Dream Home Loan Management System Test phase, srs, design phase and source code final deliverable
Project Domain / Category:
Web Application
Abstract / Introduction:
An Organization named as “Dream Home” offers loan to Pakistani Nationals primarily based on their earnings or
Business Income to construct domestic like Islamic Based Banking. There is a want of an internet based Loan Management System for “Dream Home” to address the loan amount and installments for the clients and worried officials for calculations. Client will fill on line shape and publish to at the said machine to take mortgage in any category. The worried officials will compare the form and verify the clients for further processing. After approval of mortgage, the said machine should be capable of make installment plan for the customer. Similarly, the proposed gadget will deal with the submitted installments and closing amount etc.
Functional Requirements:
1. The proposed system will hold the primary data of various classes i.E.:
Eligibility Criteria i. All men/women protecting CNIC
ii. First time domestic proprietor
iii. Only for construction and first buy of newly built cheap housing devices.
Size of
Housing
Unit Loan is segregated into 3 stages, as underneath:
i. Tier 1 (T1) – Housing Units/residences of up to a few Marla with protected place of up to 650 rectangular ft. Ii. Tier 2 (T2) – Housing Units/flats of as much as 5 Marla with protected vicinity of up to 850 square feet.
Iii. Tier 3 (T3) – Housing Units/apartments of up to ten Marla) or residences with blanketed vicinity from more than 850 rectangular toes to 1,100 rectangular toes.
Maximum
Price of
Housing
Units Maximum Price (Market Value) of a unmarried housing unit at the time of approval of financing/mortgage, as below:
Tier 1 (T1) – Rs 3.Five million
Tier 2 (T2) – Rs four.Zero million
Tier three (T3) – Rs. 6.0 million
Maximum
Loan length Maximum length of the mortgage of a single housing unit, as under:
Tier 1 (T1) – Rs 2.7 million
Tier 2 (T2) – Rs three.0 million
Tier 3 (T3) – Rs. 5.0 million
Loan Tenor 10/15/20 years, relying upon choice of customers.
2. According to above desk the device will offer calculator for the clients to get facts about installments in any category after offering a few down price as according to following desk:
Loan Tiers Customer Pricing
Tier 1 3% for first 5 years &
5% for subsequent years
Tier 2 five% for first 5 years &
7% for next years
Tier three 7% for first 5 years &
nine% for next years
3. The proposed gadget may have login interface for registered clients, officials and one business enterprise Administrator.
4. Clients after registration, could be able to fill online shape of records i. E Name, Father Name, Salary/Business Income, mortgage category and many others.
5. Concerned officer/Admin will evaluate the patron shape as in line with policies and Reject/Accept it therefore.
6. The said net primarily based machine must provide distinct information in record form i.E. Client’s remaining installments, Submitted installments. Missing installment, Penalty if any and so forth.
Tools:
PHP/Python, HTML, CSS, JavaScript (other supporting language)