In 2024, Indonesia’s lending market sees rapid growth in peer-to-peer (P2P) lending, with outstanding financing rising by 35.62% year-over-year, fueled by fintech platforms. Mortgage rates are at a historic low of 7.47%, boosting housing loan demand. Commercial bank lending rates remain stable at 10.1%, reflecting caution amid global uncertainties. Small and medium-sized enterprises (SMEs) are gaining more access to financing, with notable growth in SME loans. Digital lending is expanding, offering faster, more convenient loan access through mobile apps, with the sector projected to grow at a 29.0% CAGR through 2031.