CHAPTER ONE
INTRODUCTION
Loan service for small organizations individuals was initiated after a number of considerations on the banking system. Major Banks are mainly guided by financial profit for their shareholders. They are after minimization of financial risks. Such strategies don’t leave much room to people on low income or even small organizations that strive for their survival. This research studied the computerized Loan and advance system-as was done in UBA Enugu. Loans are readily given to people who have an account (mostly current Account) in the UBA. Apart from being a customer to the necessary for giving him loan. Such conditions may include: provision of collateral security, having at lest one guarantor and filling the bank loan management form.
The collateral security must be a landed property before the bank will accept it. Also, the guarantor must have an account in that bank and must be a reportable person in the society. The role of computer in Loan and advance can never be overemphasized. The computerized bank loan management form enables bankers to work without stress. Information can be updated as soon as a positive change occurs. I therefore recommend this project to all who may like to have a look at what the topic is all about. The research work will enable them know the importance of computer in Loan and advance which yield fruitful results as that of other fields of human endeavour
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