LOAN AUTOMATION

ABSTRACT
The Bank provides finance for trade commerce and priority sectors to cater to the
credit need of small artisans, self-employed persons, small traders etc… Bank also
provides loan for the construction, repair and purchase of residential building and a
limited extend for other consumption purposes.

Co-operative banking is a special form of business aiming at the economic

upliftment of the members lying with greater emphasis on moral principles and
human values. Banks, no doubt, work as catalytic agents in the presence of
economic development as they built the financial infra structure, mobilize savings
and allocate resources to alternate users.

The interest rates are different for all the loans. To take a loan a customer should
have to be an account holder of that bank. The purpose of developing the project is
to automate the existing system. If the existing system in the bank is manual. All
the data processing is done manually and hence the system is very slow.

The data are stored in different types of registers. Getting a particular data is very
difficult.

V.NITHIN KUMAR
18671A0546
 Existing System
Here the existing system is a manual one using which the banking agent
can’t maintain the effectively by sharing across different branches with proper security
and can’t track details easily. It doesn’t provide proper co-ordination between different
departments of the company. It doesn’t allow the customer to check the status of his
file in proper way which leads customer dis-satisfaction.

Proposed System

The online automated system with web-based architecture can support issues like.
 This system maintains the information related different departments and stored
at a central DB, which leads easy accessibility and consistency.
 Interest rates of different banks and the other details are also available at the
click of a mouse.