they are facing lot of problems from third party side.
Features
More features are available but peoples pay the amount on the fixed time. Okay let’s discuss the list of features. After reading this students are easily able to learn the courses.
- Login/Signup page
- More questions with Answer
- Education
- Part Time flexible Job
- 24/7 feature
Understand the one thing, if you are well on cooking then surely able to reach more fan. The initial step is need to explore the things. Similarly we are search in our end, so hear about the song of normal lights. May be in the feature he is controlled on our eyes.
Loan Management System Source Code
I hope this loan management system PHP project was explain very well for learn the new things. Here did not use web frameworks, because it’s not a high level process. Therefore I use Core PHP for learn something like of domain. Anyhow already everything was converted.