Smart Loan: A Risk-Aware and Explainable Loan Eligibility Prediction System Using Machine Learning

Mr. R.Rajesh; Bura Keerthi; K.Keerthan Reddy; A.Siddartha

Smart Loan: A Risk-Aware and Explainable Loan Eligibility Prediction System Using Machine Learning

Author : Mr. R.Rajesh, Bura Keerthi, K.Keerthan Reddy, A.Siddartha Journa Name: International Journal of Scientific Research & Engineering Trends Volume: 12 issue: 2 Year: Volume-12-issue-2 Views : 167

Abstract:

Smart Loan is an intelligent system designed to predict loan eligibility and assess risk using machine learning techniques. Traditional loan approval processes are time-consuming and prone to human bias. This system automates the evaluation process by analyzing applicant data such as income, credit history, employment status, and financial behavior. The model predicts whether a loan should be approved and categorizes applicants based on risk level (low, medium, high). The system ensures faster decision-making, reduces default risks, and improves efficiency for financial institutions.