Regulations, Problems, and Legal Solutions for Online Loan Agreements in Indonesia

  • Shenti Agustini Faculty of Law Universitas Internasional Batam, Indonesia
  • Rizky Pratama Karo Karo Faculty of Law, Universitas Pelita Harapan, Indonesia
  • Winsherly Tan Faculty of Law, Universitas Internasional Batam, Indonesia
  • Elza Syarief Faculty of Law, Universitas Internasional Batam, Indonesia
  • Faradina Binti Ahmad Fakulti Kepengurusan Universiti Teknologi Malaysia, Malasyia
DOI: https://doi.org/10.24843/JMHU.2025.v14.i02.p07

Abstract

The aim of this research is first to analyze regulations regarding online loans, identify legal problems arising from online loans, and find an appropriate legal solution to resolving legal issues with online loans. The method used is normative juridical. The research results found that Indonesia already has written laws to regulate online loans, namely financial services authority regulations. However, this regulation is insufficient in resolving online lending legal problems. Normative inconsistencies, especially regarding capital sourcing regulations, Lack of technical clarity, such as in the implementation of lenders' general meetings, Heavy regulatory burdens for new market entrants (e.g., high equity requirements), Unregulated areas, including lender protection, AI/technology ethics, and secondary market mechanisms. Recommended Legal Solutions: 1) Clarification via OJK Circular Letters (SEOJK); 2) Issuance of Fintech Ethics & Technology Guidelines; 3) Establishment of Credit Risk Protection Schemes; 4) Progressive Evaluation and Stakeholder Dialogues; 5) Harmonization with Other Regulations and the P2SK Law.

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Published
2025-07-28
How to Cite
AGUSTINI, Shenti et al. Regulations, Problems, and Legal Solutions for Online Loan Agreements in Indonesia. Jurnal Magister Hukum Udayana (Udayana Master Law Journal), [S.l.], v. 14, n. 2, p. 407-420, july 2025. ISSN 2502-3101. Available at: <http://ojs.unud.ac.id/index.php/jmhu/article/view/123470>. Date accessed: 26 aug. 2025. doi: https://doi.org/10.24843/JMHU.2025.v14.i02.p07.
Citation Formats
Issue
Vol 14 No 2 (2025)
Section
Articles
Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.

Creative Commons License

Jurnal Magister Hukum Udayana (Udayana Master Law of Journal) by Faculty of Law Udayana University is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License. 

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