Loan Approval Prediction using Machine Learning | Credit Risk Prediction using Python

Loan Eligibility Prediction using Machine Learning

  • Credit Risk Assessment has relied on statistical models such as logistic regression and expert-driven rule-based systems.
  • With the advancement of machine learning (ML), modern credit risk prediction models have achieved higher accuracy, efficiency, and scalability, making them an essential tool in financial decision-making.
  • Machine Learning-based credit scoring systems outperform traditional statistical approaches by leveraging large datasets, automated feature selection, and nonlinear relationships in data .
  • Algorithms such as Random Forest (RF), Gradient Boosting (GB), XGBoost, and Stacked Classifiers have gained popularity due to their robustness and interpretability in predicting loan defaults
  • Credit Risk Prediction System using machine learning models, including Random Forest, Gradient Boosting, XGBoost, and Stacked Classifier, deployed through a Flask-based web application.
  • Preprocessing techniques such as missing value imputation, categorical encoding, and feature normalization we
  • Model Results indicate that machine learning-based credit risk prediction systems can significantly enhance decision-making processes in financial.
  • The best-performing model, the Stacked Classifier, achieved an accuracy of 93.42%, outperforming other models. A user-friendly web interface was developed using Flask and Bootstrap, allowing users to input financial details and receive real-time predictions.

Loan Approval Prediction using Machine Learning

Software Requirements :-

  • Coding Language : Python
  • Implementation: Software Framework.
  • Operating system : Windows 10 / 11.
  • Graphical User Interface : Tkinter

Hardware Requirement:-

  • Input Devices : Keyboard, Mouse.
  • System : Pentium i3 Processor.
  • Hard Disk : 500 GB.
  • RAM : 4 GB.

📲 Call/WhatsApp: +91-9460060699

🌎 Website: www.techieprojects.com

📺 Instagram: @pythonprojects_


💡 Checkout Related Projects:-

1. Android App:- Click Here

2. Java Projects:- Click Here

3. OpenCV Projects:- Click Here

4. Data Science Projects:- Click Here

5. Data Analytics Projects:- Click Here

5. Deep Learning Projects:- Click Here

6. Cyber Security Projects:- Click Here

7. Machine Learning Projects:- Click Here

8. Image Processing Projects:- Click Here

9. Web Development Projects:- Click Here

10. Game Development Projects:- Click Here

11. Artificial Intelligence Projects:- Click Here

12. Database Management System:- Click Here

Leave a Comment

Your email address will not be published. Required fields are marked *