This project is a Scala-based Loan Management System designed for banks or government institutions. It handles loan applications, tracks repayments, calculates interest, and generates various reports.

Use a Scala compiler (e.g., scalac) to compile the Scala programs.

scalac src/*.scala

Execute the main program to start the Loan Management System.

scala LoanManagementSystem

• User Authentication: Secure access to the system.
• Loan Application Management: Add, update, and delete loan applications.
• Repayment Tracking: Record and track loan repayments.
• Interest Calculation: Calculate and update interest on outstanding loans.
• Reporting: Generate detailed reports on loans, repayments, and overdue loans.

• users.txt: Text file for user credentials.
• loans.txt: Text file for loan records.
• repayments.txt: Text file for repayment records.
• logfile.txt: Text file for logging system usage and errors.

This structure and code should give you a solid foundation for implementing the Loan Management System in Scala. If you have any specific requirements or further enhancements, feel free to ask!