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This is a binary classification machine learning project to determine the best model for predicting approval of loans

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RamezzE/LoanApproval-Prediction

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Loan Approval Prediction

This is a binary classification machine learning project focused on determining the best model for predicting loan acceptance, coded in python.

The associated research paper can be found here

Dataset

The dataset used for this project is the Loan Prediction Dataset from Kaggle. It consists of 13 columns and 614 rows, with the following features:

Feature Description Data Type/Ranges
Loan_ID Unique identifier for each loan application -
Gender Gender of the applicant Categorical: Male or Female
Married Marital Status of the applicant Categorical: Yes or No
Dependents Number of dependants if any Categorical: 0, 1, 2, or 3
Education Educational Status Categorical: Graduate or Not Graduate
Self Employed Defines if the applicant is self-employed Categorical: Yes or No
Applicant Income Applicant income Numerical: From 150 to 81000
Coapplicant Income Co-applicant income Numerical: From 0 to 41667
Loan Amount Loan amount (in thousands) Numerical: From 9 to 650
Loan Amount Term Terms of loan (in months) Numerical: From 12 to 480
Credit History Credit history of individual’s repayment of debts Categorical: 0 or 1
Property Area Area of property Categorical: Urban, Semiurban, or Rural
Loan Status (Target) The acceptance or rejection of the loan Categorical: Yes or No

License

This project is licensed under the MIT License

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This is a binary classification machine learning project to determine the best model for predicting approval of loans

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