Analysis on Forecasting of Loan using Supervised Machine Learning Models

In the current generation as the world is digitalizing so fast that we can’t even imagine, even online banking became very common among lot of people. As we all know, at one point of time lot of people are in need of loan and getting selected for a loan is a huge process and it will take a lot of time. As we are stepping ahead in future this loan has to be done in a faster and a better way that’s why we came up with a solution for that. We have to analyze the details of a person as deep as possible so that we can predict the data more accurately and then the main thing is all the details have to be true and genuine. It seems to be a very big process and it will take lot of time. So, in this paper, we are going to build various supervised machine learning models in order the predict the more accurate value for the prediction of loan using machine in an efficient manner.