MUMBAI, India, Aug. 10 -- Intellectual Property India has published a patent application (202411104812 A) filed by Lingaya'S Vidyapeeth on December 31, 2024, for Method For Predicting Risk Of Loan Default.
Inventors include Dr. Seema Bushra; Mr. Bhavik Kuchipudi; Mr. Rajender Kaul; Ar. Kavita Nagpal; Ar. Aditi Arora; Dr. Rajnee Gaur; Dr. Monika Rastogi; Dr. Pallavi Gangwar; Dr. Ashwani Kumar Juneja; Dr Salla Prabhakara; Dr S Koteswara Rao; Dr Vakkapatla Kiranbabu; Mr. Saurabh Kumar; Dr. Saleem Javed; and Dr. Pratibha Saini.
The application for the patent was published on July 31, 2026, under issue no. 31/2026.
Abstract: ABSTRACT METHOD FOR PREDICTING RISK OF LOAN DEFAULT A method (100) for predicting risk of loan default, the method (100) comprising the steps of collecting a data from a loan applicant, pre-processing the data to standardize and normalize input features for analysis, applying a machine learning protocol to the pre- processed data, the machine learning algorithm is trained on historical loan applicant data, including features corresponding to previous loan applicants and repayment behaviour of the previous loan applicants, generating a risk prediction for the loan applicant using the trained machine learning model, the risk prediction classifies the applicant as a high-risk or low-risk candidate for loan default and displaying the risk prediction to a bank to assist in the loan approval process. FIG. 1
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