DESIGN AND IMPLEMENTATION OF A COMPUTER BASED LOAN SCHEME MANAGEMENT SYSTEM (A CASE STUDY OF GUARANTY TRUST BANK)

ABSTRACT: Banks provide loans to customers based on specific conditions set by the loan scheme management board within their organisation.  In order to qualify for the loan they are requesting, customers must ensure that these conditions are met in a clear manner. The loan scheme management system was thoroughly examined in this research.  The concept was comprehended effectively and a thorough evaluation of the advantages and disadvantages was conducted. In this case, the loan scheme management system was automated through computerization.  Efforts were undertaken to ensure that the information was easily understandable by all individuals. The study developed a new computerised system to provide solutions.  The new system is characterised by its timeliness, automation, comprehensiveness, interactivity, and energy efficiency.