Loan management has over the years been posing great problems to
banks and other smaller financial institutions that embark on loan. One of the
major bank services is loan disbursement. Loans are given to customers in order
to help them embank on one project assignment or the other. Depending on the
loans terms, the loan beneficiary pays back the loan on commission basis.
Before a bank issues out a loan it follows a bank laid down criteria on loan
So many banks have fielded up due to problems associates with loan
disbursement. This arises from the fact that the sxisting system used in loan
monitoring is a failure. The system operates without adequate loan monitoring.
There should be strictness in handling loan disbursement because; in many cases
the capital involved is people money and not individual capital.
This project work carriedout a detailed analysis into the problems
making loan management unrealizable with a view to devicing acceptable
computerized system, which will be more effective, accurate comprehensive,
reliable and very easy to use. This, to a very large sentient, will help the
generation banks to make their work procedure very enjoying and result oriented.
1.1 STATEMENT OF THE PROBLEM
Problems associated with loans are numerous, this makes the
current system a very big failure record of loan beneficiaries are not well
maintained and this makes banks to loose a lot of money.
Interest-rates on loans are not calculated due to non-consistency
in the format of calculation, data on loan repayment by installment are not
always effectively administered due to the existing system on ground.
On many occasions, loans are given to wrong people due to the fact
that their oriteria for issuing loans are not followed the way it should be
followed. There is no no-line method of entering and up-dating for effective
1.2 AIMS AND OBJECTIVES OF THE
This study is aimed at improving loan management with a view to
making banks and the customers to both benefit mutually from the transaction.
The research is carried out in order to provides accurate and
timely report for effective decision making. This research will also provide
adequate disbursement of loan between the beneficiaries are the bank and make
calculations easily carried out. The study will produce timely up-dated status
of a loan beneficiary. This research will come out with a well-defined
computerized system, which will be very comprehensive, accurate, timely and cost
1.3 IMPORTANCE OR SIGNIFICANCE
OF THE STUDY
This research study is of great importance to the entire society.
The society will benefit much from this study such that, it will help and make
their disbursement with the bank more understood and well calculated.
Because of how the system is well defined, people will benefit,
whereby there will be no manipulations o miscalculations. Scholars in related
field will benefit from the detailed contents of this reseaech work. It will
help the bank a let in spending less in the area of loan control system or
1.4 SCOPE OF THE STUDY
The study focuses on the design and implementation of a
computerized loan disbursement control system for the Union Bank of Nigeria Plc
located at Garden Avenue Enugu.
TERMS AND CONDITIONS APPLY
For more informations on project materials and more