OJK Reframes P2P Lenders: Professional vs Non-professional

Jakarta — The Financial Services Authority (OJK) has introduced the distinction between professional lenders and non-professional lenders in the online lending industry (pindar), also known as online lending (pinjol). This categorisation will differentiate the amount of financing that may be channelled through fintech peer-to-peer lending. Agusman, the Executive Director of the Supervisory Board for Financing Institutions, Venture Capital Firms, Microfinance Institutions, and Other Financial Service Institutions at OJK, said that the rules relating to professional lenders have been included in regulations issued last year. ‘We have told the industry to get ready,’ he said after a press conference on Financial Services Sector Assessment and OJK Policy on Tuesday (3 March 2026). Agusman explained that the rules will begin to be implemented at the start of 2027. In the SEOJK, professional lenders must meet criteria: at least 18 years old or already married. Professional lenders may fund financing to fintech lending at most 20 percent of their annual income for a single operator. This professional lender category includes foreign nationals, Indonesian legal entities, foreign legal entities, Indonesian business entities, foreign business entities or international institutions. Meanwhile, non-professional lenders are those who meet criteria of at least 18 years old or already married. Non-professional lenders may fund fintech lending at most 10 percent of their annual income with a single operator. In the circular, the outstanding funding ratio of non-professional lenders to total outstanding funding by all lenders must be no more than 20 percent. In the same circular, the regulator also sets a maximum funding limit for each recipient of funds for consumptive and productive purposes at Rp 2 billion. Also read: Young workers urged to use pindar productively and responsibly.