In finance, a loan is the lending of money by one or more individuals, organizations, or other entities to other individuals, organizations etc. The recipient (i.e., the borrower) incurs a debt and is usually liable to pay interest on that debt until it is repaid as well as to repay the principal amount borrowed. (wikipedia)
The major aim of this notebook is to predict which of the customers will have their loan approved.
This dataset is named Loan Prediction Dataset data set. The dataset contains a set of 613 records under 13 attributes:
The main objective for this dataset: Using machine learning techniques to predict loan payments.
target value: Loan_Status