Best and Safest P2P Lending Platforms in Indonesia (OJK-Registered)
The growth of P2P lending in Indonesia has been increasing rapidly. This innovation in financial technology (fintech) provides an alternative funding solution that is more accessible compared to traditional banks.
P2P (Peer-to-Peer) lending is a platform that connects borrowers and lenders directly through an online system. The requirements are generally easier compared to banks or cooperatives. That’s why P2P lending is often utilized by business owners and MSMEs (Micro, Small, and Medium Enterprises) who need capital to expand their businesses.
However, as the number of P2P platforms continues to grow, the Financial Services Authority (OJK) warns the public to be cautious and only use officially registered and licensed P2P lending platforms.
The main benefit for investors in P2P lending is the interest earned from loans provided to borrowers, whether they are business owners or individuals.
If you’re interested in investing or borrowing through P2P lending, here are some of the best and safest P2P lending platforms in Indonesia that you should know.
Top P2P Lending Platforms in Indonesia
1. Investree
Founded in 2015, Investree is one of the pioneer P2P lending platforms in Indonesia.
Investree offers:
- Business loans
- Other financial products such as government bonds (SBN) and mutual fund collaborations
Types of business loans include:
- Invoice financing
- Buyer financing
- Online seller loans
- Working capital term loans
Investment details:
- Minimum investment: IDR 1 million
- Maximum: IDR 150 million
- Tenor: 1–12 months
- Estimated return: 12%–18% per year
As reported by Kompas (May 2020), Investree successfully accumulated IDR 5.68 trillion in funding, with IDR 4.8 trillion disbursed and a repayment success rate of 97.75%, with returns reaching up to 16% per year.
2. Amartha
Founded in 2010 as a microfinance institution, Amartha transitioned into a P2P lending company in 2016. Amartha focuses on funding MSMEs in rural areas, especially those without access to traditional banking loans.
Investment details:
- Loan range: IDR 3 million – IDR 15 million
- Tenor: 6–12 months
Amartha has distributed approximately IDR 2.38 trillion in funding, supporting over 500,000 micro-entrepreneurs. Its TKB90 (90-day repayment success rate) is 99.49%, which reflects a very low default rate. The platform is accessible through its mobile application on the Google Play Store.
3. KoinWorks
KoinWorks offers a major advantage: investors can start lending from as little as IDR 100,000. Founded in 2016, KoinWorks allows investors to fund projects in:
- Education
- Healthcare
- Business sectors
Another benefit is that investments are supported by a protection fund, minimizing risk.
Investment details:
- Return: 14%–23% per year
- Tenor: 1–12 months
- Total distributed funding: IDR 2.13 trillion
- TKB90: 95.66%
The app is available on both Google Play Store and App Store.
4. UangTeman
UangTeman is known for its fast loan disbursement process, ranging from 15 minutes to a maximum of 2 days.
Established in April 2005, the platform offers:
- Minimum investment: IDR 1 million – IDR 3 million
- Tenor: 10–30 days
It operates in major cities such as:
- Bandung
- Greater Jakarta (Jabodetabek)
- Yogyakarta
- Solo
- Makassar
The application can be downloaded via Google Play Store.
5. Modalku
Founded in January 2016, Modalku focuses on funding MSMEs registered on its platform.
Investors can select loans based on:
- Type of business
- Loan interest rate
- Loan amount
Main financing products include:
Invoice Financing
- Fast funding up to 80% of invoice value
- Tenor: 15–90 days
SME Business Loans
- Unsecured loans
- Maximum funding: Up to IDR 2 billion
- Tenor: Up to 24 months
As of May 2020, Modalku had distributed IDR 14.7 trillion in funding, according to its official website.
The app is available on both Google Play Store and App Store.
How P2P Lending Works
Understanding how P2P lending works is essential before investing:
- Register online as either a lender (investor) or borrower.
- Borrowers submit loan applications.
- The P2P platform analyzes and evaluates borrower risk levels.
- Approved borrowers are listed on the platform with risk profiles displayed.
- Investors select borrowers based on risk and potential return.
- Investors fund borrowers through the application.
- Borrowers repay loans according to agreed terms.
- Investors receive repayment along with the agreed interest.
P2P lending in Indonesia offers a promising investment alternative, especially for those seeking higher returns compared to traditional savings products.
However, it is crucial to:
- Choose platforms registered with OJK
- Understand the risk profile
- Diversify your investments
- Review repayment performance (TKB90)
Whether you are an investor looking for passive income or a business owner seeking funding, the P2P platforms above can be strong options to consider.
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