Fintech Lending Disbursements Reach Rp 14.79 Trillion in June 2021

Monthly fintech lending disbursement increased again. The Financial Services Authority (OJK) recorded a value of Rp 14.79 trillion in June 2021. This figure represents a 12.36% increase compared to the previous month's Rp 13.16 trillion.

This recorded disbursement was the highest in the last year, showing a 245.56% increase compared to the same period the previous year.

In June 2021, monthly loans were disbursed to 25.3 million borrowers. The majority of borrowers were from the Java region, totaling 19.77 million people.

Rp 7.56 trillion, or 51.14% of the total monthly fintech lending disbursement in June 2021, was allocated to the productive sector. This includes Rp 3.22 trillion for sectors other than miscellaneous business, Rp 1.58 trillion for wholesale and retail trade, and Rp 594.09 billion for households.

From the lender's perspective, there were 8.96 million entities with a value of Rp 14.74 trillion. Cooperation in loan disbursement by institutional lenders (super lenders) during this period contributed Rp 1.52 trillion from 61 conventional financial institutions.