Data Science Pipeline Project 4: Sophia(Li) He
Lending Club is the world’s largest online P2P marketplace. P2P stands for Peer-to-Peer lending. It is the practice of lending money through online services that match lenders directly with borrowers. Lending Club categorizes loans into 7 grades from A to G based on its risk level. A has the lowest risk level and G has the highest. Every new P2P investor has to answer the question, “What loan grades do I invest in?”
The lower the grade, the more borrowers are renting their houses instead of mortgaging their houses.
Work Experience doesn't vary much between different grades.
Annual Income less than 50K has the lowest percentage rate in Grape A, which means that for Grade A loans, the borrowers are very like to have an annual income more than 50K.
The loans with the purposes that are related to house, small business and unknown purpose are regarded as high risk loans. The loans related to credit card refinance are regarded as low risk loans.