Context: Loan Tap is an online platform committed to delivering customized loan products to millennials. They innovate in an otherwise dull loan segment, to deliver instant, flexible loans on consumer friendly terms to salaried professionals and businessmen. The data science team at Loan Tap is building an underwriting layer to determine the creditworthiness of MSMEs as well as individuals. Loan Tap deploys formal credit to salaried individuals and businesses 4 main financial instruments:

1. Personal Loan
2. EMI Free Loan
3. Personal Overdraft
4. Advance Salary Loan This case study will focus on the underwriting process behind Personal Loan

Problem Statement:

Given a set of attributes for an Individual, determine if a credit line should be extended to them. If so, what should the repayment terms be in business recommendations?