Loan Prediction Using Machine Learning
Mr. Sangule Umesh, Mr. Dhotre Shreeyash, Mr. Raundal Yash, Mr. Gaikwad Vikas, Prof. Sharad M Rokade
Abstract
In our banking system, banks have many products to sell but main source of income of any banks is on its credit line. So they can earn from interest of those loans which they credits. A bank's profit or a loss depends to a large extent on loans, whether the customers are paying back the loan or defaulting. By predicting the loan defaulters, the bank can reduce its Non- Performing Assets. This makes the study of this phenomenon very important. Previous research in this era has shown that there are so many methods to study the problem of controlling loan default. But as the right predictions are very important for the maximization of profits, it is essential to study the nature of the different methods and their comparison.