FX.co ★ Indonesia Loan Growth Cools Slightly in September, Year-on-Year Pace Eases

Indonesia’s loan growth eased in September 2026, with the year-on-year pace slipping to 13.26%, down from 13.65% in August 2026.

The figures, updated on 21 October 2026, reflect a modest deceleration in borrowing activity when comparing each month to its level a year earlier. The “previous” reading of 13.65% for August represented the year-over-year change versus August of the prior year, while the latest “actual” figure of 13.26% for September measures the change against September a year earlier.

While the shift is relatively small, the dip suggests a slight cooling in credit demand or lending momentum heading into the final quarter of 2026, after a period of robust year-on-year expansion in Indonesia’s loan market.