We require an online system that will calculate loan fees based on a loan amount, interest rate, a term in months, a compound type. It will also comprise a database where applicants can be recorded. If the applicant takes up the loan it will need to be able to record monthly payments, show a balance, report which loan acct is in default and which ones are not. It will need to have three levels of security,
Complete Automation that is:
Ability to log in with unique I'D of each member
Ability members to check account balance
Ability to request for loan by those who are qualify and approval of load by the admin.
Monitoring of loan of each member, amount each would qualify to borrow, how to pay back, due date for payment etc
1.Payment & Due Collection
3. A user-friendly administrative and frontend interface.
4. Crete/Edit/Delete Member in various types of account
5. Member plan and accounts status.
6. Photo capture supported
7. Edit/Delete/View Member details
8. Unpaid/advance/new Payments status
9. Manage Security Status
10. Add/Edit/Delete loan accounts.
11. Send message/ notification to Members
12. Provide statements of printing in loan accounts.