Business Analytics
Identify best practices to mitigate defaulting of vehicle loans
Banks do not want to lose money! How can they reduce loan defaults?
Certified by
Role
Business Analyst
Industry
Finance
No. of Subscribers
6
Level
Basic
Time Commitment
Submit First Draft in 30 Days
Duration
60 days
Tools you’ll learn
Here’s What You Work On
About the Company
SwitchMyLoan is a FinTech company that is making the lending and borrowing process transparent, simple and convenient! Who could have thought that loans can also be ordered online! Switch My Loan's state-of-the-art homegrown technology platform allows their consumers to get loans with a click! They have a pan-India presence in more than 1000 cities through multiple partner banks!
Explore
the following work techniques
SQL
PostgreSQL
PowerBI
Bridging the gap
Loan defaults are a nightmare for banks! Did you know that loan defaults in the premium segment hit an all time high during the pandemic? Even leading banks are not exempt from this mishap! How can you help banks make better lending decisions? Looking at data and identifying who is ost likely to not repay the debt could help! Business analytics can process years worth of data and provide crucial insights on who to lend to!
Apply
the following skills
Data Visualization
Data Wrangling
Data cleaning
SQL Programming
Expected output
In this menternship, you will make recommendations to banks on approving loans in order to reduce defaulting in vehicular loans.
Create
the following deliverables
PowerBI Dashboard to study patterns in Vehicle Loan default data
Insights and recommendations to the business to reduce the defaulting based on Exploratory Data Analysis
What you’ll need before starting
Looks like you don’t need anything to start this , so go ahead and enroll yourself now!
