Abstract
This research delves into a comprehensive comparative study focused on predicting loan status through the application of various machine learning (ML) algorithms. The objective is to assess and compare the effectiveness of Decision Trees, Random Forest, Support Vector Machines (SVM), and Gradient Boosting models in determining the likelihood of loan approval or denial. Leveraging a dataset comprising historical loan application data, including applicant demographics, financial history, and loan characteristics, the study conducts rigorous analysis and interpretation of the models' performance. The results provide valuable insights into the strengths and weaknesses of each algorithm, offering a nuanced understanding of their predictive capabilities in the context of loan status determination. This research contributes to the growing body of knowledge in the application of ML algorithms in the financial sector, presenting practical implications for institutions seeking to enhance their loan approval processes. Key words: Predictive Analysis, Machine Learning Algorithms, Loan Status, Comparative Study, Utilization
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