LOAN SHARK

INDONESIA LOAN SHARK MOBILE LENDER

LINTAH DARAT INDONESIA

In Indonesia loan sharks called also mobile lenders or Lintah Darat consist of a group of persons that charge Indonesian borrowers interest above a specific legal rate which is illegal as they charge interest rates which can range up to or even over 200%.

In Indonesia, loan sharks often work from home and have no legal authorization to lend money and secure the loans they give with threats of violence or damage to a borrower's reputation as a solution make sure the loans are repaid on due time.

The Indonesian regulator has meanwhile taken legal measures against local loan sharks to protect borrowers so that they find themselves in a position of owing to a loan shark, to consult with a financial and legal professional to help them out of the situation.


INDONESIA LOAN

Copyright 2018

Contact: info@indonesialoan.com

INDONESIA LOAN