Indonesian Public's Online Loan Debt Reaches Rp 101 Trillion, Grows 26.25 Percent

The Financial Services Authority (OJK) has revealed that Indonesia’s public debt from online loans (pinjol) or peer-to-peer (P2P) lending financial technology financing has reached more than Rp 101 trillion. This figure has grown by approximately 26 percent year-on-year (yoy).

“In the online lending industry or pindar, the outstanding financing as of March 2026 grew 26.25 percent (yoy) to a nominal value of Rp 101.03 trillion,” stated the Executive Head of Supervision for Financing Institutions, Venture Capital Companies, Microfinance Institutions, and Other Financial Service Institutions (PVML) of OJK, Agusman, during the online press conference for the May 2026 Commissioners’ Meeting on Tuesday (5/5/2026).

Agusman reported that the 90-day delinquency rate or TWP90 in the P2P lending industry as of March 2026 reached 4.52 percent. This figure is slightly lower than the previous month’s TWP90, which was recorded at 4.54 percent. The TWP90 position remains below the threshold set by OJK, which is 5 percent.

“The aggregate non-performing credit risk rate or TWP90 is recorded at 4.52 percent,” he explained.

On that occasion, Agusman also provided data on financing disbursements in the pawnshop industry as of March 2026. The pawnshop industry’s growth was recorded at more than 60 percent.

“In the pawnshop industry, financing disbursements as of March 2026 grew by 60.27 percent (yoy) to Rp 153.49 trillion,” he said.

He noted that the largest pawnshop industry financing was disbursed in the form of pawn products, amounting to Rp 127.90 trillion. This figure accounts for 83.33 percent of the total financing disbursed by the pawnshop industry.

Meanwhile, venture capital financing as of March 2026 experienced a contraction of 0.95 percent (yoy) with a financing value of Rp 16.57 trillion.

Overall, OJK recorded that in the PVML sector, financing receivables from financing companies grew by 0.61 percent (yoy) as of March 2026 to Rp 514.09 trillion. Agusman stated that this was mainly supported by an increase in working capital financing of 6.15 percent (yoy).

Agusman explained that the risk profile of financing companies is maintained, with the gross non-performing financing (NPF) ratio recorded at 2.83 percent and the net NPF at 0.8 percent. The gearing ratio of financing companies is recorded at 2.17 times, which is below the maximum limit of 10 times.