Disbursement of Fintech Lending Loans totaling Rp 12.97 Trillion in November 2021

The Financial Services Authority (OJK) report shows that fintech lending disbursement reached Rp 12.97 trillion in November 2021. This figure decreased by 4.70% compared to the previous month, which was Rp 13.61 trillion.

However, fintech lending disbursement increased by 50.98% compared to the same period the previous year. In November 2020, fintech lending disbursement was recorded at Rp 8.59 trillion.

Fintech lending loans were disbursed to 12.67 million borrowers in November 2021. The number of borrowers decreased by 2.16% compared to the previous month. The majority, or 10.04 million borrowers, were from the Java region.

Rp 8.20 trillion or 63.22% of loans were disbursed to the productive sector. Of this amount, Rp 2.98 trillion was lent to sectors other than other business fields.

Loans disbursed to the wholesale and retail trade sector reached Rp 1.96 trillion. Meanwhile, loans to the household sector were recorded at Rp 504.29 billion.

From the lender's side, the number reached 10.28 million entities with a value of Rp 12.92 trillion. Cooperation in loan disbursement by institutional lenders (super lenders) during this period was contributed by 62 conventional financial institutions totaling Rp 1.79 trillion.

Meanwhile, fintech lending disbursement has been declining for the past five months. Previously, fintech lending disbursement had reached Rp 15.66 trillion in July 2021.