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Backend - Assignment - Internship

The document outlines requirements for a loan management backend system. The system will track loans over time by calculating EMIs on a monthly basis. It will track the principal amount, loan creation date, number of EMIs, EMI amounts including principal, interest and total, EMI dates, and remaining principal. Sample input/output is provided for a Rs. 1000 loan over 12 months.

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Rahul Nainawat
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39 views

Backend - Assignment - Internship

The document outlines requirements for a loan management backend system. The system will track loans over time by calculating EMIs on a monthly basis. It will track the principal amount, loan creation date, number of EMIs, EMI amounts including principal, interest and total, EMI dates, and remaining principal. Sample input/output is provided for a Rs. 1000 loan over 12 months.

Uploaded by

Rahul Nainawat
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Assignement – Backend Dev

The module to be developed is a loan management system for any type loan.

The loan is to be considered as a high-level module. The objective of the program is to


provide the details of the loan once the loan is disbursed. It has to provide all the details
with the following components.

1. Principal amount
2. Loan creation date
3. No of EMI’s (should be an array)
4. Each EMI should have the following
a. Principal EMI amount
b. Interest EMI amount
c. Total EMI amount
d. EMI date (can consider a period 30 days for every EMI since the creation
date)
e. Principal amount remaining from the main loan account.
5. Total Payable amount

The input should be a command line executable, no graphical UI needed. The input can be
provided as command line parameters or a JSON file based on your convenience.

The inputs which needs to be passed is the loan amount and loan tenure(No of EMI’s). The
program should perform all computations and give an output of all the components
provided above.

Note : The interest for the loan can be a static value of 12% for one year. A difference of
+/- 10 Rs is exempted from calculation.

Modular code and well thought out class/object model is expected as well as
Junit tests for main classes
Sample Input/output:

Input : 1,000 , 12 months

Output :
1. Loan creation date : 10th April 2020
2. Principal Amount : 1,000
3. No Of EMI’s : 12
4. Total payable amount : 1,000 (Principal)
+ 120 (Interest for 12 months) = 1,120
5. EMI Details :
a. EMI No : 1, Principal EMI : 83.33, Interest EMI = 10, Total EMI =
93.33, EMI Date : 10th May 2020, Principal remaining : 1026.67

b. EMI No : 2, Principal EMI : 83.33, Interest EMI = 10, Total EMI =


93.33, EMI Date : 10th June 2020, Principal remaining : 933.34

c. EMI No : 3, Principal EMI : 83.33, Interest EMI = 10, Total EMI =


93.33, EMI Date : 10th July 2020, Principal remaining : 840.01

d. EMI No : 4, Principal EMI : 83.33, Interest EMI = 10, Total EMI =


93.33, EMI Date : 10th Aug 2020, Principal remaining : 746.68

e. EMI No : 5, Principal EMI : 83.33, Interest EMI = 10, Total EMI =


93.33, EMI Date : 10th Sept 2020, Principal remaining : 653.35

f. EMI No : 6, Principal EMI : 83.33, Interest EMI = 10, Total EMI =


93.33, EMI Date : 10th Oct 2020, Principal remaining : 560.02

g. EMI No : 7, Principal EMI : 83.33, Interest EMI = 10, Total EMI =


93.33, EMI Date : 10th Nov 2020, Principal remaining : 466.69

h. EMI No : 8, Principal EMI : 83.33, Interest EMI = 10, Total EMI =


93.33, EMI Date : 10th Dec 2020, Principal remaining : 373.36

i. EMI No : 9, Principal EMI : 83.33, Interest EMI = 10, Total EMI =


93.33, EMI Date : 10th Jan 2021, Principal remaining : 280.03

j. EMI No : 10, Principal EMI : 83.33, Interest EMI = 10, Total EMI =
93.33, EMI Date : 10th Feb 2021, Principal remaining : 186.70

k. EMI No : 11, Principal EMI : 83.33, Interest EMI = 10, Total EMI =
93.33, EMI Date : 10th March 2021, Principal remaining : 93.37

l. EMI No : 12, Principal EMI : 83.33, Interest EMI = 10, Total EMI =
93.33, EMI Date : 10th April 2021, Principal remaining : ~0

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