Easycash Supports OJK's Steps To Evaluate Online Loan Policy

Illustration of online loans (photo: GoodStates)

JAKARTA - PT Indonesia Fintopia Technology (Easycash) appreciates the steps taken by the Financial Services Authority (OJK) which has listened to input from industry players regarding the evaluation of the implementation of the maximum economic benefits limit policy for fintech industry players P2P lending licensed and supervised by the OJK.

According to the President Director of Easycash, Dicky Poedjiardjo Djatmiko, this evaluation is important, considering the interest in online loans that have continued to grow since its appearance in 2017.

This fact can be seen from the cumulative number of accounts of recipients of funds (barrowers) which have reached 135 million accounts and the total loan value disbursed which reached 950 trillion Rupiah as of August 2024.

"We hope that the benchmark interest rate policy of 0.3% per day can be maintained in 2025. With the maintenance of this daily interest rate, the accessibility and liquidity of loans for unbanked and underbanked communities will be better maintained," explained Nucky.

Because according to him, accessibility is an important factor because of limited access to unbanked and underbanked communities to cash loans, including due to lack of credit history or lack of capital or guarantees as a condition for borrowing.

Meanwhile, the need for loans in this circle is still relatively high. This condition is often one of the causes of the rise of illegal lending practices.

"To be able to serve this segment, a healthy and stable economic benefit value is needed for funders, as well as a growth space for the Pindar platform to increase service innovation so that the level of financial inclusion can continue to grow and reach various demographics of people in need," added Nucky.

As support for the government's efforts, Easycash routinely educates the public about financial management and how to identify licensed online loan services.

"The number of Pindar platforms that are licensed and supervised by the OJK currently has 97 entities, while the number of illegal loans that have been closed alone has reached 9,180 entities. This shows how important collaboration between OJK and industry players is to maintain licensed and reliable access to funding for the community," he said.