OJK Cracks Down on 951 Illegal Online Lenders Through February 2026
JAKARTA, KOMPAS.com – The Financial Services Authority (OJK) reports that it has identified and halted as many as 951 illegal online lending entities (pinjol) as of 26 February 2026.
Acting Chair and Vice Chair of the OJK Board of Commissioners Friderica Widyasari said that in addition to that number, the Satgas Pemberantasan Aktivitas Keuangan Ilegal (Satgas Pasti) also uncovered two illegal investment entities by the end of February.
“Satgas Pasti followed up on the complaints by stopping 953 illegal pinjol entities and illegal investment offerings on several sites and apps that could harm the public,” she said at a press conference on the Assessments of Financial Services Sector and OJK Policy, on Tuesday 3 March 2026.
The woman commonly known as Kiki added that during the same period, the OJK received 1,295 complaints related to illegal investments and 5,470 complaints related to illegal online lending.
Meanwhile, the legal online lending industry (pindar) continued to record double-digit growth in its financing disbursement.
In the same event, Agusman, Executive Director of Supervision for Financing Institutions, Venture Capital Companies, Microfinance Institutions, and Other Financial Services Institutions at the OJK, explained that the online lending industry (pindar) recorded outstanding financing in January 2026 of Rp 98.54 trillion, up 25.52 percent year-on-year (YoY).
In December 2025, pindar financing also grew double-digit to 25.44 percent year-on-year.
Meanwhile, the aggregate non-performing credit risk (TWP90) rose slightly to 4.38 percent.
By comparison, the non-performing credit rate for pindar in December 2025 stood at 4.32 percent.
Further, Agusman explained that nine of the 95 pindar organisers have not met the minimum paid-in equity requirement of Rp 12.5 billion.
He outlined that these organisers had submitted action plans to the OJK detailing steps to meet the obligation.
“Among other things, through increased paid-in capital by existing shareholders, seeking strategic investors, or pursuing a merger,” he said.
For information, during February 2026 the OJK had imposed administrative sanctions on 22 pindar organisers.
“OJK hopes that the enforcement of compliance and imposition of sanctions will encourage PVML sector players to strengthen governance, prudence, and compliance with applicable regulations so that they can perform better and contribute more effectively,” he said.