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Online Lending Interest Rate Cartel

Monday, July 7, 2025

The Business Competition Supervisory Commission suspects that 97 online lending companies are involved in cartel practices to fix interest rates. Businesses exploit regulatory loopholes.

arsip tempo : 176905267452.

Illustration. TEMPO/Alvin Siregar. tempo : 176905267452.

THE Business Competition Supervisory Commission (KPPU) has a big agenda ahead. Next month, the anti-cartel and anti-monopoly agency will hold a hearing to examine allegations of cartel practices involving companies that provide app-based loans, known as pinjol in Indonesia. The number of reported companies is staggering, 97 in total. “This is a record in KPPU’s history,” said KPPU Deputy Chair Aru Armando to Tempo on Tuesday, Ju

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Ghoida Rahmah

Ilona Esterina contributed to the writing of this article. 

Fintech KPPU Fintech Lending Monopoly online lending online loan cartel
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