Unethical practices peer-to-peer lending in Indonesia Available to Purchase

This paper aims to highlight the existence of illegal peer-to-peer (P2P) lending in Indonesia, unethical practices of P2P lending operators to borrowers, regulatory weaknesses and offer recommendations to reduce unethical practices.

This paper is a general discussion through desk research using secondary data from journal papers, research reports, books and papers online.

There are regulatory weaknesses in regulating illegal P2P lending. There are no strict legal sanctions for P2P lending operators who act unethically to borrowers.

This paper discusses the unethical actions of P2P lending operators and the inability of regulations to take legal action against illegal P2P operators.