Loan Risk Prediction/Credit Worthiness

Loan Risk Prediction/Credit Worthiness

Financial institutions provide services such as loans and lease. If a consumer defaults on a loan and fails to pay back the loan amount, financial institution suffers a loss. Hence, it is pivotal for financial institutions to assess the risk of non-payment at the time of application. Utilizing state of the art techniques, like wide and deep model by Google, we develop a data-driven model which provides information on the propensity of an applicant to default and makes a recommendation to accept or decline an application. This model has the potential to enhance the loan approval rates and simultaneously minimize the risk of loan default of borrowers.

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