Business, Management and Accounting
a year ago

New Machine Learning Method Predicts Loan Eligibility, Expanding Access to Credit.

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International Journal for Research in Applied Science and Engineering Technology
Loan Eligibility Prediction Using Machine Learning
Mr. V. Sravan Kiran, B. Teja Reddy, D. Uday Kumar, K. Sai Avinash Varma, T. Sheshi Kiran

Paper Summary

The article discusses using a machine learning method called random forest to predict loan eligibility. By gathering and normalizing data from internet sources, the researchers were able to determine if a person is suitable for a loan. This method helps banks make fair lending decisions by considering various aspects of a client's financial history.

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