Predictive Modeling for Loan Approval in Banking Using QML Algorithm

Predictive modeling is a powerful tool that allows banks to determine threats and make informed decisions about mortgage approvals accurately. In this look, we suggest a novel approach to predictive modeling for loan approval using the QML algorithm. This set of rules makes use of a Quantum system, gaining knowledge of (QML) techniques to research big datasets and extract predictive patterns that may be used to predict the likelihood of loan default. Our algorithm includes key functions together with consumer credit history, income, and demographic records to educate a version that may correctly classify loan packages as both low risk and high hazard. This model can then be utilized by banks to quickly and efficaciously examine mortgage programs, minimizing the risk of default and enhancing the general loan approval system. The QML algorithm has numerous advantages over traditional predictive modeling techniques, including the capacity to process massive amounts of information in a fraction of the time and improved accuracy due to its quantum computing capabilities. By leveraging QML, banks cannot only improve loan choice-making but also reduce operational fees and provide a better client experience. In conclusion, our proposed QMLbased predictive modeling method for mortgage approval can noticeably improve the mortgage approval process in the banking sector. By appropriately predicting loan defaults, banks can make more informed decisions, reduce losses, and enhance basic purchaser delight. This revolutionary utility of the QML algorithm showcases the ability of quantum computing to revolutionize economic enterprise.

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Publication Details

Published
2025-05-29
DOI
https://doi.org/10.1109/netcrypt65877.2025.11102629
Primary Topic
Blockchain Technology Applications and Security
Type
article
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Predictive Modeling for Loan Approval in Banking Using QML Algorithm

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Blockchain Technology Applications and Security
article

Predictive Modeling for Loan Approval in Banking Using QML Algorithm

Sipra Swain, Kalyan Acharjya, Simranjeet Nanda, Shikhar Gupta, Rosita Kamala F, Krishna Reddy B N
article en

Abstract

Predictive modeling is a powerful tool that allows banks to determine threats and make informed decisions about mortgage approvals accurately. In this look, we suggest a novel approach to predictive modeling for loan approval using the QML algorithm. This set of rules makes use of a Quantum system, gaining knowledge of (QML) techniques to research big datasets and extract predictive patterns that may be used to predict the likelihood of loan default. Our algorithm includes key functions together with consumer credit history, income, and demographic records to educate a version that may correctly classify loan packages as both low risk and high hazard. This model can then be utilized by banks to quickly and efficaciously examine mortgage programs, minimizing the risk of default and enhancing the general loan approval system. The QML algorithm has numerous advantages over traditional predictive modeling techniques, including the capacity to process massive amounts of information in a fraction of the time and improved accuracy due to its quantum computing capabilities. By leveraging QML, banks cannot only improve loan choice-making but also reduce operational fees and provide a better client experience. In conclusion, our proposed QMLbased predictive modeling method for mortgage approval can noticeably improve the mortgage approval process in the banking sector. By appropriately predicting loan defaults, banks can make more informed decisions, reduce losses, and enhance basic purchaser delight. This revolutionary utility of the QML algorithm showcases the ability of quantum computing to revolutionize economic enterprise.

Jain University (IN), Presidency University (IN), Siksha O Anusandhan University (IN), Maharishi University of Management and Technology (IN), Chitkara University (IN)
Decent work and economic growth
Openalex Percentile: Top 69%
Blockchain Technology Applications and Security
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