Intelligent Loan Assistant using Machine Learning and Data Science

Ashwini Shinde¹, Mitali Yadav², Pranoti Deshmukh³,  Mrs. Asmeeta Mali⁴

^1-3Student, Department of Computer Engineering, Dr. D. Y. Patil Institute of Technology, Pimpri, Pune

ABSTRACT

In this technology era there are so many enhancements in the banking sector as well. Nowadays people are preferring taking loans to buy a home, a new car, pursuing education (Degree). So the number of loan applications are increasing day by day. Loan approval is very difficult as the bank wants to invest their asset in safe hands and needs to analyse various aspects of approving the loan. As this process is difficult it needs to be automated. To automate this process we have used machine learning technique which will predict if the person is eligible to take a loan or not. We have considered various parameters for prediction. With this implementation, the user can quickly check his/her loan status.

Keywords:  Machine Learning, Prediction, Loan Prediction, Loan Dataset, Logistic Regression, Random Forest, SVM, Decision Tree