Fintech Lending Disbursements Reach Rp 13.16 Trillion in May 2021

Monthly fintech lending disbursements increased again. The Financial Services Authority (OJK) recorded a value of Rp 13.16 trillion in May 2021, an 8% increase from the previous month.

This was the highest disbursement in the last year. The previous highest disbursement in the last year was in April 2021, reaching Rp 12.18 trillion.

In May 2021, monthly loans were disbursed to 38.7 million borrowers. The majority of borrowers were from the Java region, totaling 33.51 million people.

Rp 6.99 trillion, or 53.15% of the total monthly fintech lending disbursement in May 2021, was allocated to the productive sector. This includes Rp 3.07 trillion for sectors other than other business fields, Rp 1.40 trillion for wholesale and retail trade, and Rp 544.98 billion for households.

From the lender's side, there were 8.72 million entities with a value of Rp 13.86 trillion. The collaboration of loan disbursement by institutional lenders (super lenders) during this period was contributed by 54 conventional financial institutions totaling Rp 1.12 trillion and one government institution totaling Rp 23 billion.