RI's Public Debt To Pinjol Reaches IDR 83.52 Trillion

Illustration: Photo: Doc. ANTARA

JAKARTA - The Financial Services Authority (OJK) reported that as of June 2025 the total outstanding financing from the online loan industry or peer-to-peer (P2P) lending reached IDR 83.52 trillion or grew by 25.06 percent year on year (yoy) compared to the same period last year.

"In the online loan or lender industry, outstanding financing in June 2025 grew 25.06 percent (yoy) with a nominal value of Rp. 83.52 trillion," said the Chief Executive of the OJK PVML Institution, Agusman, at a press conference, Monday, August 4.

On the other hand, he said that the OJK also noted that credit risk in this sector is still within controllable limits.

The level of non-performing loans (TWP90) was recorded at 2.85 percent in June 2025, a decrease compared to May which was at the level of 3.19 percent, and April at 2.93 percent.

He added that Buy Now Pay Later (BNPL) financing also increased by 56.26 percent (yoy) to Rp8.56 trillion with a gross gross non-performing financing (NPF) rate of 3.25 percent.

Meanwhile, other financing sectors such as the multifinance industry also experienced growth of 1.96 percent (yoy) to Rp501.83 trillion.

Meanwhile, this increase was mainly driven by investment financing growth of 8.16 percent (yoy), although the growth rate was slowing compared to the previous months which had recorded double digits.

During the period June 2025, Agusman said that OJK also imposed administrative sanctions on a number of non-bank financial sector players, including 19 finance companies, 3 venture capital companies, and 30 P2P lending organizers.

He conveyed that this sanction was given as a result of periodic supervision and follow-up on findings of violations of regulations.

Agusman menambahkan, hingga akhir Juni 2025, masih terdapat 11 dari 96 penyelenggara pinjol yang belum memenuhi persyaratan ekuitas minimum sebesar Rp12,5 miliar.

Dari jumlah tersebut, lima lainnya sedang dalam proses analisis atas permohonan peningkatan modal disetor.

"OJK terus melakukan langkah-langkah yang diperlukan berdasarkan action plan supaya pemenuhan kewajiban ekuitas minimum dimaksud, baik berupa injeksi modal dari pemegang saham, maupun dari strategic investor lokal atau asing yang kredible, termasuk opsi pengembalian izin usaha," jelasnya.

Agusman added, until the end of June 2025, there were still 11 of the 96 loan providers who had not met the minimum equity requirements of IDR 12.5 billion.

Of these, the other five are in the process of analyzing the application for an increase in paid capital.

"OJK continues to take the necessary steps based on the action plan so that the fulfillment of the minimum equity obligation is in the form of capital injection from shareholders, as well as from strategic local or foreign investors who are credible, including the option of restoring business licenses," he explained.