MUMBAI, India, April 17 -- Intellectual Property India has published a patent application (202641042563 A) filed by Hindustan Institute Of Technology And Science, Chennai, Tamil Nadu, on April 2, for 'professional loan management system using react and spring boot.'
Inventor(s) include Veeranjini; Vijay Kumar; Vijay; Uady Kiran; and T. Sudalaimuthu.
The application for the patent was published on April 17, under issue no. 16/2026.
According to the abstract released by the Intellectual Property India: "This project is about building a professional loan management system using new libraries of JavaScript and Java frameworks like springBoot to enhance user experience, user friendly interaction, end to end communication with frontend and backend, and also it makes the whole loan process, from applying and checking to approving and paying back, much smoother. It even handles credit scoring. The system uses things like PAN-based credit scores, automatic document checks, and helps manage how loans are given out and paid back. You can also generate EMI and try out digital payments. The system has an easy-to-use frontend, a secure backend made with Spring Boot, and a PostgreSQL database. This system gets rid of paper, speeds things up, makes credit decisions better, and keeps applicants in the loop. It's made just for people with a salary who want a safe, easy personal or professional loan."
Disclaimer: Curated by HT Syndication.
