This Loan Approval System developed using JAVA. Loan Approval System is developed to record the details of various activities of the loan customer. This system is used to overcome the entire problem which they are facing currently, and making complete automization of manual system to computerized system. Customer Application module, Transactions, Search and View Report are the main modules of this project.

Loans have made our life easier, providing us the financial leverage that extends beyond our earnings. Whenever you apply for a loan, banks check and evaluate your documents and credit worthiness. The higher your score the better are the chances of your loan application getting approved.

This scheme provides loan facility against mortgage of property at low rate of interest. The scheme is for people engaged in trade, commerce & business and also professionals & self employed, Prop. Firm, partnership firm, companies, NRIs and individuals with high net worth including salaried people, agriculturists and staff members. The product provides an opportunity to customers to borrow against a fixed asset (mortgage of property) at a short notice without much paper work/attendant hassles.

Loan Approval System is provided in the application with various controls provided by system Rich User Interface. The system will make the interaction between the Admin, Employee, Customers etc. very quickly which saves lots of time. The system is the centralized location for the entire customers at where they can find the required Loan details of that bank. Online Loan Management System makes the overall project management much easier and flexible. Customers can see the bank information like loans provided by that bank and their interest details.

Software Requirments:

• Operating System             :Windows
• Technologies                    : Java/J2ee(JDBC, Servlets, JSP)
• Web Technologies             :Html, JavaScript
• Web Server                       :Tomcat
• Database                          :Oracle
• Softwares                          :J2sdk6.0, Tomcat 5.0, Oracle 9i

Hardware Requirements:

• Hardware :Pentium based systems with a Minimum of p4
• RAM  : 256MB (min)

Loan Managemnt System Student Project Explained