ABSTRACT
Nowadays, people are always looking for a loan to buy an expensive thing or for their personal loan. However, it may be difficult to choose the best loan among the existing bank. Each bank has its own requirements for us to agree before make a loan. In addition, each bank offers loan with various type of payback criteria. This project proposes a Loan Selection System to solve the problems. This system will help people to choose the best loan among all bank based on the provided payback criteria.
Furthermore, people can also select the best loan based on the bank interest and how long they need to pay. The system uses the “Analytical Hierarchy Process (AHP)” technique. This technique is based on mathematics and psychology, which is structured to manage and analyse complex decision. In addition, algorithm is also to compile the data based on their priority. The proposed system provide a systematic approach to compare which bank provide the best payback loan based on the interest and repayment time. Great expectation rest upon the system in order to help people to make informed and effective decision.
Furthermore, people can also select the best loan based on the bank interest and how long they need to pay. The system uses the “Analytical Hierarchy Process (AHP)” technique. This technique is based on mathematics and psychology, which is structured to manage and analyse complex decision. In addition, algorithm is also to compile the data based on their priority. The proposed system provide a systematic approach to compare which bank provide the best payback loan based on the interest and repayment time. Great expectation rest upon the system in order to help people to make informed and effective decision.
PROJECT BACKGROUND
A loan is about lending of money from one individual, organization or entity to another individual, organization or entity. In other words, a loan is a debt provided by an organization or individual to another entity at an interest rate, and evidenced by a promissory note which specifies, among other things, the principal amount of money borrowed, the interest rate the lender is charging, and date of repayment. Normally people who are most in need of a loan are people who want to start a business. Some of them already know how to find the best personal loan for themselves because they may have been applying for a loan before. However, it may take a lot of time to browse for the best loan for them and also wasting their time by asking from bank to another bank for searching the best bank loan for them.
To overcome this problem, a Loan Selection System is developed in order to help people to find the best personal loan for themselves without wasting their time. The main function of the system is to select the best loan offer based on the interest rate set by the bank and the repayment period that will be choose by the user by using Analytical Hierarchy Process (AHP) it will then display the recommended bank, loan available amount and all the additional reference.
To overcome this problem, a Loan Selection System is developed in order to help people to find the best personal loan for themselves without wasting their time. The main function of the system is to select the best loan offer based on the interest rate set by the bank and the repayment period that will be choose by the user by using Analytical Hierarchy Process (AHP) it will then display the recommended bank, loan available amount and all the additional reference.
PROBLEM STATEMENT
Problem that occur in current Loan Selection System are there is no centralized system that collect all bank’s loan package in a system. The existing system only list all the available bank loan for the user. Some user also may have problem in select the best bank loan package.
OBJECTIVE
- To analyse a loan selection system based on the user preferences.
- To design a centralized system that help bank to promote the loan packages to the users.
- To develop system with AHP technique to help user to select the best bank loan package.
CONCLUSION
Bank Loan Selection System is a centralized system that help bank to promote the loan packages to the users also enable user to choose their bank loan based on the criteria Interest rate , tenure and maximum loan amount by their own. Those criteria are taken into consideration before listing the recommended bank loan for the users.
ABOUT DEVELOPER
NAME : Muhammad Afiq Bin Abdul Jamil
UNIVERSITY : University of Sultan Zainal Abidin
COURSE : Bachelor of Computer Science Internet Computing (Hons).
SUPERVISOR : Dr. Suhailan Bin Dato' Safei
EMAIL : [email protected]
UNIVERSITY : University of Sultan Zainal Abidin
COURSE : Bachelor of Computer Science Internet Computing (Hons).
SUPERVISOR : Dr. Suhailan Bin Dato' Safei
EMAIL : [email protected]