IDEAS: Journal of Management & Technology
Vol 1, No 1 (2021)

Principle of balance in financial technology’s peer-to-peer lending contract

Indah Siti Aprilia (Universitas Indonesia)
Claudia Gita Hapsari (Unknown)



Article Info

Publish Date
29 Sep 2021

Abstract

Online loans have snowballed in recent years. The growth of online loans, also known as Peer-to-Peer Lending (P2P Lending) or Financial Technology, has been troubling the public. The P2P Lending collecting method has been harassing the people. P2P lending sends the collection letter to customers' contact addresses, distributes personal pictures, and imposes high interest. This research aims to discuss the Principle of Balance in P2P Lending contracts. This research uses a normative judicial method. The study examines the phenomenon of P2P Lending in public. This research concludes that the P2P Lending agreement does not meet the conditions in the contract based on the Principle of Balance. This research proposes that the relevant authorities review each P2P Lending agreement to achieve the Principle of Balance.

Copyrights © 2021






Journal Info

Abbrev

IDEAS

Publisher

Subject

Humanities Economics, Econometrics & Finance

Description

IDEAS: Journal of Management and Technology is a peer-reviewed journals devoted to the publication of original papers and serve as a forum for practical approaches to improving quality in issues pertaining to technology management, innovation, and related fields. The goal is to bring the highest ...