8 Online Loans Under Special OJK Supervision

Indonesia's Financial Services Authority (OJK) has placed eight online lending platforms under special supervision due to concerns over their capital adequacy and high aggregate non-performing loan ratios (TWP90). The OJK is directing these platforms to undertake corrective actions before further measures are considered, which could include the revocation of their business licenses.

According to OJK's Head of Supervisory Executive for Financing Institutions, Agusman, these platforms must first address issues such as insufficient capital and the quality of their financing. Currently, 14 out of 94 registered online lenders have failed to meet the minimum equity requirement of Rp12.5 billion. The ability of these platforms to meet equity standards is influenced by business conditions, performance, prospects, and capital strategies like shareholder injections or mergers.

Agusman also emphasized the importance of good governance and robust business models in attracting investor confidence and strengthening the industry's resilience. He noted that 19 online lenders had a TWP90 ratio exceeding 5% as of April 2026. While the overall outstanding financing in the industry grew by 26.11% year-on-year to Rp102.07 trillion in April 2026, with a TWP90 of 4.62%, the OJK is pushing for stronger risk management, data-driven credit scoring, and cautious collection practices to maintain loan quality.

Despite these challenges, the online lending industry reported a significant year-on-year profit growth of 71.43% to Rp0.96 trillion in the same period. Banking lenders continue to dominate the funding landscape, providing Rp66.25 trillion, or 75.59% of the total, due to their substantial funding capacity and liquidity stability.