This Finance facility is provided to those customers who want to purchase a new bike on loan. At the time of giving a loan to the Customer, a new record is added to the Software in the form of a Unique Customer id. This unique id will help to get access to all the required information regarding the position of the loan provided to the Customer.
This software will do all the necessary tasks like automatic updates of the Outstanding loan amount on the payment of each installment, Number of installments paid, Number of installments unpaid, Total amount paid in the form of Downpayment, etc. Besides, this software also stores Customer identification information like Name, Address, Route, Phone No., References, Photo, etc. of the Customer. It also tells the status of NOC status after payment of all Loan’s EMIs by the Customer.