Financial Literacy and Lifestyle Analysis on Interest in Using Online Loans Among Students
Keywords:
Financial literacy, lifestyle, online loans, consumer interestAbstract
The development of technology in the financial sector, especially online loan services, is now an alternative option that many students look at to meet their financial needs. Unfortunately, there are still many students who do not have a good understanding of financial management, coupled with a consumptive lifestyle that can have negative impacts, such as being entangled in debt, disrupted in the lecture process, and mental health problems. This research was conducted using the Systematic Literature Review (SLR) method through a study of a number of scientific articles published on Google Scholar during the 2020–2024 period. The goal is to find out how financial literacy and lifestyle affect students' interest in using online loans. The results of the study show that students' ability to understand finance has a large and significant effect on their interest in using this service. On the contrary, lifestyle has not been shown to have a significant influence. Therefore, increasing financial literacy among students is essential so that they can make wise financial decisions, especially when it comes to utilizing online loan services.
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