Manuscript received on November 20, 2019. | Revised Manuscript received on November 28, 2019. | Manuscript published on 30 November, 2019. | PP: 8017-8022 | Volume-8 Issue-4, November 2019. | Retrieval Number: D4415118419/2019©BEIESP | DOI: 10.35940/ijrte.D4415.118419
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© The Authors. Blue Eyes Intelligence Engineering and Sciences Publication (BEIESP). This is an open access article under the CC-BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/)
Abstract: Credit institutions are critical organizations whose role in society and modern economy is very important for issuing loan to individuals, businesses and other organizations. Before such institutions came to the scene, there was no secure place for individuals and businesses to get credit, which caused a lot of chaos. The proposed loan management system brings various loan portfolios on one platform to assist the atomization of servicing and management of such credit institutions. Branches of credit institutions are connected with the loan management system. If client provides all required information and submit all required documents, the loan underwriter will verify and approve the loan from the system. The proposed system will automatically inform to the applicant with required information for proceeding. Loan underwriter can manage and monitor multiple loan portfolios from multiple locations through a single platform starting from prospecting to closure. The proposed system also simplifies the decision making processes. The architecture of loan management system using ISI Server, PhP and MySql is proposed in this work. The suggested architecture consists of four primary components: Clients, internet link, server, and branches of credit institutions. Clients can register, apply and trace their loan through online via desktop, laptop, and portable tablet or mobile. A dependable and safe server is taken into account to actualize the framework. In addition, reliability and security problems considered for designing the system are stated here. Some portion of the suggested architecture is currently being implemented and tested that is also outlined in this paper.
Keywords: Loan Management; Credit Institutions ; ISI; Php; Mysql.
Scope of the Article: Data Management.