Surpassing Rp100 Trillion, Indonesians' Online Loan Debt Surges 25 Percent

The Financial Services Authority (OJK) has reported significant growth in the national online lending (pinjol) industry. As of February 2026, total outstanding online loan financing reached Rp100.69 trillion, representing a 25.75% year-on-year increase.

OJK’s Executive Head of PVML Supervision, Agusman, presented this data during the March 2026 Monthly Commissioners’ Meeting Press Conference in Jakarta, as quoted from Antara on Monday (6/4).

Although the nominal value has risen sharply, OJK notes that the non-performing loan ratio over 90 days (TWP90) remains manageable at 4.54%. This figure has seen a slight increase from 4.38% in January 2026 but stays below the safe threshold of 5%.

In addition to the online lending sector, the pawnshop industry has also demonstrated impressive performance, with financing growth reaching 61.78% year-on-year to Rp152.40 trillion. Conventional pawn products continue to dominate, contributing Rp126 trillion or 83.01% of total financing.

Overall, in the PVML (Financing, Venture Capital, and Other Financial Institutions) sector, outstanding financing grew by 1.01% to Rp512.14 trillion. This growth was driven by an 8.31% increase in working capital financing.

The risk profile of financing companies is also well-maintained, with a gross non-performing financing (NPF) ratio of 2.78%, well below the maximum limit of 5%.

OJK Chairperson Friderica Widyasari Dewi emphasised that the performance of the national financial services sector remains stable up to March 2026. However, OJK is wary of the escalation of conflicts in the Middle East, which could potentially affect financial stability through three main channels.

OJK has instructed Financial Services Institutions (LJK) to strengthen anticipatory measures, maintain adequate liquidity, and bolster forward-looking risk management.