THE INFLUENCE OF FINANCIAL LITERACY, SELF CONTROL, AND PERCEIVED RISK ON INTENTION TO USE PEER TO PEER LENDING PLATFORMS (STUDY CASE GEN Z IN JABODETABEK)

Abstract

As times become more sophisticated and driven by the phenomenon of globalization, every aspect of life will change and will no longer be the same as before. One thing that has really changed is the financial aspect with the presence of the peer-to-peer lending system which allows people to borrow funds according to their needs without having to make direct transactions. Behind this convenience, it turns out that according to the OJK report, there are many Indonesian people who are trapped in bad credit, especially generation Z. This research aims to find out what aspects influence generation Z's interest in making online loans using 3 independent variables and I dependent variable, namely Financial Literacy (X1), Locus of Control (X2) and Perceived Risk (X3) as well as Intention to use Peer to Peer Lending (Y). This research uses a quantitative method where researchers distribute questionnaires to research subjects and the data is processed using multiple linear regression. The research results state that all independent variables in the research with the significant result is below than 0.05 which are Financial Literacy (X1), Locus of Control (X2) and Perceived Risk (X3) for each of it partially has significant influence toward Intention to use Peer to Peer Lending (Y). The result also stated that all the independent variables with the F test is below than 0.05, hence simultaneously have influence on Intention to use Peer to Peer Lending (Y).