OJK Predicts That Pinjol Will Be Excited Again Ahead Of Eid

Illustration of OJK (Photo: Doc. Antara)

JAKARTA - The Financial Services Authority (OJK) predicts that online loan performance or online loans will be excited ahead of Eid. Especially after COVID-19 has slowed down.

"For online loans, we will see again, hopefully it will continue to be well managed," said Head of the Supervisory Department of Other Financial Services Institutions OJK Triyono Gani quoting Antara.

Although it is estimated that online loan performance this year will increase, this regulator has not been able to provide a percentage, because the COVID-19 pandemic for two years cannot be a benchmark.

Yesterday's pandemic could not be a benchmark that every holiday, it (online loans) would increase. This means, if you talk about the possibility (of increasing) yes, there is," he said.

Meanwhile, he continued, if you look at the activities in the pawnshop industry, they have shown an increase in performance.

Meanwhile, until January 2023, there were 102 legal online loan companies licensed by the OJK.

Based on data on information technology-based joint funding services (fintech lending/online loans) OJK during January-December 2022, online lending reached IDR 19.5 trillion to 13.7 million loan recipients based on accounts throughout Indonesia.

This realization increased when compared to the same period in 2021, reaching Rp13.6 trillion to 13.4 million recipients.

There is also the most nominal realization for online loans, namely in DKI Jakarta, West Java and East Java.

During 2022, OJK recorded 42 percent of online loans absorbed for productive sector loans reaching IDR 8.2 trillion.

Meanwhile, regarding online loan complaints, he said, not in terms of loans, but from loan collection officers who acted more extremely.

"Compared to transactions in other financial institutions, the loan can provide loans within a daily period. There are many transactions, there are many complaints. But we have to see how successful the handling is," he said.