Fintech Lending Disbursements Reach Rp 169.5 Trillion by February 2021

Cindy Mutia Annur 28/04/2021 11:30 WIB

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Indonesia's Financial Services Authority (OJK) recorded a cumulative disbursement of Rp 169.51 trillion in loans from fintech lending platforms by February 2021, a 6.23% year-to-date (YTD) growth from

Accumulation of Fintech Lending Loans in Indonesia (February 2020-2021)

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Accumulation of Fintech Lending Loans in Indonesia (February 2020-2021)

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The Financial Services Authority (OJK) recorded the accumulated value of loan disbursement from fintech lending in Indonesia reaching Rp 169.51 trillion by February 2021. This value increased by 6.23% year-to-date (YTD) since the end of 2020.

Accumulated loan disbursement is still dominated by the Java region, which grew by 5.94% to Rp 143.89 trillion (YTD). Meanwhile, disbursement outside Java grew by 7.89% to Rp 25.62 trillion (YTD).

The accumulated number of borrowers nationwide reached 49.2 million entities by February 2021. Meanwhile, the accumulated number of lenders amounted to 594.3 thousand entities. There were 148 registered online lending fintech players recorded with the financial authority, consisting of 138 registered and licensed conventional fintech and 10 registered and licensed sharia fintech by February 2021.

Editor : Dimas Jarot Bayu

"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."