NewLoanz Internal System

This is Start-up related to providing loans to there customer.

Frontend (Angular): This would be the user interface where borrowers interact with the app. They could create accounts, fill out loan applications, upload documents, track the status of their applications, and potentially view loan details and repayment schedules.

Backend (Node.js): This handles all the server-side tasks. It would process user requests, interact with the database, perform calculations (like interest rates), and potentially integrate with third-party services for credit checks or identity verification.

Database (MySQL): This would store all the application data, such as user information, loan details, financial data, and application statuses.

Real-time communication (Socket.IO): This could be used for several features:

Live updates: The dashboard could update in real-time as loan applications are submitted or their statuses change.

Progress tracking: Borrowers could see the progress of their applications in real-time.

Notifications: The app could send real-time notifications to borrowers about application updates, approvals, or required actions.

Borrower uses the Angular user interface to submit a loan application.

The Angular app sends the application data to the Node.js backend server.

The Node.js server validates the data, performs calculations, interacts with the database (MySQL) to store the application, and potentially connects to third-party services.

Socket.IO is implemented, the server send a real-time notification to the borrower acknowledging the application or requesting additional information.

The borrower can track the application status and receive updates through the Angular interface, with real-time elements powered by Socket.IO.