Top 10 Provinces with the Highest Peer-to-Peer Lending Debt (Mid-2024)

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Nabilah Muhamad 21/08/2024 16:55 WIB

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According to the Financial Services Authority (OJK) report, West Java had the highest value of online lending debt in June 2024, reaching Rp17.32 trillion, or 26% of the national total.

Top 10 Indonesian Provinces with the Highest Outstanding Peer-to-Peer Lending Debt (June 2024)

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Top 10 Indonesian Provinces with the Highest Outstanding Peer-to-Peer Lending Debt (June 2024)

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Based on a report by the Financial Services Authority (OJK), as of June 2024, there were 18.33 million online loan recipients (pinjol) in Indonesia. These borrowers had a total outstanding loan of Rp66.99 trillion.

West Java had the highest outstanding online loan in Indonesia in June 2024, reaching Rp17.33 trillion, or 26% of the national total. West Java consistently held the highest outstanding online loan throughout the first half of 2024.

Following West Java were DKI Jakarta with Rp11.62 trillion and East Java with Rp8.59 trillion in outstanding online loans.

West Papua had the lowest outstanding online loan at Rp74 billion, followed by North Kalimantan at Rp83 billion and North Maluku at Rp105 billion.

The following is a list of the top 10 provinces with the highest outstanding online loans in Indonesia as of June 2024:

1. West Java: Rp17.33 trillion
2. DKI Jakarta: Rp11.62 trillion
3. East Java: Rp8.59 trillion
4. Banten: Rp5.47 trillion
5. Central Java: Rp5.27 trillion
6. North Sumatra: Rp2.17 trillion
7. South Sulawesi: Rp1.48 trillion
8. South Sumatra: Rp1.27 trillion
9. West Sumatra: Rp1.14 trillion
10. Riau: Rp1.08 trillion

Overall, Indonesian online loan users had a 97.21% 90-day repayment rate (TKB90) in June 2024. This means that approximately 97 out of 100 online loan users successfully repaid their loans within 90 days of the due date.

The proportion of non-performing loans (TWP90) was only 2.84%. This means that about 3 out of 100 online loan users failed to repay their loans within 90 days of the due date.

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."