The effect of loan granted factor on peer-to-peer lending (funded loan) in Indonesia

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This study aims to determine whether the loan granted factor can affect peer-to-peer lending in Indonesia. The factors investigated in this research are the loan amount, loan period, interest rate, gender, and loan history using the data from registered and licensed peer-to-peer lending by the Financial Services Authority or Otoritas Jasa Keuangan (OJK) on November 2019. By examining 1,006 loans, the analytical method used is binary logistic regression with a significance level of alpha 0.05. The results of this research are loan amount, loan period, and loan history have the strongest impact on borrowers’ loan funding decision, suggesting that these loan characteristics can signal information that standard measures are used for loan funding. However, interest rate and gender have no significant effect on loan granted. Overall, loan funding decisions are based on proper and relevant signals given by loan characteristics.

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    • Figure 1. Research analysis model
    • Table 1. Description of variables
    • Table 2. Accuracy of the logistic regression model
    • Table 3. The results of data processing for hypotheses testing with SPSS
    • Conceptualization
      Fajri Kurniawan, Chandra Wijaya
    • Data curation
      Fajri Kurniawan
    • Formal Analysis
      Fajri Kurniawan
    • Investigation
      Fajri Kurniawan, Chandra Wijaya
    • Methodology
      Fajri Kurniawan, Chandra Wijaya
    • Project administration
      Fajri Kurniawan, Chandra Wijaya
    • Resources
      Fajri Kurniawan
    • Software
      Fajri Kurniawan
    • Supervision
      Fajri Kurniawan, Chandra Wijaya
    • Validation
      Fajri Kurniawan, Chandra Wijaya
    • Visualization
      Fajri Kurniawan
    • Writing – original draft
      Fajri Kurniawan
    • Writing – review & editing
      Fajri Kurniawan, Chandra Wijaya
    • Funding acquisition
      Chandra Wijaya