Loan Management System Essay Example for Free

Loan Management System EssayThe Traditional way of maintaining details of a user in a stick was to enter the details and record them. Every time the user need to perform some feats he has to go to bank and perform the necessary actions, which may not be so feasible all the time. It may be a hard-hitting task for the users and the bankers too. The project gives hearty life understanding of Online Banking System and activities performed by various roles in the supply chain. Here, we provide an automation for banking system through Internet. Online Banking System project captures activities performed by diverse roles inreal life banking which provides enhanced techniques for maintaining the required information upto-date, which results in efficiency. The project gives real life understanding of Online Banking System and activities performed by various roles in the supply chain.Scope of the ProjectThis Project investigates the entry threshold for providing a new transaction serv ice channel via the real options approach, where the entry threshold is found by using an Internet banking system designed for the use of normal users(individuals), Industrialists, Entrepreneurs, Educational Institutions(Financial sections), Organizations and Academicians under transaction rate uncertainty.Customer must have a legal User Id and password to login to the system If a wrong password is given thrice in succession, that account pull up stakes be locked and the customer will not be able to use it. When an invalid password is entered a warning is given to the user that his account is going to get locked. After the valid user logs in he is shown the list of accounts he has with the bank. On selecting the desired account he is taken to a page which shows the present balance in that particular account number. User can request for the details of the last n number of transactions that he has performed. A report can too be taken of this.User can make a funds transfer to anoth er account in the same bank. User is provided with a transaction password which is different from the login password. User can transfer funds from his account to any other account with this bank. If the transaction is successful a notification should pop to the customer, in case it is unsuccessful, a proper message should be given to the customer as to why it failed. User can request for cheque throw/change of address/stop payment of cheques User can view his monthly as well as annual statements. He can also take print out of the same. Generate reports at every sectionAdministrator can take a back up of the database for every instance that is happening, periodically. All users are authenticated to avail the services FAQ section is also included for end users benefit.