Loan Shield AI Intelligent ID Verification for Efficient Loan Waivers

Abstract

Identity authentication is a critical component in the processing of government loan waivers. Manual authentication tends to cause errors and forgery, thus delaying the approval of the loans. To address this, a smart system named Loan Shield AI has been created. It utilizes deep learning, OCR, and federated learning to authenticate documents such as Aadhaar and Smart Cards and auto-extract crucial details. A voice assistant is also provided to assist users by assisting them and completing loan forms from the extracted data. The system is containerized in an application for seamless deployment and tested for document verification, face matching, and fraud detection. Automation and voice support make the loan application quick, precise, and user-friendly. The system also accommodates various document types and various languages to enhance usability and dependability.