EMI Tracking System

Abstract

EMI Tracking System is a mobile application which will be useful for the people who are buying and selling products in installment. The Equated Monthly Installments (EMI) based term financing has been found to be convenient by both the lending and borrowing communities, especially in the case of small ticket equipment financing. However, there remains considerable scope for clarity and understanding of the EMI mode of term financing. This system aims at digitalization of EMI payment. This is system provides a platform to connect both lenders and borrowers. They can register themselves in this platform and the lenders can note down all the payment details of their borrowers, They can also list the available products in their own login page. The lender can add as many borrowers they want and store their details. Borrowers can also register in this platform and they can verify their payments with their respective lender and they can set remainder for their future payments and they can also order products through in platform.