I. Introduction
Credit risk refers to the potential for a loan's borrower to default on payments, resulting in financial harm to the lending institution. Since the invention of lending, credit risk has been significant since every loan has the chance that the money will not be repaid. Many methods have been employed in banking to reduce the likelihood of losses and complications. Although it is nearly impossible to eliminate all credit risk, prudent risk management can help keep loan defaults to a minimum [1]. The banking industry places a premium on risk management, and how credit risk is handled has evolved. Many recent improvements have been made in the efficiency and precision with which credit risk is managed. Instead of manually reviewing each application by examining the data provided by each customer, more streamlined processes might be implemented [2].