Adaptive Speed Control of Electric Vehicles using Embedded System in Response to Bank Due Status

When borrowers fail to repay the loan, it is quite detrimental for the lending institutions in terms of huge losses, disturbed cash flow, and additional administrative work. This investigation introduces an innovative solution that combines vehicle security with financial accountability by employing new embedded technologies. The proposed solution will explain how this can be done by automatically reducing the speed of electric vehicles whenever payments for loans are due. The system is in continuous monitoring of loan repayment status and since it can dynamically adjust the speed, it does so proportionally to the age of the overdue payments. In particular, the technology needs to limit the speed of the vehicle to a certain amount as specified by the banks in a situation where the borrower defaults on their loan within a set amount of time. This ensures the vehicle runs within the law and does not go faster than the bank has indicated. It will optimize the recovery processes and provide an integrated solution that solves the operational and financial problems with financial management incorporated with the embedded technology to eliminate loan defaults. This study aims to show the role that this system plays in modernizing financial enforcement in the automobile industry by discussing its design, function, and possible advantages in due repayment.