Indonesian Customers' P2P Lending Hit US$5.3 Billion in August 2025, OJK Reports

October 12, 2025 | 04:27 pm

TEMPO.CO, Jakarta - Indonesia's Financial Services Authority (OJK) reported that financing distributed through Indonesia’s peer-to-peer (P2P) lending platforms reached Rp87.6 trillion in August 2025, up from Rp84.6 trillion in the previous month.

According to OJK’s data, P2P lending distribution grew 21.6 percent year-on-year, continuing its upward trend over the past two years.

The Executive Head of Supervision for Financing Institutions, Venture Capital Companies, Microfinance Institutions, and Other Financial Institutions (PVML), Agusman, noted that the industry’s expansion remains steady.

OJK data show that total loan distribution stood at Rp59.6 trillion in December 2023 before climbing to Rp72.03 trillion by August 2024, underscoring consistent growth momentum in the digital lending sector.

Meanwhile, the 90-day Non-Performing Loan (NPL) ratio, which measures the percentage of loans overdue for more than 90 days, slightly declined to 2.60 percent in August 2025 from 2.75 percent in the previous month.

Agusman said overall financing activity remains stable. “In the PVML sector, financing receivables of Financing Companies (FCs) grew by 1.26 percent year-on-year in August 2025 to Rp505.59 trillion,” he said in a press release on Sunday, October 12, 2025.

This performance, he added, was supported by 7.62 percent year-on-year growth in working capital financing.

The risk profile of financing companies also remains under control, with the gross Non-Performing Financing (NPF) ratio recorded at 2.51 percent, down slightly from 2.52 percent in the previous month. The net NPF also eased to 0.85 percent from 0.88 percent.

OJK further reported that four of 146 financing companies have yet to meet the minimum equity requirement of Rp100 billion, while nine of 96 P2P lending platforms still fall short of the Rp12.5 billion minimum.

According to Agusman, these companies have submitted action plans to OJK detailing steps to meet the equity requirement, including increasing paid-up capital from existing shareholders, seeking strategic investors, or merging with other P2P platforms.

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