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🇮🇩 Indonesia /Economy & Trade

OJK Closely Monitors 8 Fintech Lenders Amid Capital and Bad Debt Concerns

From Republika · () Indonesian

Translated from Indonesian, summarized and contextualized by DistantNews.

At a glance

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  • Indonesia's Financial Services Authority (OJK) is closely monitoring eight online lending platforms due to capital shortages and high non-performing loan rates.
  • These platforms must implement corrective measures, including meeting minimum capital requirements and improving loan quality, before further action is taken.
  • OJK also noted that 14 out of 94 fintech lenders still haven't met the minimum equity of Rp 12.5 billion.

Indonesia's Financial Services Authority (OJK) has placed eight online lending platforms under special supervision, citing concerns over insufficient capital and a high rate of problematic loans. These platforms are now required to undertake corrective actions in line with existing regulations, focusing on meeting minimum capital obligations and enhancing the quality of their financing before the OJK considers further measures, which could include revoking operating licenses.

"Every organizer in special supervision will be directed to take corrective actions in accordance with the applicable regulations," stated Agusman, Head of the Supervisory Executive for Financing Institutions at OJK. He explained that these steps involve ensuring minimum capital is met and improving loan quality. The OJK's data indicates that, as of April 2026, 19 fintech lending companies had non-performing loan ratios (TWP90) exceeding 5 percent. The number of these companies fluctuates based on loan quality and borrower repayment capabilities.

Across the industry, 14 out of 94 registered fintech lending operators have yet to meet the minimum equity requirement of Rp 12.5 billion. Agusman attributed this shortfall to various factors, including business performance, market prospects, capital-raising strategies, and the introduction of new investors or corporate actions like mergers. He emphasized that sound corporate governance and healthy business models are crucial for attracting investors and strengthening capital.

To bolster investor confidence and enhance consumer protection, the OJK is urging all online lending operators to reinforce their governance, risk management practices, and regulatory compliance. The authority believes that a focus on these areas will not only strengthen the companies but also improve the overall stability and trustworthiness of the fintech lending sector in Indonesia.

Every organizer in special supervision will be directed to take corrective actions in accordance with the applicable regulations.

— AgusmanAgusman, Head of the Supervisory Executive for Financing Institutions, Venture Capital Companies, Microfinance Institutions, and Other Financial Services Institutions at OJK, explained the process for fintech lenders under special supervision.
DistantNews Editorial

Originally published by Republika in Indonesian. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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