OJK Strengthens Fintech Lending Regulations and Financial Oversight

Enhanced Financial Reporting Requirements

The OJK has issued POJK Number 42/2025 to improve financial reporting integrity across various financial institutions, including financing companies, venture capital firms, and microfinance institutions ¹

. The new regulation mandates robust financial reporting processes to ensure accuracy, transparency, and accountability. Key aspects include:

• Director and commissioner responsibilities: Clear delineation of roles in financial reporting
• Audit committee oversight: Enhanced monitoring of financial reporting processes
• Controller involvement: Strengthened internal controls

Stricter Fintech Lending Regulations

The OJK has introduced multiple measures to strengthen the fintech lending sector:

1. Debt-to-Income Ratio Limit: The maximum debt-to-income ratio for fintech lending has been tightened to 30% of income ⁵
   Source 5

   https://finansial.bisnis.com/read/20260112/563/1943510/tahun-ini-batas-maksimal-kredit-pinjol-diperketat-jadi-30-dari-gaji
   ⁶
   Source 6

   https://finance.detik.com/moneter/d-8302900/ojk-perketat-jatah-ngutang-di-pinjol-jadi-30-dari-penghasilan
   , down from 40% in 2025. This change aims to prevent over-indebtedness and protect consumers from excessive borrowing.
2. Funding Source Diversification: As of November 2025, bank funding remained dominant at 64.10% (Rp60.79 trillion) ⁴
   Source 4

   https://finansial.bisnis.com/read/20260112/90/1943547/sumber-dana-fintech-pinjol-didominasi-perbankan-sentuh-rp6079-triliun-per-november-2025
   , while individual lenders contributed 5.46% (Rp5.18 trillion). The OJK expects this structure to remain relatively stable in 2026.
3. Escrow Account Implementation: New regulations require funds to be disbursed directly to borrowers through escrow accounts, enhancing transparency and minimizing misappropriation risks ⁵
   Source 5

   https://finansial.bisnis.com/read/20260112/563/1943510/tahun-ini-batas-maksimal-kredit-pinjol-diperketat-jadi-30-dari-gaji
   .

Enhanced Oversight of Foreign Financial Institutions

The OJK has issued POJK Number 41/2025 to regulate foreign financial institutions operating in Indonesia ³

. The new rules cover:

• Licensing requirements for representative offices
• Operational scope of representative offices
• Examination procedures for foreign entities
• Closure procedures for representative offices

Enforcement Against Illegal Fintech Entities

The OJK, in collaboration with the Task Force on Illegal Financial Activities (Satgas PASTI), has successfully blocked 2,263 illegal fintech lending platforms in 2025, bringing the total to 14,006 illegal entities blocked since 2017 ²

. This enforcement action demonstrates the OJK's commitment to maintaining a safe and regulated financial environment.