The consumer lending category has experienced another strong performance in Indonesia in 2023. Gross lending has shown further positive growth during the year, along similar lines to 2022.
Banking in Indonesia has been transmitting the increase in the benchmark rate since 2022 to the amount of loan interest extended in 2023, including housing loans (KPR).
Indonesia’s increase in consumption is being accompanied by the emergence of greater convenience in buying goods and services. Particularly notable is the birth of the Buy Now Pay Later (BNPL) payment method in the last few years.
The consumer lending industry in Indonesia is expected to grow positively in the forecast period. The mindset of most Indonesians, especially those with lower to middle incomes, is open to buying goods on credit, regardless of interest rates, and to focus on the ability to pay off monthly instalments as the primary determinant in a decision.
Files are delivered directly into your account soon after payment is received and any tax certification is verified (where applicable).
This report comes in PDF with additional info in Excel included.
Understand the latest market trends and future growth opportunities for the Consumer Lending industry in Indonesia with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Consumer Lending industry in Indonesia, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Aggregate of Consumer Credit and Mortgages/Housing. Gross Lending: The total value of loans advanced by institutions in a given year; data refers to single year only. Outstanding Balance: The collective amount owed by borrowers at the end of a given year; data refers to the cumulative impact of debt.See All of Our Definitions
This report originates from Passport, our Consumer Lending research and analysis database.
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extraction Free!