Simple Loan Management System in PHP with Source Code

About Simple Loan Management System PHP Project​

In particular, this Loan Management System Project in PHP focuses mainly on maintaining loan records and interest payments. To be more precise, the system helps to keep a number of allotted loan records with group information. Also, the system contains a members management section too. In addition, the system allows adding up the member’s detail with their respective groups(codeastro.com). Evidently, this project contains an admin panel only. In an overview of this web application, the user first has to add group information for further steps. Here, the user has to provide a number of details in order to add a new group. Such as group name, leader, group capital, activities, registration number, loan information, and so on. In fact, this simple loan system project in PHP clearly helps the loan allotment side as its main motive.

Group Member Management and Loan Section​

When it comes to projects such as loan management systems, the user should also be able to collect members’ information. And there is one. For the management of group members, the user simply has to provide naming details with gender. With it, the system allows users to select any from the available groups (codeastro.com). So that the member can exist within the registered group record. After all the management, the user can proceed with loan management. Here, the user has to provide a number of various details. Such as selection of group, loan source, loan amount, and total terms of payment. As a result, the system automatically calculates total interest depending upon the term (in years) including EMI. Having said that, the user then has to provide a payment schedule and payment due dates before allotting the loan application. Besides, the user can print the allotted loan list.

Interest Payment​

Moreover, the administrator can manage and view a list of interest payment history. After every loan allotment, the user also needs to set up interest payment records. Additionally, the administrator can update and remove payment history if needed(codeastro.com). In order to add up the payment record, the user has to only select a loan group. In return, the system displays all the remaining detail such as loan amount, interest, and amount to be paid. With this, the user will have a clear view of the amount that needs to be paid monthly. At last, the user has to enter the EMI amount and submit the form. The system simply keeps the track of payment histories and also displays an overview of them in the admin’s dashboard. Besides all, the administrator can also make search queries and print out the payment list.