RegAlert

Indonesia: lending & credit regulation — 2026-09

Regulated

OJK regulates fintech lending (LPBBTI) and BNPL; strict capital and reporting rules apply

Frozen snapshot — the guide as it stood at the end of 2026-09. See the live guide for the current state.

Indonesia strictly regulates digital lending under the OJK. The primary framework for fintech lending is OJK Regulation No. 40 of 2024 on Information Technology-Based Collective Financing Services (LPBBTI), requiring significant capital and data reporting. Buy Now Pay Later (BNPL) is also regulated by OJK Regs No. 32 of 2025 and No. 2 of 2026. Traditional microfinance and SME lending are supervised under separate OJK frameworks for Financing Institutions and Microfinance Institutions.

Which licence do you need?

Your activityRequirementCapitalTimelineAuthority
Consumer lendingLicenceFinancing Institution License[1][2]

Requires OJK license as Financing Institution or LPBBTI

IDR 12 billion (for LPBBTI)6-12 monthsOJK
SME / commercial lendingLicenceFinancing Institution License[3][1]

OJK Reg 19/2025 mandates facilitation; LPBBTI covers SME financing

IDR 12 billion (for LPBBTI)6-12 monthsOJK
MicrofinanceLicenceMicrofinance Institution License[4]

Regulated under OJK Reg 41/2024; local gov ownership allowed

Varies by scale (Small/Medium/Large)—OJK
Buy-now-pay-laterLicenceBNPL Service License[5][2]

Strictly regulated for Financing Companies and Commercial Banks

IDR 12 billion (for LPBBTI)6-12 monthsOJK
P2P lending platformLicenceLPBBTI License[1][6]

P2P lending is now classified as LPBBTI under OJK Reg 40/2024

IDR 12 billion6-12 monthsOJK
Credit bureau / scoringUncertainverify with regulator

Scoring used internally; external bureaus regulated differently

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Debt collectionUncertainverify with regulator

General business license required; specific debt collection rules unclear

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New — what changed recently

  • 2026-01-01OJK Regulation No. 2 of 2026 — Comprehensive regulation of BNPL for financing and Sharia financing companies[2]
  • 2025-01-01OJK Regulation No. 32 of 2025 — Regulation of BNPL services by commercial banks and financing companies[5]
  • 2025-01-01OJK Regulation No. 19 of 2025 — Mandates banks and non-banks to facilitate MSME financing access[3]
  • 2024-01-01OJK Regulation No. 40 of 2024 — Establishes LPBBTI framework with IDR 12 billion minimum equity[1]

Market-entry checklist

  1. 1Secure OJK LPBBTI LicenseObtain license as Information Technology-Based Collective Financing Service Provider
  2. 2Meet IDR 12 Billion CapitalEnsure minimum paid-up capital of IDR 12 billion for fintech lending operations
  3. 3Implement Data ReportingConnect to OJK's fintech lending data center for periodic transaction reporting
  4. 4Establish Segregated AccountsOpen segregated customer fund accounts at licensed Indonesian banks
  5. 5Adopt Risk Management FrameworkImplement OJK-mandated risk management and consumer protection policies

Sources

  1. OJK Regulation No. 49 of 2024 on Supervision, Supervision Status Determination, and Follow-up for Financing Institutions, Venture Capital Companies, Microfinance Institutions, and Other Financial Service Institutions · 2024-12-31
  2. Regulation of the Board of Commissioners of the Financial Services Authority Number 2 of 2026 Concerning the Implementation of Buy Now Pay Later for Financing Companies and Sharia Financing Companies · 2026-05-04
  3. OJK Regulation No. 19 of 2025 on Facilitating Financing Access for Micro, Small, and Medium Enterprises · 2025-08-28
  4. Financial Services Authority Regulation Number 41 of 2024 on Microfinance Institutions · 2024-12-27
  5. OJK Regulation No. 32 of 2025 on the Implementation of Buy Now Pay Later (BNPL) · 2025-12-15
  6. Procedures and Mechanisms for Submission of Financing Transaction Data and Reporting by Information Technology-Based Joint Financing Service Providers (LPBBTI) · 2024-02-01