Outstanding Loans from Online Lenders Reach Rp1.9 Trillion by the End of the First Semester of 2024

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Adi Ahdiat 21/08/2024 10:52 WIB

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Based on OJK data, the value of non-performing loans (NPLs) for online lending platforms in June 2024 reached almost Rp1.9 trillion, equivalent to 2.79% of the total outstanding loans.

Value and Ratio of Non-Performing Loans (NPL) of Online Lenders in Indonesia (January 2022-June 2024)

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Value and Ratio of Non-Performing Loans (NPL) of Online Lenders in Indonesia (January 2022-June 2024)

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Based on data from the Financial Services Authority (OJK), the total value of outstanding online loans (pinjol) nationwide reached Rp66.79 trillion by June 2024.

Almost Rp1.9 trillion of this, precisely Rp1.86 trillion (2.79%), is classified as non-performing loans or loans with payments overdue by more than 90 days from the due date.

The value of non-performing online loans in June 2024 decreased compared to the previous month, as did its ratio to the total loans, as shown in the graph.

In June 2024, the largest amount of non-performing online loans originated from individual users, amounting to Rp1.33 trillion, followed by businesses at Rp527 billion.

*Editor's Note: The data in this article has been updated on November 22, 2024, to reflect updated data from the OJK.*

Editor : Adi Ahdiat

"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."