Bank Loan Approval System Using Machine Learning

Abstract— Loans are one of the prominent profit sources for banks. Banks grant loans after an intensive process of verification and validation. Even they still stand a risk of how likely is the borrower to repay the loan. So, loan application processing and approval is a tiring process manually done by banks. The Loan Prediction System makes this process effortless by using a Machine Learning model to predict whether an applicant’s loan should be approved or rejected. This is done by assessing different attributes like age, gender, loan amount, applicant income, employment status etc