Online loans in Indonesia grow high in May


By Fifi
  • World
  • Wednesday, 09 Jul 2025

JAKARTA, July 8 (Xinhua) -- Indonesia's Financial Services Authority (OJK) said on Tuesday that the financing in the online loan sector had been significantly growing, reaching 82.59 trillion rupiahs (5.08 billion U.S. dollars) as of May this year.

Meanwhile, the financing receivables of financing companies grew 2.83 percent to 504.58 trillion rupiahs (31.03 billion dollars) by May on a yearly basis, according to Agusman, OJK chief executive supervisor for financing institutions, venture capital companies, microfinance institutions and other financial services institutions.

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