The online lending (Pindar) industry in Indonesia continues to show steady expansion up to mid-2026. The Financial Services Authority (OJK) reported that total outstanding financing in this sector reached IDR 103.73 trillion in May 2026, up from IDR 102.07 trillion in the previous month.
Agusman, Executive Head of Supervision for PVML at OJK, revealed that year-on-year growth stood at 25.60%. Although this figure represents a fantastic nominal amount, there was a slight slowdown in the growth rate compared to April 2026, which recorded 26.11%.
On the other hand, the industry's credit quality showed positive signals. The 90-day default ratio, or TWP90, which reflects the aggregate non-performing loan rate, successfully improved to 4.42%. This figure is better than the previous month's level of 4.62%, indicating more effective risk mitigation efforts by operators.
Regarding regulatory compliance, OJK noted positive progress in fulfilling capital requirements. Currently, only eight operators out of a total of 94 entities have not yet met the minimum equity requirement of IDR 12.5 billion. This number of non-compliant operators has dropped drastically compared to the previous month, which stood at 14 entities.
