Fintech Lending Disbursements Increased to Rp 13.60 Trillion in December 2021

The Financial Services Authority (OJK) report notes that fintech lending disbursement increased to Rp 13.60 trillion by December 2021. This figure is up 4.86% compared to the previous month, which stood at Rp 12.97 trillion.

Last month's fintech lending disbursement also increased by 40.94% compared to the same period the previous year. In December 2020, fintech lending disbursement was recorded at Rp 9.65 trillion.

Although fintech lending disbursement in December 2021 increased, this figure is not the highest in the last year. The highest disbursement was in July 2021, reaching Rp 15.66 trillion.

Fintech lending was disbursed to 13.47 million borrowers in December 2021. The number of borrowers increased by 6.32% compared to the previous month. The majority, or 10.64 million borrowers, came from the Java region.

Rp 8.96 trillion in loans, or 65.88%, were given to the productive sector. Of this amount, Rp 2.86 trillion was lent to sectors other than other business fields.

Loans disbursed to the wholesale and retail trade sector reached Rp 2.26 trillion. Meanwhile, loans to the household sector were recorded at Rp 668.12 billion.

From the lender's side, the number reached 10.90 million entities with a value of Rp 13.57 trillion. Cooperation in loan disbursement by institutional lenders (super lenders) during this period was contributed by 68 conventional financial institutions totaling Rp 2.07 trillion.