OJK Urged to Prepare Mitigation for Rising Bad Loans in Online Lending Industry
Jakarta (ANTARA) - Financial consultant and planner Elvi Diana has urged the Financial Services Authority (OJK) to prepare mitigation measures against the rising risk of bad credit, or 90 Days Past Due (TWP90), in the online lending (pindar) industry.
The request was made following OJK data showing that the aggregate TWP90 rate for the online lending industry up to May 2026 remained above the 4 percent threshold. According to OJK records, 18 online lending providers had TWP90 rates above 5 percent.
Elvi stated in a written release in Jakarta on Thursday that this condition signals that strengthening governance and risk management in the online lending industry cannot be postponed.
“The data shows the need for stronger mitigation measures from OJK so that bad credit risk does not grow further and impact the stability of the digital financing industry as well as consumer protection,” said Elvi.
In addition, Elvi stressed the importance of strengthening risk management systems so that every provider is able to identify, measure, monitor, and control potential defaults from the outset.
“Strengthening risk management must be a priority. Providers must not be solely oriented towards loan disbursement growth, but must also maintain the quality of their financing portfolios,” she asserted.
Elvi also encouraged improving the quality of credit scoring systems through the use of more comprehensive and accurate data so that the assessment process for prospective borrowers becomes better.
“Evaluation of credit scoring models needs to be carried out periodically so that they can keep pace with changes in the public’s risk profile. In this way, financing disbursement becomes healthier and the level of non-performing credit can be reduced,” she said.
Furthermore, Elvi reminded that the success of the online lending industry is not only measured by the size of loan disbursement values, but also by the ability to maintain asset quality and public trust.
She expressed hope that OJK will continue to strengthen its supervisory function over providers with high TWP90 rates, while encouraging improvements in governance so that the online lending industry continues to grow in a healthy and sustainable manner and is able to provide benefits to the public without sacrificing consumer protection aspects.