INDONESIA PEER TO PEER LOAN INDONESIAN P2P LOAN
In Indonesia, a P2P loan or Peer-to-Peer loan is defined by a funding solution that takes place between two Indonesian parties or individuals without involving any Indonesian bank including an Indonesian private lender.
In Indonesia P2P (peer-to-peer) lending is an option of debt financing that allows Indonesian individuals to borrow and lend money without the use of a regulated Indonesian financial institution as a classical an intermediary.
In Indonesia, a P2P loan 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 P2P loan is selected by a large number of borrowers as they 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.
In Indonesia, P2P lending like in other countries consists of lending platforms or marketplaces that matches investors who are looking for a return on their investment with borrowers looking for loans without using a bank.