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

Menterns at work

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

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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

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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

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What you’ll need before starting

Looks like you don’t need anything to start this Menternship, so go ahead and enroll yourself now!

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Meet Our Certified Menterns

It was amazing! I learnt so many things like creating engagement on social media platforms. The 1:1 with mentors were super helpful. I learnt how to create Instagram ads, identify goals & do competitor analysis- so many things.

There was a lot of interactive sessions with Mentors. The Menternship I completed gave me a new perspective to how work has to be done. I truly enjoyed working with real figures & actual industry case studies.

My experience was great as I got a chance to explore subjects like Analytics which are difficult to look for. The Menternship allowed to get subject knowledge and see what goes behind the making and delivering of a product.

My experience was very useful as I learnt so much about Fleet Management & Digital Marketing connected to the real-world scenario. I learnt how to actually work with social media channels like IG & Facebook.

Identify best practices to mitigate defaulting of vehicle loans

Banks do not want to lose money! How can they reduce loan defaults?

Explore our curated Resource Hub

Get Guidance in One-on-One Mentor Hours

Ask Questions in our Biweekly AMA

Resolve all doubts on Mentor Support Chatbox

Get Actionable Mentor Feedback on your work

Learn & Network at the exclusive Mentern Perks Club