OJK Reports Significant Individual Lender Exposure in P2P Lending

Outstanding Funds Reach Rp5.96 Trillion

The Financial Services Authority (OJK) has reported that outstanding funds from individual lenders in the online lending industry reached Rp5.96 trillion as of September 2025. This figure represents 6.5% of the total outstanding funds from all lenders in the peer-to-peer (P2P) lending sector. Agusman, OJK's Executive Head of Supervision for Financing Institutions, stated that the value has been recorded in the October 2025 RDK report.

Regulatory Measures to Strengthen Industry

The OJK is taking proactive measures to enhance governance and risk management within the P2P lending industry. The regulator is emphasizing the need for platform operators to strengthen their risk management practices and borrower selection processes. "Platform operators must ensure that fund distribution is conducted prudently and maintains consumer protection to increase lender confidence," Agusman emphasized.

Upcoming Regulatory Changes

The OJK is introducing new regulations that will limit funding by non-professional individual lenders, effective by January 1, 2027, as outlined in SEOJK 19/2025. This move aims to protect both lenders and consumers in the P2P lending market. The regulation is expected to create more opportunities for professional individual lenders who better understand the risks and benefits associated with P2P lending transactions.

Industry Performance as of Q3 2025

As of the third quarter of 2025, the total outstanding P2P lending reached Rp90.99 trillion, representing a 22.16% year-on-year growth. The outstanding financing for productive sectors stood at Rp31.37 trillion. Despite the growth, the industry maintained a relatively stable non-performing loan rate of 2.82% for TWP90 (90-day delinquency).