September 6, 2025 | 12:00 pm
TEMPO.CO, Jakarta - Indonesia's Financial Services Authority (OJK) recorded that financing distributed by the peer-to-peer (P2P) lending, or online loan, industry reached Rp84.5 trillion in July 2025, up from Rp83.5 trillion in June.
The figure represents 22.01 percent year-on-year growth, reflecting a steady upward trend in digital lending, according to Agusman, Executive Head of the Supervisory Agency for Financing Institutions, Venture Capital Companies, Microfinance Institutions, and Other Financial Institutions (PVML).
Steady Growth in Online Lending
OJK data shows consistent expansion in the sector. In December 2023, total P2P loan disbursements were valued at Rp59.4 trillion. By July 2024, the figure had risen to Rp69.39 trillion, before climbing further this year.
Credit Risk Slightly Declines
The industry’s risk profile also improved. The 90-day Non-Performing Loan (NPL) ratio stood at 2.75 percent in July 2025, down from 2.85 percent in June. The NPL indicates the share of loans in default or overdue for more than 90 days.
Agusman emphasized that overall conditions remain stable. “In the PVML sector, financing receivables from Financing Companies grew by 1.79 percent year on year in July 2025, reaching Rp502.95 trillion. This was supported by working capital financing, which rose 8.86 percent,” he said at a press conference after the OJK Board of Commissioners’ meeting on Thursday, September 4, 2025.
Sanctions for Industry Violations
Beyond monitoring performance, OJK has stepped up enforcement to ensure compliance and consumer protection across the PVML sector.
In August 2025, the authority imposed administrative sanctions on a range of institutions, including 24 Financing Companies, 5 Venture Capital Firms, 19 Online Lending Platforms, 28 Private Pawnshops, 1 Special Financial Institution, and 8 Microfinance Institutions.
The sanctions consisted of 32 fines and 129 written warnings, targeting violations from operational mismanagement to breaches of consumer protection regulations.
The sanctions included 32 fines and 129 written warnings, targeting violations ranging from operational mismanagement to consumer protection breaches.
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