Project: Loan Management System using PHP/MySQL with Source Code - Updated
The Loan Management System is a simple project that managing loan data for a certain company or lending company. The project will organize all list of data being used in a loan transaction. The admin will populate the list of borrowers, type of loans, and the loan plan, this data will be used for determining and filtering the request and active loans. This loan management system has the ability to calculate the monthly payment amount depending on loan plans. In this, feature the admin will only choose the desired plan and desired amount of the borrower. After that, the admin can simply click the calculate button to view the monthly payment amount, total amount payable (this includes the interest), and monthly penalty amount for over dues. A new loan will be saved by default as an application or for approval loan status, then the management will review the details of the borrower's loan application and will update the application status to approved or denied. For an approved loan application, the staff and the borrower will wait for the scheduled release date of the loan (this is not one of the features of this project), and when the scheduled date comes the staff will update the loan status to release status, At this point, the monthly due schedules of the loan will be generated in the system starting the month after the releasing date of the lent money of the borrower. The loan management system will also detect if the borrower will pay after the scheduled date due on his/her loan and the total payable amount including the penalty amount will be shown on the new payment modal/form for the reference of the staff to the borrowers' amount payable for the certain month.
This Loan Management System is for educational use only and needs customization to automate and provide a certain lending business company the data and reports they wanted. But, if you are starting to develop a full system project source for the lending company, this simple project is can help you to ease the starting point of your development the source code itself is easy to understand and to modify. Feel free to download and modify the source code in a way you wanted.
I hope this simple project with source code will help you with what you are looking for.
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