Loan Management System for NBFC

A backend solution for managing loan processing for an NBFC, including borrower management, loan disbursal, repayment tracking, and compliance checks.

Java, Spring Boot, Spring Security, MySQL, Kafka, Redis, REST APIs, Quartz Scheduler.

Loan Application Module: Borrowers can apply for various types of loans, with applications reviewed by admins.

Borrower Management: CRUD operations for borrower information, including KYC verification using third-party services.

Loan Disbursal & Repayment: Automated processes for loan disbursal, repayment schedules, and tracking using the Quartz Scheduler for job management.

Repayment Tracking: Calculate EMI, generate schedules, and send reminders for repayments.

Integration with Kafka: Used for event-driven actions such as notifying users on loan disbursal, upcoming EMIs, etc.

Wallet Management: Implemented a wallet system to manage funds for customers, including a cap of 50,000 for wallet balances.

Change Data Capture (CDC): Integrated Debezium with Kafka and MySQL for real-time monitoring of changes in borrower and loan details.

Scalability: Ensured scalability for loan and borrower data using caching (Redis) for frequently accessed information.

Transaction Management: Utilized Spring's transaction management to handle critical financial operations securely.

Compliance: Implemented compliance checks during KYC using third-party APIs to meet NBFC regulations.

Implemented multi-factor authentication (OTP-based) for borrower access.

JWT-based authorization for secure API calls.