Loan Management Project Python

In this article let’s see how develop Loan Management Project Python language. Already we have developed this system using PHP but some students are request to upload in Python. That’s why here I have write articles about in Django framework.

Generally this concept has more modules such as we need to provide more information. For example the particular customer who need loan, give request letter & submitted the proper documents. After that our admin team check all the proof & calculate the values. Then only proceed the further steps, otherwise request will be canceled.

So we need to develop each modules for every pages. On the other hand one of the bank/private organization employee cross check the client assets, reputation, existing load records and more details checked by the admin team.

The categories are lot, like Car, Bike, Home, Personal, Business etc. The interest will be automatically listed based on categories. Moreover every users are first get approval to submit the proper documents, then only able to communicate with those loan section.

Loan Management – Main Modules

There are three main modules are here explained with proper explanation. These are queries refers to analyze the customer status level. From the bank end, they are fixed one persons to get report about the particular person.

  1. Manager – Loan Provider
  2. Customer
  3. Employee – Checking Customer Status
  4. Admin – Manage overall system.

Here we need to develop 4 modules. Each modules have forms to submit the data, after that side by side process will be progress from admin end. Once loan approved by manager, customer need to open account from the bank & every month pay amount without any fine.

If missed out payment, customer credit score will be affect. Its may be impact on future loans. Once you are getting loan, after that most of organization are check your credit score & then only provide the fund.

Loan Management Project Process

Actually this is desktop based application, Graphical User Interface (GUI) developed using Python, Tkinter tool. In below I have list out the procedure, if have any doubts regarding the code contact me on comment section.

  1. Fill Customer Information
  2. Property Submission
  3. Cross Checking
  4. Forwarded to Bank Employee
  5. After complete the process, customer getting notification for approval.
  6. Then manager process for make the payment & provide interest details
  7. Finally customer receive amount & every month pay amount with interest rate.

Database Connection

#Create database or commit to one
            conn = sqlite3.connect('LoanManager.db')
#Create cursor
            c = conn.cursor()
#Query the database
            c.execute("SELECT * FROM LoanAssign WHERE LoanType = ?", (variable.get(),) )
#Commit changes
            conn.commit()
#Fetch details from table
            details = c.fetchall()
#Create an empty string to store the fetched details
            print_details = ''

#Remove Formatting and add details to empty string
            for j in details:
                print_details += "\n" + "Customer ID: " + str(j[0]) + "\n" + "Loan Amount: " + str(j[2]) + "\n" "Loan Tenure: " + str(j[5]) + "\n" + "Interest Rate(%): " + str(j[6]) + "\n"

 #Create Query Label to print the loan details
            query_label = tk.Label(self, text= print_details)
            query_label.place(relx = 0.32, rely = 0.25, relwidth = 0.4, relheight = 0.6)

 #Close connection
            conn.close()

Prerequisites

  1. Latest version of Python (Recommended to use – 3.8)
  2. Python IDE to manage the code like Atom or Sublime
  3. Install Tkinter. Already it’s preinstalled with all latest versions.

Loan Management Project Code

I hope above details are helps to workout the loan management project python. This is very simple concept & if you are looking for large scalable application ? Refer some other sites to get relevant of your needs. Therefore am not sure whether you are developer or college student. But it’s perfect solution for college final year students.

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