TEMPO.CO, Jakarta - The Financial Services Authority (OJK) reported that 23 online loan providers had a default rate, or 90 days past due (TWP90), above 5 percent as of May 2025. This figure rose by one compared to April.
“The increase in TWP90 is partly due to rising non-performing loans. However, the industry's average TWP90 remains below 5 percent,” said Agusman, OJK’s Executive Head for Non-Bank Financial Institution Supervision, in a statement on Tuesday, July 15, 2025.
OJK recorded the industry’s TWP90 at 3.19 percent in May, up from 2.93 percent in April.
Companies with TWP90 above 5 percent are still allowed to receive lenders and disburse new funding, but OJK will apply supervisory measures. These include issuing guidance letters and requesting action plans to reduce defaults.
OJK will monitor these plans to ensure they are effective. If more serious risks arise, such as defaults or regulatory violations, the authority may impose sanctions, including temporary suspension of disbursements and limits on new lenders.
Outstanding financing in the online loan sector reached Rp 82.59 trillion in May, reflecting an annual growth of 27.93 percent. This compares to 29.01 percent year-on-year growth in April.
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