Documente Academic
Documente Profesional
Documente Cultură
A Capstone Project
In Partial Fulfilment of
Submitted By:
Dypongco, Cheryl
Lazaga, Jerome
July 2019
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I. Introduction
New innovators come and the digital benchmark gets updated. The number
of users of smartphones has crossed the boundaries and increasing the usage.
Taking it in a positive way, we can see that everything is at our fingertips with this
era. Everything has become effortless via the introduction of smartphones and
mobile applications.
Digital technology applied to banking and financial transactions or e-finance
in general has made financial services more widely available and affordable to
consumers. And with appropriate and affordable technologies and applications,
the financially excluded and the unserved can participate in mainstream banking
and finance that will open many opportunities for consumption smoothing and
investment and earning possibilities. According to (“Account Opening & Process
Loan: Land Bank The Definitive Guide,” 2019) retrieved from
http://ofwmoney.org/land-bank/, the approval of bank loan takes 3-5 working days
to process. It also depends on what type of loan you are going to avail and the
bank will check your eligibility to avail their loan. There are many types of loans,
loan percentage rate and loan duration. Loan applicants have a lot of questions
and inquiries regarding the loan they have or they applied for. Sandeep Agrawal
(2018), Eons ago applying for a loan was considered to be a complex process, but
the scenario is different now. Technology has touched and transformed various
aspects of our lives and same can be said for the process of lending a loan. Jeline
Malasig (2019), one of the greatest advantages of a money-lending app is its
convenience. People can perform their transactions without the hassle of traveling
to the bank. With the brilliant combination of technology and mobile phones all the
worries related to loan lending procedure are now over. Now loan lending firms
have joined the race of mobilizing the sector, thus best serving the demands of
today’s smartphone-obsessed audience.
This is how the researchers would like to address this problem, since mobile
application development is growing rapidly and by using that, our system would
deliver the proper steps, requirements and all necessary information on what type
of loans. The Mobile Loan Application with Chat box is a mobile app suit to provide
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the needs of people who wants to apply for any type of loans any time and any
place. By making the loan transaction into a mobile application, it may be less time
consuming for the loan applicant and may open-up other duties for the lenders to
have a more productive day.
Scope
The following are the scope of the proposed study:
The system will provide fingerprint biometric system to discern the
person if he is the owner of the residence.
The system will provide a real-time surveillance and monitoring and
infrared sensor with alarm for the residence.
The system can only generate a police report via SMS that will notify
the police in case of a break-in.
The system will require the user a fingerprint of each resident living
in the house.
Limitation
The following are the limitation of the proposed study:
The proposed study is limited only for the boundary of Butuan City.
The system only provide a SMS notification for crime report.
The system cannot cater other report except for unauthorized break-
ins.
The user cannot access the reporting feature unless his/her account
had been registered into the system.
References
Agrawal, S. (September 13, 2018). Loan Lending Mobile App Assisting in Financial
needs.
Malasig, J. (March 29, 2019). Loan on your phone: The experience of using
money-lending apps.
Llanto, G., Rosellon, M.A., Ortiz, Ma.K.(December 2018). E-finance in the
Philippines: Status and prospects for digital financial inclusion.
http://ofwmoney.org/land-bank/ (2019) Account Opening & Process Loan: Land
Bank the Definitive Guide.