Online Loan Research Articles

Edukasi Pencegahan Dampak Negatif Pinjaman Online Ilegal Terhadap Pelaku UMKM Kecamatan Pekalongan Timur, Kota Pekalongan

Technological advances in the financial sector are growing rapidly. Technological innovation brings a more practical financial transaction process, one of which is applied to online loans. The implementation of Community Service activities (PkM) is motivated by the rampant illegal online loans offered to the public but not balanced with public knowledge of the online loans themselves. This has caused some MSME players to be trapped in online loan problems. The purpose of the PkM activity is to provide education to the community about digital finance which focuses on online lending material. The implementation of the PkM activity was carried out directly on May 22, 2023 at the culinary market of East Pekalongan District, Pekalongan City. The results of this PkM activity explain that understanding literacy around digital finance, especially on online loans, is very useful for MSME players. This can be seen from the results This service activity has increased participants' awareness of the importance of understanding the legality and risks of online loan fintech.

Perlindungan Hukum Bagi Korban Penyebaran Data Pribadi Oleh Penyedia Jasa Pinjaman Online Illegal dalam Perspektif Viktimologi

This research aims to analyze problems related to legal protection for victims of the distribution of personal data by illegal online loan service providers from a victimology perspective. Victims of the distribution of personal data by online loan service providers have not had their rights fully guaranteed because there are no comprehensive regulations governing it. As normative legal research, this research uses a statutory approach and a conceptual approach. Therefore, conducting the study is only limited to statutory regulations related to the object to be studied and legal literature. The legal materials that were collected were then compiled descriptively for qualitative analysis. The research results concluded that the victim as the injured party can apply for compensation as regulated in Article 26 paragraphs (1) and (2) of the ITE Law. Legal protection for victims of the distribution of personal data carried out by online loan service providers is that the state has not provided guarantees of protection to service users because regulations regarding personal data are still sectoral so they are not yet effective and are still spread across several settings, this means that the protection of personal data is not optimal at all person to ensure the basic right for citizens to live safely

Credit Risk Game Analysis and Control Model of Rural Small and Micro Enterprises——Based on the perspective of green credit

RMSEs (rural micro and small enterprises) absorb the rural surplus labor force for employment and entrepreneurship, which is an important economic growth point in rural areas in the future. However, RMSEs have narrow financing channels and difficult financing problems, which hinder the development of the rural economy. If RMSEs want to develop sustainably, they need to find effective financing channels. RMSEs no longer use traditional means of financing through commercial bank loans but are looking for newer financing modes, such as online loan platforms, investors, and so on. This paper takes RMSEs as the main body, RMSEs target rural commercial banks, online loans, and investors as funding instruments, and through building a benchmark model of the evolution game between funding instruments and RMSEs, banks, based on the perspective of green credit other investors industry competition and market regulatory mechanisms and to build a control model of credit risk of RMSEs to reduce the credit risk of RMSEs.

The Role Of Digital & Health Literacy Development In Mundung Satu Community North Sulawesi

This Community Service activity was carried out in Mundung Satu Village, East Tombatu District, Southeast Minahasa Regency, North Sulawesi Province, which was carried out for one day and was scheduled for November 18 2022. Activities in community service included digital literacy education and public health. Digital literacy activities include social media literacy and online loan literacy. Health literacy is a physical examination measuring the patient's vital signs and simple laboratory tests. First, registration is carried out, then an analysis of vital signs (TTV), consultation with a doctor, simple laboratory tests including blood sugar, cholesterol, uric acid and treatment according to the results of the examination, as well as education related to Diabetes, Cholesterol, Gout Arthritis and Hypertension. This activity was carried out while paying attention to health protocols by wearing a mask, washing hands and keeping a distance during the examination from 08.00 to 13.00 WITA. Community Service Activities aims to provide digital and health literacy to the community so that people become literate in terms of social media, the internet and online loans. Whereas in health, literacy is to increase awareness of healthy living to avoid various degenerative diseases, including Diabetes, Hypercholesterolemia, Gout Arthritis and Hypertension. Besides this, free medical treatment is also provided to the community.

Determinants of Re-borrowing Intention in Peer-to-Peer Lending

Purpose: This study aims to determine the effect of perceived usefulness, perceived ease of use, and insecurity risk on re-borrowing intention in peer-to-peer lending moderated by the facilitating condition. P2P lending in Indonesia is still at an early stage of development so there are many challenges related to insecurity and public acceptance of P2P lending financial technology. Design/methodology/approach: This study uses a quantitative approach for survey research. The research population was peer-to-peer lending borrower in the Special Region of Yogyakarta, Indonesia. The sample members were 207 online loan borrowers by chance contacted by the researchers in different online loan in Indonesia. The data analysis method used is the Structural Equation Modeling technique based on Partial Least Square. Findings: The study found that perceived usefulness and perceived ease of use, has positive and significant effect on online loan attitude. Insecurity risk has a negative and significant effect on online loan attitude (t-test value of 5.36 and p= 0.03<0.05). Besides, online loan attitude seems proven to have a positive and significant effect on re-borrowing intention. Likewise, effect of online loan attitude on re-borrowing intention moderated by the facilitating condition. Research limitations/implications: This research has several limitations. The variables in this research are developed from the basic TAM model by adding other variables outside TAM. The factors influencing re-borrowing behavior on online loans can differ in different theoretical approaches. Hopefully, future research can compare the results of this study with other models outside TAM. Originality/value: It often encourages irrational decisions by re-borrowing online loans even though they realize this decision is not wise. This article attempts to fill the gap in the literature by adding insecurity factors and facilitating conditions to attitudes and intentions in using technology in the context of online P2P lending from the borrower's side.

ANALYSIS OF RELATIONSHIP BETWEEN THE USAGE OF ONLINE LOAN SERVICES AND THE WELL-BEING OF INDONESIAN USING CHI-SQUARE TEST

Online fintech lending offers convenience by providing flexibility for both lenders and borrowers. It led to a significant increase in users. Despite this encouraging growth, it comes with risks, such as the emergence of illegal loan companies. The controversial positive and negative aspects of online loans have sparked the researchers' interest in understanding how the Indonesian public perceives the existence of online loans and whether there is a relationship between the use of online loans and the well-being of users. The data were collected through the questionnaire using Google Form and then distributed to respondents who meet the specified sample criteria, namely Indonesian, aged 17 years old or above, and still able to think rationally. The total study sample are 191 respondents, with the total male is 90 and the total female is 101. Since the results of the data gathered were in the form of categorical data, so the Chi-square test is utilized in this study. With the calculated chi-square less than the chi-square table, it showed that there is no correlation between the frequency of using online loan services and the well-being of the Indonesian people, whether based on age, level of education, or type of job. Hence, it can be concluded that the usage of online loan services is not influences the well-being of Indonesian. It is also known that public perceptions of online loans vary and cannot be generalized. However, those less prosperous, tend to agree with and appreciate the online loan services’ existence compared to those who are prosperous.

SOSIALISASI LITERASI DAN LEMBAGA KEUANGAN SYARIAH PADA MASYARAKAT DESA SUKABUNGAH

This community service activity aims to educate the public about sharia finance. The main target of this sharia financial literacy socialization activity is the community in Sukabungah Village, Bojongmangu District, Bekasi Regency. The activities were carried out in the form of seminars by the community service implementation team at Islamic University 45 Bekasi. from the results of observations and interviews, the existence of Bank Emok (Lentenir) in Sukabungah Village still exists today, this is proven by the fact that 60% of the community is ensnared by loan sharks and even online loans (pinjol) this occurs because of the lack of understanding of the people of Sukabungah Village regarding sharia finance. . Therefore, in Community Service activities, the service team plans to carry out outreach through seminars related to sharia finance. After holding sharia finance socialization activities through seminars, the Sukabungah village community gained new knowledge about sharia finance, thereby increasing knowledge and information about sharia finance, managing and managing finances well and being aware of the negative effects of using loan sharks and interest-bearing loans.

Illegal Online Loan (Pinjol) in Indonesia: Ethical and Human Rights Perspectives

The objective of this research is to explore the pervasive issue of illegal online loan (Pinjol) in Indonesia, focusing on its implications on human rights and ethical standards. This research uses sociolegal research method combined with statutory, sociological and case study approach, using secondary data which are analysed qualitatively. Through an analysis of factors driving individuals towards illegal Pinjol, regulatory frameworks governing Pinjol transactions, and the alarming cases of human rights violations related to Pinjol, this research highlights the multifaceted nature of the problem. Drawing on insights from government initiatives, regulatory measures, and proposed solutions, this research underscores the importance of comprehensive strategies to address illegal Pinjol practices while protecting the rights and dignity of consumers. By advocating for public awareness campaigns, enhanced consumer protection measures, community engagement, and strengthened legal frameworks, Indonesia can achieve a fair and transparent digital economy that prioritizes the well-being of all Indonesian citizens.

Research on the Exploration of China's Financial Supervision Based on the Smoke Index

In recent years, with the rapid development of China's economy and the continuous development of Internet technology, China has ushered in a "financial boom". At the same time, the financial risks of illegal fund-raising such as P2P online loan platforms have gradually been exposed. In order to effectively warn and prevent these risks, the Beijing Leading Group for the Fight against Illegal Fund-raising and the Technology Company jointly developed the "Smoke Index", and with the establishment of the General Administration of Financial Supervision, financial supervision has increasingly become an important measure to protect financial security in China. This article aims to explore its promoting role in China's financial supervision with the help of the smoke index, and take this as an entry point to provide a new direction for the steady development of China's economy.

Financial Services Authority Laws Against Non-Bank Financial Institutions Based on Outlaw Financial Technology

The jurisdiction of the Financial Services Authority to oversee non-bank financial institutions operating illegally on the basis of financial technology is outlined in Article 9 of Law No. 21 of 2011 concerning the Financial Services Authority. POJK No. 10/POJK.05/2022 regulates the legal proceedings initiated by the Financial Services Authority in response to violations committed by such illegal financial technology institutions. The objective of this research was to evaluate the current regulatory structure that oversees Non-Bank Financial Institutions (NBFIs) that engage in Online Financial Trading (OFT) and to pinpoint any regulatory shortcomings or challenges faced by financial authorities in their oversight of these companies. This study employs the Statutory Approach, the Case Approach, and the Analytical & Conceptual Approach to conduct normative research. Descriptive analytical methods were employed to acquire the data, and a qualitative approach was utilised to analyse both primary and secondary data. The research findings indicate that. The Financial Services Authority lacks the authority to regulate and enforce illicit fintech. The government established an Investment Alert Task Force (SWI) comprised of twelve ministries/institutions and financial services authorities, including those tasked with overseeing online loans and other illicit financial practices, in order to combat illegal fintech. OJK educates the public about the perils of illegal fintech and implements SWI in accordance with POJK Number 10/POJK.05/2022OJK so that it is possible to take decisive action against those who harm society through illegal fintech.

Framing Analysis: Do Illegal Online Loans Have Fraud

This study aims to examine how the framing of news illegal online loan fraud in online mass media which is then used as information to find out the causes of the fraudulent practices. The Pan and Kosicki framing analysis method, which was extended with the fraud hexagon theory, were used. The sites in this study were online mass media, particularly tribunnews.com and kompas.com, reporting cases of fraud committed by illegal online lending companies. The results of the framing analysis on the news published by Tribunnews.com show that illegal online lending companies have committed fraudulent practices to their customers and their existence is very disturbing to the public. Kompas.com uses a more preventive method by revealing the ways that the people should do to avoid these traps and fraud. The results of the analysis using the fraud hexagon theory show that fraudulent practices committed by illegal online lending companies are caused by pressure from capital owners, information technology capabilities owned, broad market opportunities, rationalization that people need fast funds, ego, and binding agreements as a form of collusion. The increasing role of the government in providing protection for the public in online transactions is an important implication of this research.

Legalitas Fintech Peer To Peer Lending Pinjaman Online dalam Aspek Hukum Konvensional

Online loans are financial assistance from financial institutions that is done online, which is one proof of the advancement of financial technology (fintech). Online lending or peer to peer lending as a form of financial technology (fintech) is a technological advancement that offers loans with easier and more flexible terms and conditions. The theory used in this research is the theory of legal legality. The theory of legal legality is very relevant to the research made here, because there needs to be legal legality of peer to peer lending in online loans in conventional law considering that the payment system in this illegal online lending and borrowing service has troubled many people, such as intimidative billing, dissemination of personal data, fraud, and sexual harassment through electronic media. The research method used is qualitative descriptive research. The data collection technique or instrument used is library research by studying various books as literature, official documents, laws and regulations, results of previous research, and other literature sources related to the problems studied. The legality of fintech peer to peer lending online loans in the aspect of conventional law is found in the Financial Services Authority Regulation Number 77/POJK.01/2016 concerning Information Technology-Based Money Lending and Borrowing Services, Law Number: 8 of 1999 concerning Protection of Consumer Protection and Law Number: 11 of 2008 concerning Information and Electronic Transactions and other applicable regulations.

Analisis Perkembangan Pinjaman Online Di Era Revolusi Industri 4.O Pada Mahasiswa Gen Z Universitas Nusa Cendana Kupang

This research aims to analyze the influence of Lifestyle, Needs and Access to Financial Institutions on Online Loans among GEN-Z students at Nusa Cendana University, Kupang. This research uses quantitative methods with a quantitative descriptive approach. Determining the sample in this study used a purposive sampling method. The number of samples in this study was 100 samples and was determined based on the Slovin formula. The data collection technique used a questionnaire distributed to all students at Nusa Cendana University, Kupang. Data analysis used in this research is data quality test (validity test and reliability test), classic assumption test (normality test, multicollinearity test, heteroscedasticity test), multiple linear regression analysis, hypothesis test (t test and f test) and determination test (R2). The results of the research state that variable X1 has no effect on variable Y, variable X2 has an effect on variable Y and variable X3 has an effect on variable Y. Variables X1,

Legal Protection of Consumer Personal Data In Online Loan Transactions

The financial sector, especially through online loan applications, has seen new opportunities thanks to technological advances, especially in the field of communications. Although online loans are easy to use, they also present risks regarding personal data security and unsafe lending practices. Along with the popularity of online loans, crimes in the digital world, such as data theft and misuse of information, are increasing. Although vulnerable to detrimental lending practices, especially illegal loans that have not been registered with the Financial Services Authority (OJK), people with low incomes see online loans as an attractive option. The aim of this research is to study how the protection of consumer personal data in online loan transactions is protected by law, especially considering the phenomenon of violations and unprofitable lending practices. This research examines how Law no. 27 of 2022 concerning Personal Data Protection (UU PDP) protects personal data and how it impacts borrowers socially and psychologically. This research shows regulatory and practical innovation in dealing with the problem of personal data leakage which is detrimental to consumers when borrowing money via the internet. Through regulatory analysis and case studies, this research is expected to provide insight into how effective personal data protection is in online loan transactions. Therefore, this research helps build better regulations and efforts that protect customers in the ever-growing era of online lending.

Legal Implications of Personal Data Misuse in Emergency Contact Information for Online Loan Services

This study investigates the legal risks associated with being an emergency contact or the absence of emergency contact in online loans. Utilizing a Normative Juridical approach, the research evaluates the effectiveness of legal policies in minimizing these risks. Findings reveal that serving as an emergency contact may lead to inconvenience due to frequent communication from debt collectors, while the absence of emergency contacts poses challenges for lenders in contacting borrowers, resulting in potential financial losses. These results underscore the importance of implementing efficient legal measures to protect both borrowers and lenders in online lending transactions. Highlights : Importance of Legal Policies: Evaluating the effectiveness of legal policies in minimizing risks associated with online loans is crucial for ensuring the protection of both borrowers and lenders. Role of Emergency Contacts: Investigating the impact of emergency contacts on mitigating legal risks sheds light on the practical aspects of borrower-creditor communication in online lending transactions. Financial Implications: Understanding the financial consequences of lacking emergency contacts in online loans underscores the need for comprehensive risk management strategies in the digital lending landscape. Keywords: Online loans, Legal risks, Emergency contacts, Normative Juridical approach, Financial implications

Tindak Pidana Pengancaman dan Pemerasan dalam Penanganan Kasus Pinjaman Online

Advancements in technology have simplified various daily activities. However, this progress has also been exploited by illegal online loan services (pinjol) offering loans to people with low financial literacy, making it difficult to distinguish between legal and illegal services. Technologically-based loan solutions, originally intended to meet the community's urgent and long-term needs, have now been misused. This development has led to many risks and has given rise to various criminal acts, including fraud, extortion, and threats related to information and technology. The purpose of this study is normative juridical, using secondary data with qualitative data analysis methods. In Criminal Decision Number 438/Pid.Sus/2020/PN Jkt Utr, there is an explanation regarding legal protection for online loan borrowers against extortion or threats by debt collectors through electronic media. The judge decided on the second alternative accusation in the name of the defendant, Dede Supardi Bin H.Supriadi, based on Article 45, paragraph (4) Jo. Article 27, paragraph (4) of the Law of the Republic of Indonesia No. 19 of 2016 is an amendment of Law No. 11 of 2008 on Information and Electronic Transactions and Law No. 8 of 1981 on Criminal Procedure Law. Criminal charges can be imposed on the debt collectors involved in this case.

Research and Analysis of College Students' Investment and Financing under the Background of Internet

In recent years, the prosperity of Internet finance has led to the rapid development of investment and financial management industry. People's financial management is not only traditional bank savings, but also gradually transition to Internet financial management. With the increase of national income, the disposable funds obtained by college students will increase. As a generation with high viscosity in the Internet era, college students will be an important force in the future Internet financial management market. College students with strong learning ability and willingness to accept new things of higher advantage, can use the network platform for learning, consumption, financial management, and some students interested in finance and investment also dabbled in financial field. However, the lack of experience of college students and the lack of necessary risk prevention awareness of financial investment leads to bad online loans and financial fraud. Therefore, to finance investment into the students' future career planning curriculum has certain necessity. This paper mainly analyzes the situation of college students' Internet financial management, pointing out the characteristics of college students' Internet financial management, problems and future trends of college students' financial management. The purpose is to cultivate college students' financial habits, financial awareness and ability, establish a correct outlook on life and wealth, guide them, avoid falling into the trap of financial fraud, and lay a solid foundation for future life financial planning.

Juridical Approach to Legal Protection For The Public Of Illegal Peer To Peer Lending Users

Technology that is developing quickly is utilized in all fields to provide convenience including financial transactions. But, there are also illegal financial transactions called peer – to peer (P2P) lending that do not have a license. The illegal loan operators have access to personal data owned by victims as application users. It is not uncommon to find some illegal loan operators who create conflicts against application users. This research aims to review the legal protection forpeople who use illegal peer to peer lending in Indonesia. This research uses normative law research method, while the research approach uses normative juridical approach. This data of research is secondary data analyzed with aqualitative approach. This research resulted in the existence of criminal law policiesthat used to punish illegal peer – to peer lending for their actions are using Law Number 8 of 1999 because of the position of the public as users of online loans as consumers and Law Number 19 of 2016 concerning Amendments to Law Number11 of 2008 concerning ITE because transactions are carried out using electronic media.

TABUNGAN CINTA YANG PECAH: DAMPAK DAN RISIKO PERCERAIAN AKIBAT PINJAMAN ONLINE TANPA SEPENGETAHUAN PASANGAN

A This study aims to analyze the issue of the impact and risk of divorce due to online loans without the knowledge of the couple. Studies on divorce may often be discussed but for the reason that specific online loans do not yet exist. Online loans are facilities used to borrow money that are sheltered by online-based financial service providers. Online loans are one of the factors behind divorce in Boregah Village RT02/RW09, Cilampunghilir Village, Padakembang District, Tasikmalaya Regency. The method used in the research is qualitative with a descriptive approach with data collection techniques based on observations and interviews. Participants came from former married couples who divorced due to borrowing online loans without the couple's knowledge, which includes resource person 1 under the pseudonym Mentrari and resource person 2 under the pseudonym Rain.The act of borrowing online loans without the knowledge of the spouse is a wrong act because it is considered a betrayal. Loss of trust in the spouse leads to disharmony in the household. Limited communication is also a factor that causes a partner to feel lonely and have to make quick decisions when in urgent circumstances. Keep in mind that the act of borrowing online loans is not a solution to family financial problems, but instead raises new problems. Openness and honesty between spouses are needed to create harmony so that there is no divorce.

The Role of Fintech on Enchancing Financial Literacy and Inclusive Financial Management in MSMEs

Fintech has transformed the global financial sector, providing more efficient, inclusive, and accessible financial services. Fintech has great potential to improve access to financial services, financial literacy, and more effective financial management for Micro, Small, and Medium Enterprises (MSMEs). MSMEs often experience barriers in accessing traditional financial services, which can hinder their business growth and sustainability. Fintech offers solutions that are more flexible and tailored to the needs of MSMEs, such as online loans with lighter terms, digital payment systems that facilitate transactions, and financial management applications that assist MSMEs in managing their finances more effectively. In addition, fintech also plays a role in improving MSMEs' financial literacy through digital financial education and training, which is crucial in helping them make informed financial decisions. This research uses descriptive method and literature analysis. Data was received from other studies that reviewed the role of fintech in the context of MSMEs. The results show that fintech has great potential to improve access to financial services, especially in developing countries. Fintech can improve the operational efficiency of MSMEs through solutions such as digital payments and financial process automation, which can help MSMEs save time and costs, and increase productivity. The urgency of improving MSMEs' knowledge and utilization of fintech is high, given the important role of MSMEs in the economy and the potential of fintech in supporting their business growth.