Based on a report by the Financial Services Authority (OJK), as of August 2023, there were approximately 19.12 million online loan recipients (pinjol) throughout Indonesia.
These borrowers had a total outstanding loan value of Rp53.11 trillion.
In August 2023, Bali ranked 10th nationally in terms of outstanding online loan debt, reaching Rp801.44 billion. This is equivalent to 1.5% of the total online loan debt in Indonesia.
Meanwhile, the rankings from 1st to 9th remained the same as in July 2023.
West Java remained at the top as the province with the largest national online loan debt, reaching Rp14.79 trillion in August 2023. This is equivalent to 27.84% of the total online loan debt in Indonesia.
Similarly, DKI Jakarta occupied second place with online loan debt of Rp10.61 trillion, or 19.97% of the total national online loan debt.
Other provinces with significant online loan debt at the national level include East Java, Banten, Central Java, North Sumatra, South Sumatra, South Sulawesi, and Lampung.
Here are the details of the 10 provinces with the highest outstanding online loan values in Indonesia as of August 2023:
1. West Java: Rp14.79 trillion
2. DKI Jakarta: Rp10.61 trillion
3. East Java: Rp6.44 trillion
4. Banten: Rp4.51 trillion
5. Central Java: Rp3.99 trillion
6. North Sumatra: Rp1.48 trillion
7. South Sumatra: Rp1.01 trillion
8. South Sulawesi: Rp1 trillion
9. Lampung: Rp806.92 billion
10. Bali: Rp801.44 billion
On the other hand, West Papua had the lowest online loan debt in Indonesia in August 2023, at only Rp46.69 billion, followed by North Maluku and North Kalimantan with online loan debt values of Rp52.15 billion and Rp56.76 billion, respectively.
Throughout August 2023, Indonesian online loan users cumulatively had a 90-day repayment rate (TKB90) of 97.12%. This means that approximately 97 out of 100 online loan users successfully repaid their debt within 90 days of the due date.
Meanwhile, the proportion of 90-day default rate (TWP90) was only 2.88%. This means that about 3 out of 100 online loan users failed to repay their debt within 90 days of the due date.