Online Educational Loan Management System

ABSTRACT:

Loans designed to help students pursue an education recognize that students should spend their school time studying, not working to repay a loan. For this reason, many loans created for students allow students to pay back their debts very gradually.

There are various kinds of courses which are eligible for different kinds of Bank student loans.

• Loans are available for various graduation, post-graduation, computer education and diploma courses offered by recognized universities or government statutory bodies in India.
• Education loan is also provided for technical and professional courses, regular diploma and degree courses as well as courses conducted by reputed foreign universities in India.
• In case of studies abroad, the institutes offering the courses should be approved by the competent authority of the nation.

PROJECT OUTPUT VIDEO:

EXISTING SYSTEM:

Most students and parents today realize how expensive an education is. Whether you hope to study at a private high school, a college, university, or an overseas school, tuition costs plus the costs of books and living can quickly add up. If you are worrying about the cost of school, you should not feel that money has to decide your education.

DISADVANTAGES OF EXISTING SYSTEM:

If you want to study abroad in India, it is possible to obtain education loans. While getting these loans was difficult in the past, it has now become easier than ever before. A large number of national banks in India have created education loans. The terms of these loans will vary with each institution, so it is important to do your research before using them.

PROPOSED SYSTEM:

The loan amounts that are offered to students may vary. If the student will stay in India to complete their studies, they could get up to Rs. 3 lakhs. If the student is studying abroad, they may receive a loan which could be as high as Rs. 5.00 lakhs. The interest rates for these loans will range from 12 to 14%. Rebates may sometimes be offered depending on the circumstances.

ADVANTAGES OF PROPOSED SYSTEM:

• User friendliness is provided in the application with various controls.
• The system makes the overall project management much easier and flexible.
• Readily uploads the latest updates and allows users to interact.
• There is no risk of data mismanagement at any level while the project is being developed.
• It provides a high level of security with different levels of authentication.

SYSTEM REQUIREMENTS:

HARDWARE REQUIREMENTS:

• System : Pentium Dual Core.
• Hard Disk : 120 GB.
• Monitor : 15’’ LED
• Input Devices : Keyboard, Mouse
• Ram : 1 GB.

SOFTWARE REQUIREMENTS:

• Operating system : Windows 7.
• Coding Language : NET,C#.NET
• Tool : Visual Studio 2008
• Database : SQL SERVER 2005