Multi-Purpose Loans Dominate Online Lending

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Dwi Hadya Jayani 10/09/2020 14:00 WIB

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The number of multi-purpose credit providers in Q2 2020 was 86, representing 54% of total online loans.

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Number of Online Lenders

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The Indonesian Fintech Association's report indicates that multi-purpose loans dominate other online loans in Indonesia. In the second quarter of 2020, there were 86 providers of multi-purpose loans, representing 54% of the total online loan providers.

Meanwhile, there were 60 providers of productive loans, accounting for 38% of the total online loan providers. There were 12 providers of sharia-compliant loans, representing 8% of the total online loan providers. The number of sharia-compliant loan providers in the second quarter of 2020 remained the same as in 2019.

Editor : Muhammad Ahsan Ridhoi

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."