Fintech Lending Disbursements Reach Rp 14.26 Trillion in September 2021

The Financial Services Authority (OJK) recorded that fintech lending disbursement reached Rp 14.26 trillion in September 2021. This figure decreased by 4.61% compared to the previous month, which was Rp 14.95 trillion.

However, fintech lending disbursement increased by 109.10% compared to the same period the previous year. In September 2020, fintech lending disbursement was recorded at Rp 6.82 trillion.

Fintech lending loans were disbursed to 21.11 million borrowers in September 2021. This number decreased by 22.47% compared to the previous month. The majority, or 16.55 million borrowers, were from the Java region.

Loans totaling Rp 8.36 trillion, or 58.64%, were given to the productive sector. Of this amount, Rp 3.50 trillion was for sectors other than other business fields.

Loans disbursed to the wholesale and retail trade sector reached Rp 1.86 trillion. Meanwhile, loans to the household sector were recorded at Rp 526.39 billion.

From the lender's side, the number reached 9.73 million entities with a value of Rp 14.09 trillion. The collaboration of loan disbursement by institutional lenders (super lenders) during this period was contributed by 46 conventional financial institutions totaling Rp 1.73 trillion.