OJK: Fintech Lending Disbursements Reach Rp 13.78 Trillion in January 2022

The Financial Services Authority (OJK) report notes that the disbursement of peer-to-peer (P2P) lending fintech loans reached Rp 13.78 trillion in January 2022. This figure is up 1.32% compared to the previous month, which stood at Rp 13.60 trillion.

Disbursement of fintech lending loans in January 2022 also increased by 46.90% compared to the same period the previous year. In January 2021, fintech lending disbursement was recorded at Rp 9.38 trillion.

Fintech lending loans were disbursed to 13.56 million borrowers in February 2022. The number of borrowers increased slightly by 0.66% compared to the previous month. The majority, or 10.78 million borrowers, were from the Java region.

A total of Rp 8.43 trillion in loans, or 61.21%, were provided to the productive sector. Of this amount, Rp 2.92 trillion was lent to sectors other than other business fields.

Loans disbursed to the wholesale and retail trade sector reached Rp 2.17 trillion. Meanwhile, loans to the household sector were recorded at Rp 690.81 billion.

From the lender's side, the number reached 10.45 million entities with a value of Rp 10.83 trillion. Cooperation in loan disbursement by institutional lenders (super lenders) during this period was contributed by 69 conventional financial institutions totaling Rp 1.81 trillion.