Vehicle loan prediction

system
By
Aishwarya Shetty
Prachi Dhamale
Sharvari Chavan
Sankeeta Jha
Sheryl Saji
PROBLEM STATEMENT
Our goal is to accurately predict the probability of loanee/borrower defaulting on a
vehicle loan in the first EMI (Equated Monthly Instalments) on the due date.
ABOUT THE DATA
DATA DICTIONARY
● Shape of the data- (233154, 41)
● Datatypes
BUSINESS USE CASE
Financial institutions incur significant losses due to the default of vehicle loans.
This has led to the tightening up of vehicle loan underwriting and increased vehicle
loan rejection rates. The need for a better credit risk scoring model is also raised
by these institutions. Our model can help satiate the requirement
Models
Tree based algorithms

XGBOOST,Logistic Regression, RandomForest , Decision tree

Evaluation Measure:

Precision

Recall

Accuracy