Customer Loan Approval Classification by Supervised Learning Model

Abstract

The loan is one of the most important schemes of bank. Usually the Banks are willing to give loans to the customers based on their requirements. However, unfortunately there are some customers who delay the payment of loan or unable to pay the loans due to financial status. In order to solve this problem, banks need to use thehelp of some techniques in predicting the loan repayment status. Machine Learning models are known to have a high accuracy on prediction problems, so in this paper we use some of the machine learning models in default loan prediction.