A loan management system project in PHP & MySQL is a software solution designed to help financial institutions, such as banks or credit unions, manage and process loans efficiently. It typically includes features for loan origination, approval, disbursement, repayment, and monitoring. Here are some key features and functionalities of a loan management system: Loan Application Processing: Allows borrowers to apply for loans online or through a branch, and enables loan officers to process and review applications. Credit Scoring and Risk Assessment: Uses algorithms to assess the creditworthiness of borrowers based on their financial history and other factors. Loan Approval Workflow: Streamlines the approval process by automating workflows and providing notifications…