PEER TO PEER LOAN

INDONESIA PEER TO PEER LENDING LOAN

P2P FINANCE INDONESIA

Indonesia’s P2P (peer-to-peer) lending is an option of debt financing that allow Indonesian individuals to borrow and lend money without the use of a bank as a classical an intermediary.

In Indonesia, P2P lending replaces the bank from the loan process achieving less constraints as an Indonesian bank would run intense credit checks on the borrower’s credit history to assess if he or she would qualify for a loan.

In Indonesia, a large number of borrowers are opting for an alternative option of borrowing money through peer-to-peer lending to avoid to be charged costly interest rates or being rejected for an Indonesian loan application due to poor credit history.


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