Class Loan$-$define the object of HashMap$>$ with variable name app listThe String defines the name of the person and the Arraylist will have list of applicationsImplement the below methods for this class:$-$String registerApplication$($String name. Application ap$)$:Write a code to add a new application in the list with the name as key after the following validations:If there is no key with the given name then add a new key and add the application into this list and return "New user".If the name is already present check if the number of applications is not greater than $5.$If it is greater than $5$ return "Application list full".If the list doesn't have $5$ applications, then add the new application to the list and return "New application registered"$-$String cancelApplication$($String name. Application ap$)$:Write a code to check if the given person exists or not.If the person is not present then return $"$No user found".If the user exists then check if the application is present or not.If the application is not present then return $"$No application found".If the application is present and it is the only application present then remove the name of the person also and return Cancelled successfully".