Prediction of Loan Approval using Machine Larning Technique

Abstract

When any financial institution lends the money to the person, it is always been a high risk. Today data is increasing with the rapid pace in the banks, therefore the bankers need to evaluate the person’s data before giving the loan. It can be a big headache to evaluate the data. This problem is solved by analyzing and training the data by using one of the Machine Learning algorithms. For this, we have generated a model for the prediction that the person will get the loan or not. The primary objective of this paper is to check whether the person can get the loan or not by evaluating the data with the help of decision tree classifiers which can gives the accurate result for the prediction

Keywords: Loan, Machine Learning, Decision tree, Data training