© July 2021| IJIRT | Volume 8 Issue 2 | ISSN: 2349-6002

Online Loan Management System

Abhishek Pandey1, Ankita Agrawal2, Aditya Kartikeya Dubey3, Nikhil Bhatt4, Utkarsh Yadav 5
1345
Dept. of Computer Science & Engineering, Babu Banarasi DasNational Institute of Technology and
Management, Lucknow, India.
2
Assistant Professor Dept. of CSE, Babu Banarasi DasNational Institute of Technology and Management,
Lucknow, India

Abstract - This research paper describes the idea of more technology in application. user details and
online Loan application have been developed application problems different place solved for agent.
of home loan, Car loan, Education loan, gold loan, Development processor overall provider suggestion
Business loan and online Customer acquisition solution
application is that it will continue on throughout the
an online platform to apply for loan. Loan requirements
future, providing for those who need us most. the
depending upon their eligibility customers will instantly
get to approval for online. there after the bank officials application will also help customers to upload all
will contact customer and complete all the loan necessary documents online, thus empowering the
formalities. after customer need to document details loan customer and also reducing the loan processing time.
orient base on application system each depends on the In this paper section I contains the introduction,
others and need for using the others. The work of online section II contains the literature review details, section
application in production, has been key to the III contains the details about methodologies, section
development of these practices. the different module IV shows architecture details, V describe the result and
more technology in application. user details and
section VII provide conclusion of this paper.
problems different place solved for agent. Development
processor overall provider suggestion application is that
it will continue on throughout the future, providing for 2.RELATED WORK
those who need us most. the application will also help
customers to upload all necessary documents online, thus On the basis of extensive literature survey related to
empowering the customer and also reducing the loan loan management system has been taken into
processing time. consideration in this section.
Jay Chaudhari et. al. 2021, In the daily transmuting
Index Terms - online Loan application, home loan, Car scenarios of the financial world, lenders and students
loan, Education loan, Gold loan, Business loan.
are searching for new, modern and digital techniques
to manage their loans through an automated
1.INTRODUCTION
management system that can ease their effort. The
need of this system is to make the process flexible,
Online Loan application systems have been developed
scalable, agile and fast while being more affordable
application of home loan, Car loan, Education loan,
and reliable. Student Micro Loan Management System
gold loan, Business loan and online Customer
is an application which will provide users information
acquisition solution an online platform to apply for
with different types of loan available for students. This
loan. Loan requirements depending upon their
application gains the headway of an understudy and
eligibility customers will instantly get to approval for
moneylender simple in giving the confirmed data
online. there after the bank officials will contact
about student micro loan. This project provides the
customer and complete all the loan formalities. after
information about various details of Student micro
customer need to document details loan orient base on
(Tuition and facilities) loans which are allocated for
application system each depends on the others and
students. This task accumulates all the data of the
need for using the others. The work of online
advances. This project provides the information about
application in production, has been key to the
various details of education loans and makes it
development of these practices. the different module
available to users in user-friendly website/app.

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Hao Wang, et. al., 2019, Current financial loan Julian VASILEV et. al., 2017, A loan management
management systems are usually deployed in a single information system (for transaction processing in
service mode, also the transactions are not transparent credit institutions) records data for given loans,
and traceable to most of the roles participating in the returned sums for principal, interest and taxes. The
process. Their data privacy protection mechanisms are purpose of this article is to accept or reject our
not robust enough facing various cyber-attacks. To assumption that the more loans are given, the more
overcome these challenges, we propose loan on sums are returned by customers. The main
blockchain (LoC), a novel financial loan management methodology used is time series analysis. Data are
system based on smart contracts over permissioned analyzed in SPSS. The main proved conclusion is that
blockchain Hyperledger Fabric. We use the Chinese incoming money flows in credit institutions do not
poverty alleviation loan as the case study. We design depend on the amount of given loans. This article is
a digital account model for the transfer of assets published for the first time. This article gives notes for
between centralized and decentralized ledgers; and extending existing loan management information
propose locking and unlocking algorithms for smart systems for loan management in credit institutions and
contracts. We introduce digital signature and oracle to banks in the direction of business analysis.
protect the data privacy. Performance evaluations on
chaincode and unlocking codes show that our system S. M. AKTERUJJAMAN, et. Al., 2016, SMEs all over
is applicable in the real financial loan setting. the world have been playing a crucial role in
Akhil Sahota et. al. 2018, Today’s market is promoting economic development as well as industrial
progressing with a great pace. The people are lacking production. SME financing has been identified as a
the time to accomplish all their tasks. The technology major obstacle to SME growth. Unfortunately, the
that saves time is always appreciated whether it an issue seems to be as unresolved as it always has been.
automated machine in a factory or a bank providing a Though the majority of the issues are with the SME
loan to its customers. Most of the times, banks deal themselves, the banks also have major issues in
with a delay in the process due to inappropriate loan designing financial products for the SMEs. This study
processing system. This in some cases leads in the loss tries to find out the underlying problems from the
of their prospective customers. A suitable loan bank’s perspective. The major findings are related to
management system allows the bank to provide their the high interest and loan duration rates, reasons for
customers with quick loan approvals, while at the SMEs relatively informal way of doing business in
same instance, the banks are allowed to disburse the contrast to bank’s formal procedures and prerequisites,
loan amount in a fast pace which further results in bank’s relative inexperience in this field. They are also
happy and satisfied customers. The key aspects of the related to the bank’s lack of perspective, the viability
loan management system include reduced processing and benefits of cluster unity, approach to informal loan
time and turnaround, ability to improve the takers and non-usage of modern technology and
performance throughout and inquire in a much lesser accounting procedures. The recommendations were
time, tracking of status online and better document provided based on the analysis and findings.
management, minimization of errors, details required
and unwanted information requirements and better 3.METHODOLOGY
customer satisfaction with new product offerings and
thus, impacting the minds of the customers. The Proposed System
financial sector is growing and grooming as each day User registration need for details after login different
passes and thus, introducing efficient new type of loan, for car loan, education loan, business
technologies in this sector will surely result in loan, gold loan, home loan, after different details
development of agencies and customers. With provider for loan application different customer details
appropriate steps and efficient technologies, the view for user. Agent registration need for details after
customers and the agencies can bond together, and the login customer query view and loan type view
financial sector can gain more foothold. suggestion provider and status applied changed to
approved or rejected. Agent view for customer.
Manager registration need for details after login loan

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awareness provider for customer and sanctioned • Businees Loan

customer details view and Applied details view. Business loan eligibility in 1 minute available online
& across all branches. Self-employed customers get
4.MODULE DESCRIPTION exclusive higher loan amount. Loan Amount up to
• User Rs.15 lakhs (Up to Rs.40 Lakhs in selected locations)
User module new user registration and login for user
loan type to car loan, education loan, home loan, gold 1. Data Flow Diagram (DFD)
loan, business loan need for customer different loan
typed. Loan file after submit option using .user Start

sending query view and user checked applied for user

logout. YES NO

• Agent
User Login

Agent module new registration and login, agent loan type

different user query view after suggestion provided for
user different loan form details after agent sanctioned
sending customer after logout loan form

• Manager
Manager login after customer awareness provider
view and sanctioned details view. after customer
Unauthorised
applied details view the manager. User
User loan view
• Home Loan
Earn 250 point if your disbursal is less than on equal End Process
to 25 lacs, Earn 500 point if your disbursal is 25 to 50
lacs, Earn 250 point if your disbursal is less than on Figure 1: Data Flow diagram
equal to 75 lacs.
• Car Loan 5. RESULTS
Car Loan value calculated on ex-showroom price of
the vehicle. Attentive interest rates on car loans. Online Loan application have been developed
Banking suggested schemes available loans offered application of Home loan, Car loan, Education loan,
from Rs.1 Laks onward. Gold loan, Business loan and online Customer
acquisition solution an online platform to apply for
• Gold Loan
loan. Loan requirements depending upon their
Earn our gold loan sanction and disbursal is one of the
eligibility customers will instantly get to approval for
quickest with easy documentation and doorstep
online. there after the bank officials will contact
service. Our rates and charger for loan against gold are
customer and complete all the loan formalities. after
very attractive. All charges are communicated up front
customer need to document details loan orient base on
in writing along with the gold loan quotation.
application system each depends on the others and
• Education Loan
need for using the others. The work of online
Quantum of loan the quantum of finance under the
application in production, has been key to the
scheme is capped at Rs 10,00,000 lacs for studies in
development of these practices. the different module
Indian and Rs 20,00,000 lacs for studies abroad, which
more technology in application. user details and
would cover tuition fees, hostel charges (if any), cost
problems different place solved for agent.
of books. The minimum amount of education loan
Development processor overall provider suggestion
would be Rs 10,00, 000.the Quantum of loan can be
application is that it will continue on throughout the
higher amounts above these caps subject to eligibility
future, providing for those who need us most. the
and cost, for case-to-case approval. Margin no for
application will also help customers to upload all
education loans up to RS 4lacs.for loans above Rs
necessary documents online, thus empowering the
4lacs,5% margin for studies within India and 15% for
customer and also reducing the loan processing time.
higher studies overseas.

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Figure 6. shows the type of loan

Figure 2. Shows customer login page

Figure 3. shows customer home page

Figure 7. shows the manager login

6. CONCLUSION

Online loan application used for user different details

and different officer different message provide.
Overall details collection for online loan application
different city used for problem solving to help for
officers and development provider Source and
distribute to the user and the world.

Figure 4. shows the loan application form REFERENCE

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loan in India on (Pg127-135).
Figure 5. shows the agent login

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[4] Mohd Sharif, Oct 2018, A Study on the

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