Despite an Increase, Online Loan Disbursement Outside Java Remains Low

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Cindy Mutia Annur 06/01/2023 13:54 WIB

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The Financial Services Authority (OJK) reports that the disbursement of online loans outside Java has tended to increase throughout January-November 2022. However, the amount remains low compared to d

Online Loan Disbursement in Java and Outside Java (January-November 2022)

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Online Loan Disbursement in Java and Outside Java (January-November 2022)

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The Financial Services Authority (OJK) report shows that the disbursement of online loans, also known as *fintech peer-to-peer lending*, outside Java has tended to increase throughout January-November 2022.

In November 2022, the amount of online loan disbursement outside Java reached Rp3.68 trillion. This figure increased slightly by 0.82% month-to-month (mtm) from Rp3.65 trillion in the previous month.

The amount of online loan disbursement outside Java in November 2022 was not as high as in March, which reached Rp4.47 trillion. However, loan disbursement over the past eleven months has tended to increase steadily from Rp2.39 trillion in January 2022.

Outside Java, North Sumatra province received the largest online loan disbursement in November 2022, reaching Rp452.46 billion. Meanwhile, disbursement to North Maluku was the lowest at only Rp16.55 billion.

Although increasing, online loan disbursement outside Java is still significantly lower compared to Java. The majority of online loans in Java throughout January-November 2022 fluctuated, ranging from Rp11 trillion to Rp18.6 trillion per month.

The province that received the largest online loan disbursement in November 2022 was DKI Jakarta at Rp4.92 trillion, while the lowest was in Yogyakarta Special Region at Rp256.35 billion.

Editor : Padjar Iswara

"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."