| Issue |
ITM Web Conf.
Volume 44, 2022
International Conference on Automation, Computing and Communication 2022 (ICACC-2022)
|
|
|---|---|---|
| Article Number | 03019 | |
| Number of page(s) | 4 | |
| Section | Computing | |
| DOI | https://doi.org/10.1051/itmconf/20224403019 | |
| Published online | 05 May 2022 | |
Loan Prediction System Using Machine Learning
1,2,3,4 Department of Information Technology, RAIT, Nerul, India
5 D.Y. Patil Deemed to be University, Ramrao Adik Institute of Technology, Nerul, Navi Mumbai, India
As the needs of people are increasing, the demand for loans in banks is also frequently getting higher every day. Banks typically process an applicant’s loan after screening and verifying the applicant’s eligibility, which is a difficult and time-consuming process. In some cases, some applicants default and banks lose capital. The machine learning approach is ideal for reducing human effort and effective decision making in the loan approval process by implementing machine learning tools that use classification algorithms to predict eligible loan applicants.
© The Authors, published by EDP Sciences, 2022
This is an Open Access article distributed under the terms of the Creative Commons Attribution License 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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