Politics · Indonesia · 13 hrs ago
Jakarta court rejects KPPU’s online lending interest-rate cartel finding
A court in Central Jakarta rejected the competition agency’s cartel finding against online lending platforms.
The case involved 97 platforms accused of coordinating interest rates in breach of Indonesia’s competition law.
In March 2026, the Competition Commission, known as KPPU, found the businesses at fault and imposed fines totalling Rp755 billion.
The platforms challenged that decision, and the court said it found no evidence of an interest-rate cartel.
The industry association AFPI said the platforms had followed financial regulator OJK’s limits on borrowing costs, which were intended to protect consumers and curb predatory lending and illegal online loans.
The ruling gives the businesses legal certainty, while AFPI says it will continue to support responsible and transparent practices; no further legal steps are specified.
A Jakarta court granted online lending platforms’ objection to a KPPU ruling that found them guilty of forming an interest-rate cartel.
The court found no evidence of an interest-rate cartel among the platforms, according to the Indonesian Fintech Funding Association (AFPI).
In March 2026, the competition regulator fined 97 online lending businesses a total of Rp755 billion.
AFPI said the platforms had followed regulator guidance on maximum economic benefits and welcomed the court’s decision.
- Who
- Online lending platforms challenged a ruling by Indonesia’s Business Competition Supervisory Commission (KPPU); AFPI welcomed the court decision.
- What
- The court granted the platforms’ objection and found no interest-rate cartel, overturning KPPU’s finding.
- When
- KPPU issued its ruling in March 2026. The court ruling date is not stated.
- Where
- Central Jakarta District Court, Indonesia.
- Why
- The platforms contested KPPU’s finding. AFPI said they had followed regulator guidance on maximum economic benefits.
Online lending platforms and AFPI
KPPU
Finding
Online lending platforms and AFPI
The court found no interest-rate cartel among the platforms, and AFPI said they had followed regulator guidance.
KPPU
KPPU found 97 businesses guilty of cartel-related violations.
Interest-rate limits
Online lending platforms and AFPI
AFPI said the maximum economic-benefit limits followed financial regulator OJK guidance to protect consumers and prevent predatory lending.
KPPU
KPPU alleged a violation of Article 5 of Law No. 5 of 1999.
KPPU found 97 online lending businesses guilty and imposed fines totaling Rp755 billion.
A panel at Central Jakarta District Court granted the platforms’ objection and found no interest-rate cartel, according to AFPI.
- Businesses found guilty by KPPU
- 97 online lending businesses
- Total fines imposed
- Rp755 billion
- KPPU case number
- 05/KPPU-I/2025
- Law cited
- Article 5 of Law No. 5 of 1999
- Court
- Central Jakarta District Court
What people are saying
Since the beginning, we have said that all we did was follow the regulator’s guidance.
For us, this decision is very important because the industry’s compliance with the regulator is not considered a violation, thereby providing legal certainty for businesses.