Indonesian Online Loan Debt Soars to Rp105 Trillion as of June 2026

The Financial Services Authority (OJK) recorded that outstanding financing in the online lending (pindar) industry, commonly known as peer-to-peer (P2P) lending, continued to accelerate, reaching a value of Rp105.14 trillion as of June 2026, growing 25.88% year-on-year (yoy).

Agusman, Chief Executive of the Financing Institutions, Venture Capital Companies, Microfinance Institutions, and Other Financial Services Institutions (PVML) Supervisor and Member of the OJK Board of Commissioners, revealed that this growth is among the highest in the financial services sector under his supervision. “In the pindar industry, outstanding financing grew 25.88% yoy to a value of Rp105.14 trillion,” Agusman stated during a virtual press conference for the OJK Monthly Board of Commissioners Meeting on Tuesday (4/8/2026).

Despite the rapid growth, the quality of financing in the industry remains under close scrutiny, with the OJK recording a non-performing loan rate for loans overdue by more than 90 days (TWP90) at 4.26% in June 2026.

The 25.88% yoy growth in pindar significantly outpaced other sectors under PVML supervision. For comparison, receivables from finance companies (multifinance) in the same period grew by only 1.88% yoy to Rp511.26 trillion, supported by a 6.36% yoy increase in working capital. Meanwhile, venture capital financing in June 2026 contracted by 0.44% yoy, with a total financing value of Rp16.48 trillion. On the other hand, the pawnshop industry recorded significant growth, with financing distribution rising 54.47% yoy to Rp162 trillion, of which 84% was channelled to pawn products.

Thus, although the nominal outstanding value of pindar is still much smaller compared to the receivables of finance companies, which reached Rp511.26 trillion, the expansion rate of pindar was recorded as the fastest among all PVML industry lines, confirming the trend of shifting public financing preferences towards digital platforms.