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North Sumatra, the Province with the Highest Online Loan Usage Outside of Java

Cindy Mutia Annur 12/09/2022 12:40 WIB

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Online loan disbursement in July 2022 outside Java was highest in North Sumatra, reaching a total of Rp419.12 billion, or 2.20% of the national total.

Provinces Outside Java with the Highest Disbursement of Online Loans (July 2022)

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Provinces Outside Java with the Highest Disbursement of Online Loans (July 2022)

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The Financial Services Authority (OJK) report shows that the disbursement of online loans or peer-to-peer (P2P) lending fintech reached Rp18.99 trillion in July 2022, down 8.12% from the previous month.

Online loan disbursement in July 2022 outside Java was highest in North Sumatra, totaling Rp419.12 billion, or 2.20% of the national total.

South Sulawesi ranked second outside Java with online disbursements of Rp324.63 billion, followed by South Sumatra at Rp307.44 billion, Lampung at Rp240.70 billion, and Bali at Rp234.93 billion.

Next were East Kalimantan, Riau, and West Sumatra, with online loan disbursements of Rp216.37 billion, Rp186.54 billion, and Rp180.48 billion, respectively. This was followed by North Sulawesi at Rp164.22 billion and South Kalimantan at Rp152.09 billion.

The lowest online loan disbursement outside Java in July 2022 was in West Papua, at only Rp15.83 billion.

Cumulatively, online loan disbursement outside Java totaled Rp3.50 trillion in July 2022. This means that this region accounted for only 18.43% of national online loan disbursement.

Meanwhile, online loan disbursement in Java amounted to Rp15.49 trillion, equivalent to 81.56% of the total national online loan disbursement.

Editor : Annissa Mutia

"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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