A Method for Loan Approval Prediction Using a Machine Learning Algorithm

Authors

  • Vedant Shinde  Computer Science, Nutan Maharashtra Institute of Engineering and Technology, Pune, India
  • Nikhil Waghmare  Computer Science, Nutan Maharashtra Institute of Engineering and Technology, Pune, India
  • Pranav Sandbhor  Computer Science, Nutan Maharashtra Institute of Engineering and Technology, Pune, India
  • Satyajit Sirsat  Professor, Computer Science, Nutan Maharashtra Institute of Engineering and Technology, Pune, India

Keywords:

Loan Approval, Logistic Regression, Machine Learning, Decision Tree

Abstract

Train our model informational index of 1500 cases and 10 mathematical and 8 clear cut describes has been taken. To credit an advance to client different boundaries like CIBIL Score. A credit is the center business part of banks. The fundamental part the bank's benefit is straightforwardly come from the benefit procured from the credits. However bank supports credit after a relapse cycle of confirmation and tribute yet at the same time there's no guarantee whether the picked confident is the right confident or on the other hand not. This cycle requires some investment while doing it physically. We can forecast whether that specific confident is protected or not and the entire course of tribute is mechanized by machine education style. Advance Prognostic is truly useful for retainer of banks as well with respect to the confident moreover.

References

  1. L. I. Kuncheva, M. Skurichina, R.P.W. Duin, An experimental study on diversity for bagging and boosting with linear classifiers, Information Fusion, Volume 3, Issue 4, 2002, Pages 245-258.
  2. V. V, R. A. C, V. S. R. R, A. K. P, S. M. R & S. B. M. (2022). Implementation of IoT in agriculture: A scientific approach for smart irrigation. IEEE 2nd Mysore Sub Section International Conference (MysuruCon), Mysuru, India, pp. 1-6. DOI: 10.1109/MysuruCon55714.2022.9972734.
  3. Arun, Kumar, Garg Ishan & Kaur Sanmeet. (2016). Loan approval prediction based on machine learning approach. IOSR J. Computer Eng, 18(3), 18-21.
  4. Amit Kumar Goel, Kalpana Batra, Poonam Phogat,” Manage big data using optical networks”, Journal of Statistics and Management Systems “Volume 23, 2020, Issue 2, Taylors & Francis.
  5. Nikhil Madane, Siddharth Nanda,”Loan Prediction using Decision tree”, Journal of the Gujrat Research History, Volume 21 Issue 14s, December 2019.
  6. Drew Conway and John Myles White,” Machine Learning for Hackers: Case Studies and Algorithms to Get you Started,” O’Reilly Media.
  7. X.Frencis Jensy, V.P.Sumathi,Janani Shiva Shri, “An exploratory Data Analysis for Loan Prediction based on nature of clients”, International Journal of Recent Technology and Engineering (IJRTE),Volume-7 Issue-4S, November 2018.
  8. Trevor Hastie, Robert Tibshirani, and Jerome Friedman,” The Elements of Statistical Learning: Data Mining, Inference, and Prediction,” Springer ,Kindle .
  9. Aakanksha Saha, Tamara Denning, Vivek Srikumar, Sneha Kumar Kasera. 'Secrets in Source Code: Reducing False Positives using Machine Learning', 2020 International Conference on Communication Systems &Networks (COMSNETS), 2020.
  10. PhilHyo Jin Do ,Ho-Jin Choi, “Sentiment analysis of real-life situations using loca- tion, people and time as contextual features,” International Conference on Big Data and Smart Computing (BIGCOMP), pp. 39–42. IEEE, 2015.Kim, S., & Lee, J. (2017). 'Effective Implementation of Predictive Analytics for Demand Forecasting in E-commerce.' International Journal of Production Research, 55(6), 1654-1668.
  11. Lee, S., & Kim, H. (2019). 'Real-time Tracking Systems for Shipment Monitoring in E-commerce Logistics.' Journal of Systems Science and Systems Engineering, 28(1), 36-53.
  12. Guo, Y., & Ding, Y. (2020). 'Enhancing Customer Satisfaction through Efficient Exchange and Refund Processes in E-commerce.' Information Systems Frontiers, 22(4), 809-822.
  13. Zhang, W., & Wang, Y. (2018). 'A Comprehensive Survey of Return Policies in E-commerce.' International Journal of Production Economics, 195, 215-228.

Downloads

Published

2024-02-07

Issue

Section

Research Articles

How to Cite

[1]
Vedant Shinde, Nikhil Waghmare, Pranav Sandbhor, Satyajit Sirsat "A Method for Loan Approval Prediction Using a Machine Learning Algorithm" International Journal of Scientific Research in Science, Engineering and Technology (IJSRSET), Print ISSN : 2395-1990, Online ISSN : 2394-4099, Volume 11, Issue 1, pp.175-178, January-February-2024.