Loans
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On Time or Late Payments In Loans
Predicting whether loan payments will be on time or late involves using AI² algorithms to analyze various factors associated with borrowers and their loans.
The Problem
Challenged to decrease Late Payments:
- Number of customers 51,816
- Current Payments: 50.18% (26,000 customers with current payments)
- Late Payments: 49.82% (25,816 customers with late payments)
The Solution
Decrease Late Payments with AI:
- Target Late Payments: 39.86%
The Impact
Initial Decrease from current levels:
- 20% or 5,163 extra reductions in customers with Late payments.
- AI Accuracy: 100%
