OJK: Online Loan Disbursements Reach Rp20.67 Trillion in June 2022

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Cindy Mutia Annur 09/08/2022 10:20 WIB

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The Financial Services Authority (OJK) recorded that the disbursement of online loans or peer-to-peer lending fintech reached Rp20.67 trillion in June 2022. This figure is up 11% from the previous mon

Total Online Loan Disbursements (June 2021 - June 2022)

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Total Online Loan Disbursements (June 2021 - June 2022)

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The Financial Services Authority (OJK) recorded that the disbursement of online loans or peer-to-peer (P2P) lending fintech reached Rp20.67 trillion in June 2022. This figure increased by 11% month-on-month (mom) compared to May 2022, which amounted to Rp18.62 trillion.

Year-on-year (yoy), loan disbursement increased by approximately 39.76% compared to June 2021, which totaled Rp14.79 trillion.

Online loans in June 2022 were disbursed to 17.18 million borrowers. The number of borrowers increased by 4.81% (mom) compared to the previous month. A majority, 14.07 million borrowers (81.89% of the national total), were from the Java region.

Rp8.87 trillion (42.93%) of loans were allocated to the productive sector. Of this amount, Rp3.11 trillion was lent to the wholesale and retail trade sector.

Loans disbursed to the agriculture, forestry, and fisheries sectors reached Rp201.02 billion, while loans to the manufacturing industry totaled Rp120.91 billion.

On the lender side, there were 10.72 million entities with a value of Rp20.41 trillion. Cooperation in loan disbursement by institutional lenders (super lenders) during this period was contributed by 369 conventional financial institutions, amounting to Rp3.01 trillion.

Editor : Annissa Mutia

"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."

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