OJK to Apply a 30 Percent Loan Debt Ratio Limit in 2026 Starting in Stages

JAKARTA - The Financial Services Authority (OJK) plans to tighten the maximum debt ratio limit on online loan services (pindar).

The provision is regulated in the OJK Circular (SEOJK) Number 19 of 2025 concerning the Implementation of LPBBTI, which is a derivative rule from POJK Number 40 of 2024.

The Head of the Executive of the Financial Institution Supervisory Board, Venture Capital Company, Micro Finance Institution, and Other Financial Services Institution of the OJK, Agusman, said that the limit of the pindar debt ratio would be tightened to a maximum of 30 percent of total income and the implementation of this policy would be carried out gradually starting this year.

"The maximum debt-to-income ratio limit has been regulated in SEOJK 19/2025 concerning the Implementation of LPBBTI as a derivative of POJK 40/2024. OJK continues to monitor its implementation gradually, which is tightened to 30 percent in 2026," he said in a written statement, quoted Monday, January 12.

Agusman said that currently, OJK is focusing on ensuring the readiness of industry players while strengthening supervision.

He added that one of the main concerns was the implementation of a more mature risk assessment system and creditworthiness.

"Currently, the focus is on strengthening industry supervision and readiness, especially the maturation of the risk assessment and credit scoring system, so that the transition to the 30 percent limit can run effectively without disrupting the distribution of funding," he said.

Agusman added that this aspect is an important part of supervision both offsite and onsite.

Based on OJK data, as of November 2025 there are 24 pindar organizers who have a problem credit rate or TWP90 above 5 percent.

He said that OJK continues to take steps to provide guidance, including through requests for action plans that are closely monitored.

"If violations of the provisions are found, OJK can impose administrative sanctions, including the temporary suspension of the distribution of funding and restrictions on the acceptance of new lenders," he said.

In addition, Agusman conveyed that OJK also appealed to pindar organizers to strengthen risk management and collection strategies to maintain the quality of financing to remain healthy.