Loan Delinquency Prediction using Machine Learning Techniques

Abstract

Loan delinquency prediction is one of the most critical and crucial problems faced by financial institutions and organizations. It is a remarkable effect which could result in the demolition of the profitability rate that leads to the shattering of the organization. Delinquency is a condition that arises due to the failure of payment of loans by the borrowers, which shows tremendous effect on the evolution of financial institutions. It requires more authentications to track the periodic repayments of debts and adaptation of strategies that helps in proliferating the institutions. Based on the details like date of issuance, pay-back time, amount, account details, credit score further issuance of loan is assured this helps in disseminating the delinquency problem.