An Approach for Prediction of Loan Approval using Machine Learning Algorithm

An Approach for Prediction of Loan Approval using Machine Learning Algorithm

₹5,500.00
Product Code: Python - Machine Learning
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Product Description

Aim:

          To determine the loan approval system using machine learning algorithms.

Abstract:

            Loan approval is a very important process for banking organizations. The systems approved or reject the loan applications. Recovery of loans is a major contributing parameter in the financial statements of a bank. It is very difficult to predict the possibility of payment of loan by the customer. In recent years many researchers worked on loan approval prediction systems. Machine Learning (ML) techniques are very useful in predicting outcomes for large amount of data. In this paper different machine learning algorithms are applied to predict the loan approval of customers. In this paper, various machine learning algorithms that have been used in past are discussed and their accuracy is evaluated. The main focus of this paper is to determine whether the loan given to a particular person or an organization shall be approved or not.

Proposed System

              The proposed model focuses on predicting the credibility of customers for loan repayment by analyzing their details. The input to the model is the customer details collected. On the output from the classifier, decision on whether to approve or reject the customer request can be made. Using different data analytics tools loan prediction and there severity can be forecasted. In this process it is required to train the data using different algorithms and then compare user data with trained data to predict the nature of loan. The training data set is now supplied to machine learning model; on the basis of this data set the model is trained. Every new applicant details filled at the time of application form acts as a test data set. After the operation of testing, model predict whether the new applicant is a fit case for approval of the loan or not based upon the inference it conclude on the basis of the training data sets. By providing real time input. That data passes to the algorithm. In our project, Decision tree gives high accuracy level compared with other algorithms. Finally, we are predicting the result.


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Package Includes

Software Projects Includes

  1. Demo  Video
  2. Abstract
  3. Base paper
  4. Full Project PPT
  5. UML Diagrams
  6. SRS
  7. Source Code
  8. Screen Shots
  9. Software Links
  10. Reference Papers
  11. Full Project Documentation
  12. Online support


The Delivery time for software projects is 2 -3 working days. Some of the software projects will require Hardware interface. Please go through the hardware Requirements in the abstract carefully. The Hardware will take 7-8 Working Days

 

Hardware Projects Includes

  1. Demo  Video
  2. Abstract
  3. Base paper
  4. Full Project PPT
  5. Datasheets
  6. Circuit Diagrams
  7. Source Code
  8. Screen Shots & Photos
  9. Software Links
  10. Reference Papers
  11. Lit survey
  12. Full Project Documentation
  13. Online support


The Delivery time for Hardware projects is 7-8 working days.

   

Mini Projects: Software Includes

  1. Demo  Video
  2. Abstract
  3. Base paper
  4. Full Project PPT
  5. UML Diagrams
  6. SRS
  7. Source Code
  8. Screen Shots
  9. Software Links
  10. Reference Papers
  11. Full Project Documentation
  12. Online support

 

The Delivery time for software Miniprojects is 2 -3 working days.

 

Mini Projects - Hardware includes

  1. Demo  Video
  2. Abstract
  3. PPT
  4. Datasheets
  5. Circuit Diagrams
  6. Source Code
  7. Screen Shots & Photos
  8. Software Links
  9. Reference Papers
  10. Full Project Documentation
  11. Online support

The Delivery time for Hardware Mini projects is 7-8 working days.