Loan Prediction Using Machine Learning Algorithms

Sanika Narayanpethkar; S. Chandana; M. Rishitha; Preethi Jeevan

doi:10.36948/ijfmr.2023.v05i03.2970

Loan Prediction Using Machine Learning Algorithms

Author(s)	Sanika Narayanpethkar, S. Chandana, M. Rishitha, Preethi Jeevan
Country	India
Abstract	Loans are a major prerequisite in the present-day world. By this, as it were, Banks get a major portion of the entire benefit. It is advantageous for understudies to oversee their instruction and living costs, and for individuals to purchase any kind of extravagance like houses, cars, etc. But when it comes to choosing whether the applicant's profile is pertinent to be allowed a credit or not. Banks must see many aspects. Giving credit is the most commerce of banks. A noteworthy parcel of the bank's income comes straightforwardly from benefits from credits. Indeed, on the off chance that the bank favors the advance after the confirmation and certification relapses prepare, it cannot be beyond any doubt that the chosen candidate is the genuine candidate. Doing this handle physically requires unused time. Able to anticipate whether. a specific candidate is secure, and the whole confirmation handle is automatized with the machine. fashion. After the presentation of innovation to the world everything began to be automatized. With the introduction of machine learning, the world has seen a modern side of innovation. When the diversion of the forecast is played, machine learning gives a few of the most excellent. models to test the information for the exactness of the result. A few of them are broadly utilized. Machine learning calculations are Decision trees, support vector machine, logistic regression, random forest, etc.
Keywords	Decision trees, support vector machine, logistic regression, random forest, data pre-processing, training and testing data
Field	Engineering
Published In	Volume 5, Issue 3, May-June 2023
Published On	2023-05-12
Cite This	Loan Prediction Using Machine Learning Algorithms - Sanika Narayanpethkar, S. Chandana, M. Rishitha, Preethi Jeevan - IJFMR Volume 5, Issue 3, May-June 2023. DOI 10.36948/ijfmr.2023.v05i03.2970
DOI	https://doi.org/10.36948/ijfmr.2023.v05i03.2970
Short DOI	https://doi.org/gr77pt

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Loan Prediction Using Machine Learning Algorithms

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