Project Scope Housing Loan Management System

The proposed system focuses on online housing loan management. There are two types of users - member (1) and bank administrator (2). They can login into the system with different authorization level. Visitors can register as a member to perform house loan application.

The system not only allows member to apply house loan but also can view the progress of the house loan. Visitor can view and compare all banks interest rate to find the best home loan. By giving the flexibility to the user, the system include house loan calculator by enter price of property, down payment and loan period base on the each bank interest rate. Once the members have been approved by the bank admin, a monthly instalment notification will send to member email address.

One of the target users of the system is bank administrators who are responsible to manage the system. For example, approve or reject loan application made by the applicant. Other than that, the application form can generate by the system for bank administrator to preview. Furthermore, the bank administrator has the authority to update rate of interest. To increase the system usability the bank administrator can verify from Malaysian Department of Insolvency (MdI) whether applicant blacklist status (Admin, 2013). As a whole, the proposed housing loan management system helps in easing the process of managing house loan