Fintech
Indonesia's fintech regulations are tightening, and consumer loan interest rates have been reduced
By Admin
2024-12-03
The Indonesian Financial Services Authority (OJK) has announced that the maximum daily interest rate for consumer loans will be reduced to 0.3% starting January 1, 2024. This measure aims to tighten regulations on fintech lending platforms, reduce borrowing costs for consumers, and promote healthy industry growth.