West Java Dominates National Online Loan Disbursements in March 2023

According to a report by the Financial Services Authority (OJK), the disbursement of fintech lending or online loans (pinjol) in Indonesia reached Rp19.73 trillion in March 2023. West Java dominated national loan disbursement.

Recorded disbursement of online loans in West Java reached Rp5.15 trillion in March 2023. This means that 26.1% of Indonesia's online loan disbursement was directed to borrowers in that province.

DKI Jakarta ranked second with the largest online loan disbursement, reaching Rp4.19 trillion. Disbursement from this province amounted to 21.23% of the total national loan disbursement.

Next, East Java, Banten, and Central Java had online loan disbursements of Rp2.75 trillion, Rp1.73 trillion, and Rp1.47 trillion, respectively.

Here are the top 10 provinces with the highest online loan disbursement in March 2023:

1. West Java: Rp 5.15 trillion
2. DKI Jakarta: Rp 4.19 trillion
3. East Java: Rp 2.75 trillion
4. Banten: Rp 1.73 trillion
5. Central Java: Rp 1.47 trillion
6. North Sumatra: Rp 511.89 billion
7. South Sumatra: Rp 347.37 billion
8. South Sulawesi: Rp 312.6 billion
9. Yogyakarta Special Region: Rp 312.45 billion
10. Lampung: Rp 288.80 billion

On the other hand, the province with the lowest online loan disbursement in March 2023 was North Kalimantan, at only Rp19.9 billion. This was followed by West Papua at Rp22.84 billion.

Here are the 10 provinces with the lowest online loan disbursement in March 2023:

1. North Kalimantan: Rp 19.9 billion
2. West Papua: Rp 22.84 billion
3. North Maluku: Rp 22.95 billion
4. West Sulawesi: Rp 26.02 billion
5. Maluku: Rp 34.91 billion
6. Papua: Rp 46.64 billion
7. Nangroe Aceh Darussalam: Rp 54.69 billion
8. Southeast Sulawesi: Rp 59.57 billion
9. East Nusa Tenggara: Rp 65.31 billion
10. Bengkulu: Rp 67.87 billion

Based on region, Java still dominated online loan disbursement in March 2023, reaching Rp15.62 trillion or 79.16% of the total national online loan disbursement.