In Indonesia, a loan shark in 2023 is defined by a financial organization that is not regulated by the Indonesian finance authority and that is exploiting the financial precarity of Indonesian money borrower to apply over the market interest rates and drastic term and conditions.
In Indonesia, the loan shark called also mobile lendersor Lintah Darat consists 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, the 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.
In Indonesia, the loan shark is in 2023 illegal and 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.
PERSONAL LOAN MORTGAGE CAR LOAN STUDENT LOAN LOAN COMPARATOR P2P LOAN LOAN APP CROWDFUNDING MICROFINANCE CREDIT CARD PAYDAY LOAN PAWNSHOP LOAN LOAN SHARK ISLAMIC LOAN LEASING BAD CREDIT MOTORCYCLE LOAN LOAN CALCULATOR LIST OF P2P LENDERS WITHOUT INTEREST LOAN FOR FOREIGNER NO CREDIT CHECK LIST OF BANKS