Essay About Loan Management Software And Automatic Generation Of Loan Sanction Order

Loan Management Software for Autonomous Bodies
Loan Management Software for Autonomous Bodies:
Loan Varieties
· House Building Loan
· Personal Loan
· Long Term Loan
· Intermediate Loan
· Short Term Loan
· Special Loan
· Festival Loan/Seasonal Advance
· Emergency Loan
· Educational Loan
· Medical Loan
· General Loan
· Etc.
Scope of the software
· Maintaining Employee s’ Loans & Interests in EMI method and Diminishing method
· Capturing Operator/User names for security
· Capturing Interest Rates for various Loans with effective date
· Capturing Eligibility Criteria like Maximum Limit s, Maximum Installment No., etc. for various Loans with effective
· Capturing Loan position of employees at the beginning of computerization
· Capturing of information of Employees’ Insurance Policies, Service Bond Amount, Service Years, Pay, etc.
· Process ing Loan Application with Guarantor Information and eligibility criteria
· Automatic generation of Loan Sanction Order following Eligibility Criteria
· Processing Loan Payment Voucher
· Automatic Monthly Interest Calculation for the Loans
· Automatic Demand Generation for Principal/Interest Recovery for Payroll
· Capturing Monthly Principal & Interest Recovery Receipts
· Processing of Bulk Refund of Loans with Revised Interest Calculation
· Generation of Loan Payment Slip
· Generation of Loan Issued Register
· Generation of Loan Ledger
· Generation of Employee wise List of Loan Statements/Schedules for a period
Salient Features of the software
· Fully customizable as per the user’s requirement
· Unlimited data/record storage capability with Centralized Database maintenance
· Supports unlimited users/client-computers