January 2020, Fintech Lending Loan Disbursement Accumulated a 240% Increase

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Andrea Lidwina 12/03/2020 10:50 WIB

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The cumulative value of disbursed loans from Indonesian fintech lending companies reached Rp 88.4 trillion by January 31, 2020, representing a year-on-year increase of almost 240%.

Top 10 Provinces with the Highest Accumulated Fintech Lending Disbursement Value (as of January 31, 2020)

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Top 10 Provinces with the Highest Accumulated Fintech Lending Disbursement Value (as of January 31, 2020)

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The accumulated value of loan disbursement from fintech lending in Indonesia reached Rp 88.4 trillion throughout January 2020, a nearly 240% year-on-year increase. DKI Jakarta and West Java were the provinces with the largest disbursements, at Rp 27.1 trillion and Rp 24 trillion respectively.

Significant loan disbursements also occurred in East Java (Rp 9.6 trillion), Banten (Rp 8.2 trillion), and Central Java (Rp 5.8 trillion). Disbursements in the range of Rp 1 trillion were seen in North Sumatra, Bali, South Sumatra, South Sulawesi, and Yogyakarta Special Region.

Furthermore, 139 fintech lending companies are registered with the Financial Services Authority (OJK), with 25 holding licenses from the authority.

Editor : Safrezi Fitra

"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."