One of the major integrant to be considered while granting a loan is the customer‟s ability to pay back the amount to the bank as per the bank's provided a schedule. Our work focuses on the analysis of all the attributes that might affect the customer‟s ability to pay the loan. It is basically a credit scoring mechanism used by the bank to make sure a customer's intentions to apply for a loan are legit using Ensemble Algorithms. Our work gives a probabilistic predictive model or a scorecard to estimate the probability of defaulters in the current global scenario. Our work is due diligence fulfilled by the investors involved with the bank. Our aim is to prognosticate correct credit worth which will cause a significant increment in the profits of commercial institutions.