Loan System

Description

In finance, a loan is the lending of money by one or more individuals, organizations, or other entities to other individuals, organizations, etc. The recipient (i.e., the borrower) incurs a debt and is usually liable to pay interest on that debt until it is repaid as well as to repay the principal amount borrowed. The document evidencing the debt (e.g., a promissory note) will normally specify, among other things, the principal amount of money borrowed, the interest rate the lender is charging, and the date of repayment. A loan entails the reallocation of the subject asset(s) for a period of time, between the lender and the borrower.

• Management System- Management system is a set of policies, processes, and procedures used by an organization to ensure that it can fulfill the tasks required to achieve its objectives.
• Data Tracking System- Data Tracking System is used for the observing of persons or objects on the move and supplying a timely ordered sequence of location data for further processing.
• Reporting System- The project managers need to treat the information as harvestable data which can be summarized and interpreted using reporting systems.
• System Analysis- A problem-solving technique that breaks down a system into its component pieces for the purpose of studying how well those component parts work and interact to accomplish their purpose.