Purpose

Despite the emergence of peer-to-peer (P2P) lending in Malaysia, there is a knowledge gap on what drives the lending decision of P2P lending in the emerging Malaysian market. This research investigates how borrower's loan tenure, funding purpose, verified documents, accumulated transaction and repayment history, age, trustworthy and geographical resemblance affect likelihood of lending decision in P2P platform.

Design/methodology/approach

Using snowball sampling, survey data was collected from 300 online banking users who were willing to invest in online P2P platform from different states in Malaysia (i.e. Selangor, Malacca, Johor and Negeri Sembilan). For estimation, regression analyses were estimated.

Findings

The findings suggest that borrower's loan tenure and borrower's age increase the probability of lending in online P2P platform, while funding purpose of credit card reduces the likelihood of lending in the P2P platform. The findings contribute to the signalling theory.

Practical implications

The findings imply that borrowers need to concentrate on loan tenure and clearly indicate their age in the listing in order to increase the funding probability. Moreover, they are suggested not to submit listing for credit card as funding purpose.

Originality/value

This study is first in its nature about P2P lending in Malaysia and the possible factors that influence lending decisions in this new financing platform.

中文翻译：

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马来西亚 P2P 借贷决策的驱动因素

目的

尽管马来西亚出现了点对点（P2P）借贷，但在推动马来西亚新兴市场 P2P 借贷决策的因素方面存在知识差距。本研究调查借款人的贷款期限、融资目的、经过验证的文件、累积交易和还款历史、年龄、可信度和地理相似性如何影响 P2P 平台中贷款决策的可能性。

设计/方法/方法

使用滚雪球抽样，调查数据来自马来西亚不同州（即雪兰莪、马六甲、柔佛和森美兰）的 300 名愿意投资在线 P2P 平台的网上银行用户。对于估计，估计回归分析。

发现

研究结果表明，借款人的贷款期限和借款人的年龄增加了在线P2P平台借贷的可能性，而信用卡的融资目的降低了P2P平台借贷的可能性。这些发现有助于信号理论。

实际影响

调查结果表明，借款人需要专注于贷款期限，并在上市时明确表明他们的年龄，以增加融资概率。此外，建议他们不要提交信用卡列表作为资金用途。

原创性/价值

这项研究首先是关于马来西亚 P2P 借贷以及影响这个新融资平台中借贷决策的可能因素。