Project - Create A Credit Union Application

I have been given a project to do were i have to create a credit union application in Visual studio2008 am just wondering if you could tell me what i need to create this application like how many labels textboxs etc obviously i need to create it but all am asking is if you could tell me were to start as i am lost and never really created anything in vs 2008. here is the spec

The applicant's age is considered, thus

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The client is prompted for their name and a personal reference number. If the application is successful then this number becomes the loan agreement reference number.

If the applicant has a credit rating of 14 or more points the application is rejected.

If the credit rating is less than 14 points then the client is prompted for the loan period (must be equal to 12, 24 or 36 months) and the amount required.

The cost of the loan is 6% if required over 12 months and 8% if over 24 months and 12% over 36 months. This is added to the loan.

The applicant's net monthly income and total monthly outgoings are taken into account.

If the monthly repayment is more than 25% of disposable income (net income outgoings), then the application is rejected.

If the repayment is less than or equal to 25% then the loan is granted and a form is produced and printed with the relevant information, including the loan and repayment amounts.