Generative artificial intelligence for loans

A computer device for artificial intelligence (AI) and/or machine learning (ML)-based loan application evaluation, the computer device comprising one or more processors configured to:

• receive, from a user device of a user, loan application information;
• receive user information;
• analyze, via an AI and/or ML model, the loan application information and the user information to determine at least one loan parameter;
• determine whether a loan should be approved by inputting, into a smart contract, the determined at least one loan parameter;
• generate, via the AI and/or ML model, an explanation for whether the loan should be approved;
• and
• present the explanation of whether the loan should be approved.

A computer system for artificial intelligence (AI) and/or machine learning (ML)-based loan application evaluation, the computer system comprising:

• one or more processors;
• and
• one or more non-transitory memories, the one or more non-transitory memories having stored thereon computer-executable instructions that, when executed by the one or more processors, cause the one or more processors to:
• receive, from a user device of a user, loan application information;
• receive user information;
• analyze, via an AI and/or ML model, the loan application information and the user information to determine at least one loan parameter;
• determine whether a loan should be approved by inputting, into a smart contract, the determined at least one loan parameter;
• generate, via the AI and/or ML model, an explanation for whether the loan should be approved;
• and
• present the explanation of whether the loan should be approved.