Abstract:
The rapid advancement of financial technology (fintech) has transformed the
financial sector, particularly in providing easier access to online loan services.
Generation Z, as the dominant users of digital platforms, has shown a significant
tendency to utilize these services, which raises concerns about the influence of
financial literacy and consumptive behavior on loan decision-making. This study
aims to examine the influence of financial technology, financial literacy, and
consumptive behavior on the interest in applying for online loans among Generation
Z in Indonesia. The research applies a quantitative approach with a survey method,
using purposive sampling of 100 respondents aged 13–28 years who know or have
used online loan applications. Data were collected through questionnaires and
analyzed using Structural Equation Modeling–Partial Least Squares (SEM-PLS).
The results show that financial technology (t = 3.712; p = 0.000), financial literacy
(t = 4.663; p = 0.000), and consumptive behavior (t = 4.875; p = 0.000) each have
a positive and significant influence on the interest in applying for online loans.
These findings indicate that technological ease of access, financial knowledge, and
consumption tendencies simultaneously contribute to the rising interest of
Generation Z in online loan services.
