Availing the loan has become most
of the common thing in today’s life. Each and everybody if they plan for any
new thing like education, buying a vehicle, buying a property etc. They think
of taking loan as a first thing on financial basis. How much amount they would
be able to get as loan for investment. Even many financial companies have grown
up along with the banks to avail the customers to take loan.
The
amount of interest rate has also been lowered down which increases the number
of people to take loan. Now in today’s manual system, applying for loan has
become a quite tedious job for both the customer as well as the financial
organization’s personnel to process the loan application. Moreover it is time
consuming.
So
in today’s fast growing world where the barriers of time have broken down we
think of better solution. So instead of manual system, if the system is changed
to online then much of the time would be saved as well as the complexity would
be lowered down.
With
the help of some system requirements the customer can apply loan sitting at one
terminal from anywhere and also avail the services which will be provided 24 X
7. Moreover manager can verify the loan details every sitting at home. Thus
customer’s time is saved and it retained from heavy rush at the bank as well as
the complexity of applying the loan.
This Loan
Approval System (LAS)is intended to help the customers to apply the loan online
from anywhere at 24 X 7 services. Moreover, it also helps administration to accept
or reject the Loan requests and also view the details of all the application at
anytime from anywhere. This provides various loans, interest rate etc. To the
customers. It aims to minimize the manual and tedious work currently being done
by the customers as well as the administrative staff and thus provide an easy
and user friendly environment to the user.
In the current
Internet age, every application is being ported to web and allows the users to
connect with the system and work online. It has allowed people to remove the
barriers of time and distance. Banking being the main financial backbone of any
economy cannot stay behind. This application is designed to implement the
solutions for applying and getting of the loans to the customers sitting at
their PC, making available to them 24 hours a day services.
