Loan Management system

Videos

Tech Stack

Web3

Solidity

Description

The Simple Loan Management System is a blockchain platform that makes the process of managing personal loans simpler, more secure, and decentralized. The platform is constructed on the EDU Chain Testnet and eliminates the need for conventional intermediaries by using smart contracts to make loan requests, approvals, repayments, and fund management automated.

The system offers two main interfaces:

•Borrowers can apply for loans, monitor approval status, and pay amounts directly in EDU tokens.

• Admins are able to fund the contract, approve loans, and pull excess funds—all securely monitored on-chain.

The interface is minimalistic and animated, with blockchain interactions silky smooth for technical and non-technical users alike. With integration of Web3.js, users can link their MetaMask wallet and interact with the smart contract with ease.

Each loan interaction is recorded immutably on the blockchain, providing transparency and assurance to the system. From financing a friend or taking out a microloan, the entire procedure is carried out through smart contracts, lowering the risks and administrative burden.

Progress During Hackathon

• Day 1: Completed idea, sketched system roles (Admin & Borrower), and outlined contract flow. • Day 2: Implemented and deployed Solidity smart contract on EDU Chain Testnet. • Day 3: Constructed frontend (HTML/CSS/JS), integrated Web3.js for wallet and contract communication. • Day 4: Implemented all functions (request, approve, repay), managed edge cases, and enhanced UI/UX. • Day 5: Final touch — added real-time loan views, styled UI, and documented the project.

Fundraising Status

💰 Fundraising Status (Hackathon) • ✅ Contract funded with testnet EDU tokens by Admin • ✅ Loans disbursed from contract balance • ✅ Withdrawal tested and functional • 🔐 All transactions are transparent and on-chain