Fintech Lending Loan Disbursements Fall to Rp 14.95 Trillion in August 2021

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Cindy Mutia Annur 29/09/2021 13:22 WIB

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According to OJK data, monthly fintech lending disbursement reached Rp 14.95 trillion in August 2021. This figure represents a 4.53% decrease compared to the previous month's Rp 15.66 trillion.

Monthly Fintech Lending Loan Disbursement

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Monthly Fintech Lending Loan Disbursement

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The Financial Services Authority (OJK) recorded that the disbursement of monthly fintech lending reached Rp 14.95 trillion in August 2021. This figure is down 4.53% compared to the previous month, which was Rp 15.66 trillion.

However, fintech lending disbursement has tended to increase over the past year. A 205.10% increase was recorded compared to August 2020.

Monthly loans in August 2021 were disbursed to 27.23 million borrowers. The majority, or 21.10 million borrowers, were from the Java region.

Rp 8.16 trillion, or 54.58% of the total monthly fintech lending disbursement in August 2021, was allocated to the productive sector. Of this amount, Rp 3.80 trillion was for sectors other than other business fields.

Loans disbursed to the wholesale and retail trade sector reached Rp 1.70 trillion. Meanwhile, loans to the household sector were recorded at Rp 502.82 billion.

From the lender's side, the number of lenders reached 9.06 million entities with a value of Rp 14.72 trillion. The collaboration in loan disbursement by institutional lenders (super lenders) during this period was contributed by 41 conventional financial institutions totaling Rp 1.53 trillion.

Editor : Dimas Jarot Bayu

"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."

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Fintech Lending Loan Disbursements Fall to Rp 14.95 Trillion in August 2021

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