Web-Based Motorcycle Loan Management System with credit risk and approval analysis using Data Mining Techniques

Abstract

Using information systems can dramatically improve a business's productivity and efficiency. Moreover, the ability of information systems to provide users with the information they need to complete jobs effectively can be the most significant advantage. This project development plan proposes a Web-Based Motorcycle Loan Management System with credit risk and approval analysis using Data Mining Techniques for a private motorcycle dealer who encounters challenges, particularly in the decision-making of motorcycle loans. It will facilitate the automation of business processes, including online motorcycle loan applications and payments, access to real-time data and reporting, and credit risk and approval analysis to assist the credit department in decision- making by applying data mining techniques. The project will employ the Scrum framework for software development and testing method. A total of 150.625 man-days with a total cost of P1,350,231.78 were computed to complete the proposed information system. A one-year financial viability analysis was defined to determine the proposed project's total cost and benefits. Based on the results, time spent on activities is reduced to 89.19%, indicating that the business can handle more applications every day compared to the average twenty daily applications since processing time is significantly decreased. It is recommended for future improvement of this plan to implement Augmented Reality for a better user online experience in previewing motorcycle units.