Loan Status Prediction system
- Tech Stack: Python, Jupyter Notebook, Machine learning
- Website URL: Link
- Github URL: Project Link
A Loan Status Prediction system is a machine learning model or application that predicts whether a loan application will be approved or rejected based on various input features and historical data. The system aims to automate the loan approval process and assist in making informed decisions by assessing the creditworthiness of applicants.
The Loan Status Prediction system typically utilizes a dataset that includes information about loan applicants, such as personal details (gender, age, marital status), financial information (income, debt obligations), credit history (credit score, repayment history), employment details, and other relevant factors.
The system goes through several steps, including data preprocessing, feature engineering, model training, and prediction.