Indonesia's Multifinance Sector Shows Resilience with Multipurpose Financing Dominance

Strong Growth in Multipurpose Financing

Indonesia's multifinance industry recorded a total financing volume of Rp 506.82 trillion as of November 2025, according to the Financial Services Authority (OJK) ¹

. The data reveals that multipurpose financing remained the largest contributor, reaching Rp 254.82 trillion and accounting for 50.28% of total multifinance lending. OJK Executive Head of Supervision Agusman stated that multipurpose financing continues to dominate the multifinance industry, highlighting its significant role in the financial sector.

Electric Vehicle Financing Shows Continued Growth

Despite the conclusion of electric vehicle (EV) incentives in December 2025, OJK remains optimistic about the future of EV financing through multifinance companies ²

. As of November 2025, EV financing grew 1.99% month-to-month to Rp 21.31 trillion. Agusman noted that the growth is expected to continue in 2026 due to increasing consumer interest in environmentally friendly vehicles, expanding brand options, and supportive policies.

Risk Management Becomes Key Focus

To maintain performance, Agusman emphasized that multifinance companies need to strengthen risk management practices and adjust financing schemes to better suit the characteristics of electric vehicles. Additionally, companies are encouraged to enhance collaboration with the automotive ecosystem and supporting infrastructure providers to sustain growth in this segment.