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whoisksy authored Aug 17, 2021
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# home-loan-sanction-amount

## Problem Statement

* Buying a house requires a lot of careful planning. Once we have finalized your budget and the house that we want to buy, we must ensure sufficient funds to pay the seller.

* With rising property rates, most people avail home loans to buy their dream houses. The bank only lends up to 80% of the total amount based on a person's finances (salary, outgoing expenses, existing loans, etc.). We will need to make the rest of the payment yourself after the bank tells you how much they can lend.

* We need to predicting loan amount that can be sanctioned to applicant based on available features.

## Data Description

| Columns | Column Description
|-------------------------------|----------------------------------------------------------------------------------
| Customer ID | Represents a unique identification number of a customer
| Name | Represents the name of a customer
| Gender | Represents the gender of a customer
| Age | Represents the age of a customer
| Income (USD) | Represents the income of a customer
| Income Stability | Represents whether a customer has a stable source of income
| Profession | Represents the profession of a customer
| Type of Employment | Represents the type of employment of a customer
| Location | Represents the current location that a customer resides
| Loan Amount Request (USD) | Represents the loan amount requested by a customer
| Current Loan Expenses (USD) | If a customer has any current active loans, then this represents the amount that a spends on these loans (monthly)
| Expense Type 1 | Represents a type of expense that a customer spends on (monthly)
| Expense Type 2 | Represents a type of expense that a customer spends on (monthly)
| Dependents | Represents whether a customer has any dependencies (spouse, parents, siblings, children, etc.)
| Credit Score | Represents the credit score of a customer
| No. of Defaults | Represents the number of time a customer has defaulted
| Has Active Credit Card | Represents if a customer has any active credit cards or not
| Property ID | Represents an identification number of a property
| Property Age | Represents the age of a property
| Property Type | Represents the type of property
| Property Location | Represents the location of a property
| Co-Applicant | Represents whether a customer has co-applicants
| Property Price | Represents the selling price of a property
| Loan Sanction Amount (USD) | Represents the loan sanctioned amount for a customer

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