HIGHLIGHTS
SUMMARY
Behind the convenience offered, online loans with liquid direct money are known to have some risks. If unsecured loans at conventional banks charge monthly installments, online loans generally charge daily interest. The practice of illegal online loans from Financial Technology (Fintech) is still a problem that the Financial Services Authority (OJK) has to face today. Member of the OJK`s Board of Commissioners for Consumer Protection Tirta Sagara said that his party received many requests for help from the public to solve problems related to online loans with Fintech (Grahanusa Mediatama, 2021). Even though . . .
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