Loan Management System Essay

CERTIFICATE This is to certify that Dissertation entitled â€Å"Loan Management System† submitted by Ritesh Raikwar is approved as partial fulfilment for the award of Bachelor of Computer Application degree by Devi Ahilya Vishwavidyalaya, Indore. Recommendation The dissertation entitled â€Å"Loan Management System† submitted by Ritesh Raikwar is a satisfactory account of the bonafide work done under Dr. Sanjay Tanwani supervision is recommended towards the partial fulfilment for the award of the Bachelor of Computer Application degree by Devi Ahilya Vishwavidyalaya, Indore. CANDIDATE DECLARATION I hereby declare that the work which is being presented in this project entitled Loan Management System in partial fulfillment of degree of Bachelor of Computer Application is an authentic record of my own work carried out under the supervision and guidance of Dr. Sanjay Tanwani in Department of COMPUTER SCIENCE of School of Computer Science and Information Technology, Devi Ahilya Vishwavidyalaya, Indore. I am fully responsible for the matter embodied in this project in case of any discrepancy found in the project and the project has not been submitted for the award of any other degree. ACKNOWLEDGEMENT My study at the Institute has equipped me with the necessary skills and competence to face this challenging world with pride and confidence, especially this project has given me a sense of achievement. I wish to express my sincere gratitude to my guide Dr. Sanjay Tanwani, Lecturer and Head of Department Computer Science of SCSIT-DAVV for his encouragement and guidance throughout the work on this project. His guidance and whole-hearted inspiration has been of greatest help to me in bringing out the work in its present shape. The direction, advice, discussion and constant encouragement given by him has been so helpful that it enabled me to complete the work successfully. Finally, I express my love and respect towards my respective family members and friends who are my strength in every work I do. 1. INTRODUCTION 1.1 Background All organizations whether large or small have a form of record(s) for their finances. Financial institutions are organizations that offer money lending services to people and business organizations have written records of their clients. A loan management system is a database management system used to automate the loan services of financial institutions. It serves the purpose of easy file retrieval and entry. The automation of loan services not only provides secure services of the loan details to the customer and the  organization but also serves the organization huge sums of money that would have been spent on stationary in a case where a file system is used. In short the system will enable money lending organizations to provide good customer relations by being able to preserve the integrity of the loan details, to enable easy file access and retrieval and increase security on customer details. This project is concerned with the design, development and implementation of a database that will enable money lending organizations to record the lending of money, proposed period of servicing the loan, reasons for borrowing, customer details and generating reports about loans.