Growing Slightly, Multifinance Financing Throughout October Only IDR 505.30 Trillion

Illustration. (Photo: Doc. Antara)

JAKARTA - The Financial Services Authority (OJK) revealed that multifinance company financing receivables only grew 0.68 percent yoy in October 2025 when compared to the previous month which was recorded at 1.07 percent yoy.

Chief Executive of the Supervision of Financing Institutions, Ventura Capital Companies, Micro Financial Institutions and Other Financial Services Institutions OJK Agusman said the value of receivables in October was IDR 505.30 trillion.

"This figure is supported by working capital financing which grew by 9.28 percent yoy," said Agusman, Thursday, December 11.

He added that the risk profile of finance companies was also maintained with a gross Non Performing Financing (NPF) ratio of 2.47 percent and a net NPF of 0.83 percent.

"The Gearing ratio of PP was recorded at 2.15 times and was below the maximum limit of 10 times," continued Agusman.

Furthermore, venture capital financing in October 2025 contracted 0.10 percent yoy with a financing value of IDR 16.30 trillion.

In the Online Loans (Pindar) industry, outstanding financing in October 2025 grew 23.86 percent yoy, with a nominal value of IDR 92.92 trillion. The aggregated credit risk rate (TWP90) is in the position of 2.76 percent.

In the pawnshop industry, financing distribution in October 2025 grew by 38.89 percent yoy to Rp120.45 trillion with a maintained credit risk level.

The largest financing for the pawnshop industry is distributed in the form of Gadai products, which amount to IDR 98.74 trillion or 81.99 percent of the total disbursed financing.

Berdasarkan Sklik, pembiayaan Buy Now Pay Later (BNPL) oleh Perusahaan Pembiayaan pada Oktober 2025 meningkat sebesar 69,71 persen yoy, atau menjadi Rp10,85 triliun dengan NPF gross sebesar 2,79 persen.